NEWTEK Business Services (NEWT) Scheduled to Post Quarterly Earnings on Wednesday

NEWTEK Business Services (NASDAQ:NEWT) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 2nd. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

NEWTEK Business Services (NASDAQ:NEWT) last announced its quarterly earnings results on Monday, March 5th. The business services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The business had revenue of $10.42 million for the quarter, compared to analyst estimates of $10.08 million. NEWTEK Business Services had a return on equity of 8.40% and a net margin of 107.74%. On average, analysts expect NEWTEK Business Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

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Shares of NASDAQ NEWT opened at $17.88 on Wednesday. The company has a market cap of $331.81, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 3.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.27 and a current ratio of 0.27. NEWTEK Business Services has a twelve month low of $15.68 and a twelve month high of $19.40.

A number of equities analysts have weighed in on NEWT shares. Zacks Investment Research raised NEWTEK Business Services from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Keefe, Bruyette & Woods set a $19.00 price target on NEWTEK Business Services and gave the stock a “hold” rating in a research report on Tuesday, March 6th. Finally, BidaskClub raised NEWTEK Business Services from a “sell” rating to a “hold” rating in a research report on Friday, March 9th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. NEWTEK Business Services presently has a consensus rating of “Hold” and a consensus price target of $19.00.

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About NEWTEK Business Services

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.

Earnings History for NEWTEK Business Services (NASDAQ:NEWT)

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