On Deck Capital Inc (NYSE:ONDK) Expected to Announce Quarterly Sales of $110.71 Million

Wall Street analysts expect that On Deck Capital Inc (NYSE:ONDK) will post sales of $110.71 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for On Deck Capital’s earnings, with estimates ranging from $109.87 million to $112.13 million. On Deck Capital reported sales of $95.62 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 15.8%. The business is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that On Deck Capital will report full year sales of $449.14 million for the current financial year, with estimates ranging from $445.84 million to $452.88 million. For the next financial year, analysts expect that the company will report sales of $479.30 million, with estimates ranging from $446.98 million to $507.44 million. Zacks’ 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 released its quarterly earnings results on Thursday, May 2nd. The credit services provider reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The company had revenue of $110.20 million during the quarter, compared to analysts’ expectations of $110.23 million. On Deck Capital had a return on equity of 12.24% and a net margin of 8.48%. On Deck Capital’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS.

A number of equities analysts recently weighed in on ONDK shares. ValuEngine cut On Deck Capital from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. B. Riley set a $9.00 price target on On Deck Capital and gave the stock a “buy” rating in a report on Friday, May 3rd. Maxim Group reaffirmed a “hold” rating on shares of On Deck Capital in a report on Friday, May 3rd. Finally, Stephens set a $6.00 price target on On Deck Capital and gave the stock a “hold” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.54.

Several institutional investors have recently made changes to their positions in the business. Nantahala Capital Management LLC increased its stake in shares of On Deck Capital by 7.3% during the fourth quarter. Nantahala Capital Management LLC now owns 4,075,942 shares of the credit services provider’s stock valued at $24,048,000 after buying an additional 275,797 shares during the period. BlackRock Inc. increased its stake in shares of On Deck Capital by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,674,855 shares of the credit services provider’s stock valued at $21,683,000 after buying an additional 85,019 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of On Deck Capital by 10.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,877,410 shares of the credit services provider’s stock valued at $16,977,000 after buying an additional 273,423 shares during the period. Seacliff Capital LLC increased its stake in shares of On Deck Capital by 1,150.0% during the first quarter. Seacliff Capital LLC now owns 1,250,000 shares of the credit services provider’s stock valued at $6,775,000 after buying an additional 1,150,000 shares during the period. Finally, Millennium Management LLC increased its stake in shares of On Deck Capital by 52.2% during the fourth quarter. Millennium Management LLC now owns 1,131,125 shares of the credit services provider’s stock valued at $6,674,000 after buying an additional 387,837 shares during the period. 71.45% of the stock is owned by institutional investors and hedge funds.

NYSE ONDK opened at $4.15 on Friday. The firm has a market cap of $298.36 million, a PE ratio of 9.65 and a beta of 1.93. On Deck Capital has a twelve month low of $3.90 and a twelve month high of $9.41. The company has a quick ratio of 16.87, a current ratio of 16.87 and a debt-to-equity ratio of 2.69. The business has a 50-day simple moving average of $4.34.

About On Deck Capital

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 also provides technology and services platform that facilitates online lending to small business customers for banks. It distributes its products through direct marketing channel, strategic partners, and funding advisors.

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