Brokerages Expect On Deck Capital Inc (ONDK) Will Post Earnings of $0.04 Per Share

Equities analysts expect On Deck Capital Inc (NYSE:ONDK) to announce earnings per share (EPS) of $0.04 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for On Deck Capital’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.07. On Deck Capital reported earnings per share of ($0.11) in the same quarter last year, which would indicate a positive year-over-year growth rate of 136.4%. The company is expected to announce its next earnings report on Monday, May 14th.

According to Zacks, analysts expect that On Deck Capital will report full-year earnings of $0.27 per share for the current year, with EPS estimates ranging from $0.16 to $0.33. For the next fiscal year, analysts expect that the company will post earnings of $0.41 per share, with EPS estimates ranging from $0.28 to $0.51. Zacks’ earnings per share averages are an average based on a survey of analysts that cover On Deck Capital.

On Deck Capital (NYSE:ONDK) last issued its quarterly earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. On Deck Capital had a negative return on equity of 4.44% and a negative net margin of 3.29%. The firm had revenue of $87.74 million for the quarter, compared to the consensus estimate of $87.48 million. During the same period in the prior year, the business posted ($0.50) earnings per share. The company’s revenue for the quarter was up 7.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Jefferies Group reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. BTIG Research reiterated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. Zacks Investment Research upgraded On Deck Capital from a “hold” rating to a “buy” rating and set a $5.75 price target on the stock in a report on Saturday. Morgan Stanley increased their price objective on On Deck Capital from $5.00 to $5.50 and gave the stock an “equal weight” rating in a research note on Wednesday, February 14th. Finally, BidaskClub cut On Deck Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.29.

In other news, CEO Noah Breslow acquired 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were bought at an average price of $4.94 per share, with a total value of $59,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 25.40% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in On Deck Capital by 2.8% in the fourth quarter. BlackRock Inc. now owns 2,990,274 shares of the credit services provider’s stock worth $17,163,000 after purchasing an additional 81,537 shares in the last quarter. 683 Capital Management LLC bought a new position in On Deck Capital in the third quarter worth approximately $9,340,000. Delek Group Ltd. bought a new position in On Deck Capital in the fourth quarter worth approximately $9,322,000. Marathon Partners Equity Management LLC grew its stake in On Deck Capital by 2.4% in the third quarter. Marathon Partners Equity Management LLC now owns 1,485,000 shares of the credit services provider’s stock worth $6,935,000 after purchasing an additional 35,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in On Deck Capital by 60.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,128,900 shares of the credit services provider’s stock worth $6,480,000 after purchasing an additional 426,700 shares in the last quarter. 57.60% of the stock is currently owned by institutional investors.

Shares of On Deck Capital (ONDK) traded down $0.20 during midday trading on Friday, hitting $5.19. The stock had a trading volume of 96,531 shares, compared to its average volume of 547,339. The company has a current ratio of 26.95, a quick ratio of 26.96 and a debt-to-equity ratio of 2.78. On Deck Capital has a 12-month low of $3.29 and a 12-month high of $6.36.

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About On Deck Capital

On Deck Capital, Inc offers an online platform for small business lending. The Company’s platform aggregates and analyzes data points from disparate data sources to assess the creditworthiness of small businesses. Small businesses apply for a term loan or line of credit on the Company’s Website, and using its OnDeck Score, the Company makes a funding decision and transfers the funds.

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