Analysts Anticipate On Deck Capital, Inc. (ONDK) Will Announce Quarterly Sales of $87.07 Million

Wall Street brokerages predict that On Deck Capital, Inc. (NYSE:ONDK) will announce $87.07 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for On Deck Capital’s earnings, with the lowest sales estimate coming in at $85.46 million and the highest estimate coming in at $88.25 million. On Deck Capital reported sales of $81.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The firm is expected to report its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that On Deck Capital will report full-year sales of $87.07 million for the current fiscal year, with estimates ranging from $348.67 million to $351.45 million. For the next year, analysts forecast that the firm will report sales of $388.63 million per share, with estimates ranging from $360.14 million to $428.02 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for On Deck Capital.

On Deck Capital (NYSE:ONDK) last announced its quarterly earnings data on Monday, November 6th. The credit services provider reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.04). The company had revenue of $83.67 million for the quarter, compared to analysts’ expectations of $84.49 million. On Deck Capital had a negative return on equity of 20.13% and a negative net margin of 15.21%. The company’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share.

Several research analysts have recently weighed in on ONDK shares. Zacks Investment Research upgraded shares of On Deck Capital from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Stifel Nicolaus increased their target price on shares of On Deck Capital from $5.00 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, November 7th. BidaskClub raised shares of On Deck Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. BTIG Research reissued a “hold” rating on shares of On Deck Capital in a research report on Tuesday, November 7th. Finally, Canaccord Genuity reissued a “hold” rating and set a $5.00 target price on shares of On Deck Capital in a research report on Sunday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.20.

In other On Deck Capital news, CEO Noah Breslow bought 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was purchased at an average price of $4.94 per share, with a total value of $59,280.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 25.40% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of ONDK. 683 Capital Management LLC acquired a new stake in On Deck Capital during the 3rd quarter worth approximately $9,340,000. Dimensional Fund Advisors LP increased its position in On Deck Capital by 110.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 841,861 shares of the credit services provider’s stock worth $3,932,000 after purchasing an additional 442,475 shares in the last quarter. Rothschild Capital Partners LLC acquired a new stake in On Deck Capital during the 3rd quarter worth approximately $445,000. TIAA CREF Investment Management LLC increased its position in On Deck Capital by 39.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 318,236 shares of the credit services provider’s stock worth $1,483,000 after purchasing an additional 90,760 shares in the last quarter. Finally, State Street Corp increased its position in On Deck Capital by 10.6% during the 2nd quarter. State Street Corp now owns 814,082 shares of the credit services provider’s stock worth $3,794,000 after purchasing an additional 78,345 shares in the last quarter. 56.55% of the stock is owned by hedge funds and other institutional investors.

Shares of On Deck Capital (NYSE ONDK) traded down $0.12 during mid-day trading on Tuesday, hitting $5.36. 509,900 shares of the stock traded hands, compared to its average volume of 497,978. The stock has a market cap of $394.68, a price-to-earnings ratio of -7.34 and a beta of 2.41. On Deck Capital has a 1-year low of $3.29 and a 1-year high of $6.36. The company has a debt-to-equity ratio of 2.78, a quick ratio of 26.96 and a current ratio of 26.95.

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About On Deck Capital

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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