NEWTEK Business Services (NASDAQ:NEWT) released its earnings results on Wednesday. The business services provider reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03, Fidelity Earnings reports. NEWTEK Business Services had a return on equity of 8.86% and a net margin of 105.34%.
Shares of NEWTEK Business Services stock traded up $1.19 during trading on Thursday, hitting $20.62. 222,210 shares of the stock traded hands, compared to its average volume of 208,717. The firm has a market cap of $373.03 million, a price-to-earnings ratio of 11.65, a P/E/G ratio of 3.48 and a beta of 1.34. 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 twelve month low of $16.07 and a twelve month high of $24.24.
The company 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. This represents a $2.00 annualized dividend and a dividend yield of 9.70%. This is a positive change from NEWTEK Business Services’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, December 17th. NEWTEK Business Services’s payout ratio is currently 108.47%.
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NEWTEK Business Services Company Profile
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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