On Deck Capital Inc (ONDK) Expected to Post Quarterly Sales of $85.40 Million

Wall Street brokerages expect that On Deck Capital Inc (NYSE:ONDK) will post sales of $85.40 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for On Deck Capital’s earnings. The highest sales estimate is $89.36 million and the lowest is $77.37 million. On Deck Capital posted sales of $92.89 million during the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The business is expected to issue its next quarterly earnings report on Monday, May 14th.

On average, analysts expect that On Deck Capital will report full year sales of $85.40 million for the current fiscal year, with estimates ranging from $322.00 million to $379.00 million. For the next financial year, analysts expect that the firm will report sales of $415.87 million per share, with estimates ranging from $346.43 million to $449.26 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for 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, topping the Zacks’ consensus estimate of $0.05 by $0.02. The business had revenue of $87.74 million for 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 company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.50) EPS.

A number of equities analysts recently issued reports on the company. Morgan Stanley lifted their target price on On Deck Capital from $5.00 to $5.50 and gave the stock an “equal weight” rating 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. Jefferies Group restated a “hold” rating on shares of On Deck Capital in a report on Wednesday, February 14th. Finally, Zacks Investment Research cut On Deck Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $5.29.

On Deck Capital stock opened at $5.30 on Friday. 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 capitalization of $386.43, a price-to-earnings ratio of -33.13 and a beta of 1.58. On Deck Capital has a 1-year low of $3.29 and a 1-year high of $6.36.

Several institutional investors have recently modified their holdings of the company. Delek Group Ltd. acquired a new stake in shares of On Deck Capital in the fourth quarter worth $9,322,000. MetLife Investment Advisors LLC acquired a new stake in shares of On Deck Capital in the fourth quarter worth $143,000. TIAA CREF Investment Management LLC boosted its position in shares of On Deck Capital by 11.9% in the fourth quarter. TIAA CREF Investment Management LLC now owns 452,577 shares of the credit services provider’s stock worth $2,598,000 after buying an additional 48,252 shares during the period. Two Sigma Investments LP boosted its position in shares of On Deck Capital by 232.7% in the fourth quarter. Two Sigma Investments LP now owns 265,036 shares of the credit services provider’s stock worth $1,521,000 after buying an additional 185,377 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of On Deck Capital by 1,842.2% in the fourth quarter. Two Sigma Advisers LP now owns 211,700 shares of the credit services provider’s stock worth $1,215,000 after buying an additional 200,800 shares during the period. 66.92% of the stock is owned by institutional investors and hedge funds.

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On Deck Capital Company Profile

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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