NEWTEK Business Services (NASDAQ:NEWT) posted its quarterly earnings results on Wednesday. The business services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03, Fidelity Earnings reports. The company had revenue of $12.39 million for the quarter, compared to analysts’ expectations of $11.85 million. NEWTEK Business Services had a net margin of 105.34% and a return on equity of 8.86%.
NEWT stock traded down $0.27 during midday trading on Friday, reaching $20.36. 60,517 shares of the company’s stock traded hands, compared to its average volume of 208,717. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.31 and a quick ratio of 0.31. NEWTEK Business Services has a 52 week low of $16.07 and a 52 week high of $24.24. The stock has a market capitalization of $373.03 million, a price-to-earnings ratio of 11.50, a PEG ratio of 3.48 and a beta of 1.34.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Tuesday, December 18th will be issued a dividend of $0.50 per share. This is a boost from NEWTEK Business Services’s previous quarterly dividend of $0.48. The ex-dividend date is Monday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 9.83%. NEWTEK Business Services’s payout ratio is presently 108.47%.
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About NEWTEK Business Services
Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments.
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