On Deck Capital (NYSE:ONDK) announced its quarterly earnings data on Tuesday. The credit services provider reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02), Briefing.com reports. The company had revenue of $111.70 million for the quarter, compared to analysts’ expectations of $113.15 million. On Deck Capital had a return on equity of 9.25% and a net margin of 7.43%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 EPS. On Deck Capital updated its Q1 2020
Pre-Market guidance to EPS and its FY 2020
Pre-Market guidance to EPS.
Shares of NYSE ONDK traded down $0.03 during midday trading on Friday, hitting $3.98. 1,425 shares of the company’s stock were exchanged, compared to its average volume of 480,472. The firm’s fifty day simple moving average is $4.09 and its 200-day simple moving average is $3.84. The company has a market cap of $287.40 million, a PE ratio of 9.76 and a beta of 1.73. On Deck Capital has a twelve month low of $2.88 and a twelve month high of $6.40. The company has a debt-to-equity ratio of 2.74, a current ratio of 16.50 and a quick ratio of 16.50.
ONDK has been the subject of a number of recent research reports. Morgan Stanley raised their target price on On Deck Capital from $3.50 to $4.25 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 4th. Stephens set a $5.00 target price on On Deck Capital and gave the stock a “hold” rating in a research note on Friday, October 25th. Maxim Group restated a “hold” rating on shares of On Deck Capital in a report on Thursday. Finally, Zacks Investment Research downgraded On Deck Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.25.
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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