On Deck Capital (ONDK) Releases Quarterly Earnings Results, Beats Expectations By $0.11 EPS

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On Deck Capital (NYSE:ONDK) announced its quarterly earnings data on Tuesday. The credit services provider reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.11, MarketWatch Earnings reports. On Deck Capital had a return on equity of 4.25% and a net margin of 1.37%. The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $98.32 million. During the same period last year, the company earned ($0.01) earnings per share. On Deck Capital’s quarterly revenue was up 23.1% compared to the same quarter last year. On Deck Capital updated its FY 2018 guidance to EPS.

NYSE ONDK traded down $0.69 during trading on Wednesday, hitting $8.20. 25,334 shares of the company traded hands, compared to its average volume of 511,967. On Deck Capital has a 12 month low of $4.11 and a 12 month high of $9.41. The company has a debt-to-equity ratio of 2.72, a current ratio of 26.85 and a quick ratio of 26.85. The firm has a market cap of $518.08 million, a P/E ratio of -50.53 and a beta of 1.54.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of On Deck Capital in the second quarter worth about $118,000. IFG Advisory LLC bought a new position in shares of On Deck Capital in the third quarter worth about $118,000. California Public Employees Retirement System bought a new position in shares of On Deck Capital in the first quarter worth about $145,000. Fox Run Management L.L.C. bought a new position in shares of On Deck Capital in the second quarter worth about $158,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of 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 purchasing an additional 20,646 shares during the period. Institutional investors own 78.62% of the company’s stock.

Several equities analysts have weighed in on the company. B. Riley restated a “buy” rating on shares of On Deck Capital in a report on Wednesday. ValuEngine upgraded On Deck Capital from a “hold” rating to a “buy” rating in a report on Tuesday. Janney Montgomery Scott set a $12.00 target price on On Deck Capital and gave the company a “buy” rating in a report on Tuesday. Stephens restated a “hold” rating and set a $8.00 target price on shares of On Deck Capital in a report on Wednesday, August 8th. Finally, BTIG Research lowered On Deck Capital from a “neutral” rating to a “sell” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $8.88.

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About On Deck Capital

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 for On Deck Capital (NYSE:ONDK)

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