Wall Street analysts expect On Deck Capital Inc (NYSE:ONDK) to report $94.63 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for On Deck Capital’s earnings. The highest sales estimate is $98.74 million and the lowest is $83.41 million. On Deck Capital reported sales of $83.67 million in the same quarter last year, which indicates a positive year over year growth rate of 13.1%. The business is scheduled to issue its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that On Deck Capital will report full year sales of $373.98 million for the current fiscal year, with estimates ranging from $331.20 million to $385.61 million. For the next fiscal year, analysts forecast that the firm will report sales of $417.35 million per share, with estimates ranging from $361.41 million to $435.88 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for On Deck Capital.
On Deck Capital (NYSE:ONDK) last posted its quarterly earnings results on Tuesday, August 7th. The credit services provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.15. The firm had revenue of $95.62 million for the quarter, compared to the consensus estimate of $88.53 million. On Deck Capital had a net margin of 1.37% and a return on equity of 4.25%.
ONDK has been the topic of several research reports. Morgan Stanley downgraded shares of On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price target on the stock. in a research note on Thursday, July 19th. ValuEngine raised shares of On Deck Capital from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised shares of On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research note on Tuesday, August 14th. Stephens initiated coverage on shares of On Deck Capital in a research note on Monday, June 18th. They issued a “weight” rating on the stock. Finally, BTIG Research downgraded shares of On Deck Capital from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 14th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $8.14.
A number of institutional investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC increased its position in On Deck Capital by 153.7% during the first quarter. Quantitative Systematic Strategies LLC now owns 25,879 shares of the credit services provider’s stock worth $145,000 after purchasing an additional 15,677 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in On Deck Capital during the second quarter worth about $118,000. MetLife Investment Advisors LLC increased its position in On Deck Capital by 431.0% during the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock worth $178,000 after purchasing an additional 20,646 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in On Deck Capital during the second quarter worth about $158,000. Finally, California Public Employees Retirement System acquired a new stake in On Deck Capital during the first quarter worth about $145,000. Hedge funds and other institutional investors own 77.10% of the company’s stock.
NYSE:ONDK opened at $7.56 on Friday. The company has a current ratio of 26.85, a quick ratio of 26.85 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $603.93 million, a PE ratio of -48.38 and a beta of 1.62. On Deck Capital has a twelve month low of $4.11 and a twelve month high of $9.41.
On Deck Capital Company Profile
On Deck Capital, Inc operates an online platform for small business lending in the United States, Canada, and Australia. It offers term loans and lines of credit. The company was incorporated in 2006 and is headquartered in New York, New York.
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