NewtekOne (NEWT) to Release Quarterly Earnings on Monday

NewtekOne (NASDAQ:NEWT) is set to issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. NewtekOne has set its FY 2024 guidance at 1.800-2.000 EPS.Parties interested in registering for the company’s conference call can do so using this link.

NewtekOne (NASDAQ:NEWT) last issued its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The business had revenue of $75.60 million for the quarter, compared to analysts’ expectations of $62.99 million. NewtekOne had a net margin of 15.19% and a return on equity of 20.04%. During the same period in the previous year, the business posted $0.06 earnings per share. On average, analysts expect NewtekOne to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NewtekOne Stock Performance

Shares of NEWT opened at $11.00 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.83. The company has a market capitalization of $282.04 million, a price-to-earnings ratio of 6.79 and a beta of 1.25. The stock has a 50 day moving average of $11.22 and a 200 day moving average of $12.62. NewtekOne has a 12 month low of $10.07 and a 12 month high of $19.36.

NewtekOne Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.91%. This is an increase from NewtekOne’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 28th. NewtekOne’s dividend payout ratio (DPR) is presently 46.91%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NEWT shares. StockNews.com downgraded NewtekOne from a “hold” rating to a “sell” rating in a research report on Friday. B. Riley reissued a “buy” rating and issued a $18.00 target price (down from $19.00) on shares of NewtekOne in a research report on Thursday, March 7th. Keefe, Bruyette & Woods decreased their target price on NewtekOne from $16.00 to $13.00 and set a “market perform” rating for the company in a research report on Wednesday, March 20th. Finally, Piper Sandler decreased their target price on NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, NewtekOne presently has an average rating of “Hold” and a consensus price target of $14.50.

NewtekOne Company Profile

NewtekOne, Inc, a financial holding company, provides a range of business and financial solutions to the small- and medium-sized business market. Its business and financial solutions include banking services, business lending, electronic payment processing, ecommerce, accounts receivable financing and inventory financing, insurance solutions, web services, and payroll and benefits solutions, as well as technology solutions, including cloud computing, data backup, storage, retrieval, and IT consulting.