$98.37 Million in Sales Expected for On Deck Capital Inc (ONDK) This Quarter

Equities analysts expect On Deck Capital Inc (NYSE:ONDK) to report sales of $98.37 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for On Deck Capital’s earnings, with the highest sales estimate coming in at $98.74 million and the lowest estimate coming in at $97.79 million. On Deck Capital reported sales of $83.67 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.6%. The company is expected to report its next earnings report on Monday, November 5th.

On average, analysts expect that On Deck Capital will report full-year sales of $384.67 million for the current year, with estimates ranging from $383.00 million to $385.61 million. For the next fiscal year, analysts expect that the firm will report sales of $431.34 million, with estimates ranging from $428.47 million to $435.88 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow On Deck Capital.

On Deck Capital (NYSE:ONDK) last released its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.15. The firm had revenue of $95.62 million during the quarter, compared to analyst estimates of $88.53 million. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%.

A number of analysts have recently weighed in on ONDK shares. Stephens started coverage on On Deck Capital in a research note on Monday, June 18th. They set a “weight” rating for the company. Morgan Stanley lowered On Deck Capital from an “equal weight” rating to an “underweight” rating and set a $5.50 price objective for the company. in a research note on Thursday, July 19th. ValuEngine lowered On Deck Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, August 7th. BTIG Research lowered On Deck Capital from a “neutral” rating to a “sell” rating in a research note on Tuesday, August 14th. Finally, Zacks Investment Research raised On Deck Capital from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, August 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.43.

A number of hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in On Deck Capital in the second quarter worth $118,000. MetLife Investment Advisors LLC lifted its stake in On Deck Capital by 431.0% in the second quarter. MetLife Investment Advisors LLC now owns 25,436 shares of the credit services provider’s stock worth $178,000 after acquiring an additional 20,646 shares during the period. Fox Run Management L.L.C. purchased a new stake in On Deck Capital in the second quarter worth $158,000. California Public Employees Retirement System purchased a new stake in On Deck Capital in the first quarter worth $145,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in On Deck Capital by 13.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 213,528 shares of the credit services provider’s stock worth $1,194,000 after acquiring an additional 26,084 shares during the period. 77.10% of the stock is owned by institutional investors.

Shares of NYSE:ONDK traded up $0.07 during trading on Monday, reaching $7.04. 627,800 shares of the company traded hands, compared to its average volume of 528,799. The firm has a market cap of $565.11 million, a PE ratio of -43.81 and a beta of 1.63. On Deck Capital has a 52-week low of $4.11 and a 52-week high of $9.41. The company has a debt-to-equity ratio of 2.72, a quick ratio of 26.85 and a current ratio of 26.85.

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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Earnings History and Estimates for On Deck Capital (NYSE:ONDK)

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