NEWTEK Business Services (NASDAQ:NEWT) issued its earnings results on Wednesday. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03, Fidelity Earnings reports. The company had revenue of $12.39 million during the quarter, compared to analyst estimates of $11.85 million. NEWTEK Business Services had a net margin of 105.34% and a return on equity of 8.86%.
Shares of NEWTEK Business Services stock traded down $0.25 during midday trading on Friday, reaching $20.37. 1,025 shares of the company’s stock traded hands, compared to its average volume of 208,717. The company has a market capitalization of $373.03 million, a P/E ratio of 11.56, a P/E/G ratio of 3.48 and a beta of 1.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.28. NEWTEK Business Services has a 52 week low of $16.07 and a 52 week high of $24.24.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.82%. This is an increase from NEWTEK Business Services’s previous quarterly dividend of $0.48. NEWTEK Business Services’s dividend payout ratio (DPR) is currently 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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