Zacks: Analysts Anticipate On Deck Capital Inc (ONDK) Will Announce Earnings of $0.03 Per Share

Equities research analysts forecast that On Deck Capital Inc (NYSE:ONDK) will post $0.03 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for On Deck Capital’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.05. On Deck Capital posted earnings of ($0.11) per share in the same quarter last year, which indicates a positive year over year growth rate of 127.3%. The firm is scheduled to report its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that On Deck Capital will report full-year earnings of $0.27 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.33. For the next year, analysts anticipate that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.28 to $0.44. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover On Deck Capital.

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On Deck Capital (NYSE:ONDK) last issued its earnings results on Tuesday, February 13th. The credit services provider reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The company had revenue of $87.74 million during the quarter, compared to analysts’ expectations of $87.48 million. On Deck Capital had a negative return on equity of 4.41% and a negative net margin of 3.29%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.50) EPS.

Several analysts have issued reports on ONDK shares. Zacks Investment Research cut On Deck Capital from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. UBS started coverage on On Deck Capital in a report on Tuesday, March 27th. They issued a “neutral” rating and a $6.00 target price for the company. Jefferies Group restated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. BTIG Research restated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. Finally, Morgan Stanley upped their target price on On Deck Capital from $5.00 to $5.50 and gave the company an “equal weight” rating in a report on Wednesday, February 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.39.

NYSE:ONDK traded down $0.15 during trading hours on Monday, hitting $5.19. The company had a trading volume of 525,709 shares, compared to its average volume of 555,133. The company has a quick ratio of 25.41, a current ratio of 25.41 and a debt-to-equity ratio of 2.60. The stock has a market cap of $395.31, a P/E ratio of -32.44 and a beta of 1.43. On Deck Capital has a 1 year low of $3.29 and a 1 year high of $6.36.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its holdings in shares of On Deck Capital by 4,393.3% during the 4th quarter. Bank of Montreal Can now owns 24,219 shares of the credit services provider’s stock worth $139,000 after purchasing an additional 23,680 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of On Deck Capital during the 4th quarter worth $143,000. Ellington Management Group LLC purchased a new position in shares of On Deck Capital during the 4th quarter worth $169,000. Acadian Asset Management LLC purchased a new position in shares of On Deck Capital during the 4th quarter worth $183,000. Finally, Engineers Gate Manager LP purchased a new position in shares of On Deck Capital during the 3rd quarter worth $169,000. Institutional investors and hedge funds own 66.92% of the company’s stock.

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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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