NewtekOne (NEWT) Set to Announce Quarterly Earnings on Monday

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

NewtekOne (NASDAQ:NEWT) last issued its earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.05). The business had revenue of $75.60 million during the quarter, compared to the consensus estimate of $62.99 million. NewtekOne had a return on equity of 20.04% and a net margin of 15.19%. During the same quarter in the previous year, the firm 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 stock opened at $11.16 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 4.83. The company has a market cap of $286.14 million, a price-to-earnings ratio of 6.89 and a beta of 1.23. The firm has a 50 day moving average of $11.18 and a 200-day moving average of $12.54. NewtekOne has a 52 week low of $10.07 and a 52 week high of $19.36.

NewtekOne Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a $0.19 dividend. The ex-dividend date was Thursday, March 28th. This is an increase from NewtekOne’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 6.81%. NewtekOne’s dividend payout ratio (DPR) is currently 46.91%.

Wall Street Analyst Weigh In

A number of brokerages have commented on NEWT. Piper Sandler decreased their price target on shares of NewtekOne from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. StockNews.com lowered NewtekOne from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. B. Riley restated a “buy” rating and issued a $18.00 target price (down previously from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. Finally, Keefe, Bruyette & Woods decreased their price target 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.50.

NewtekOne Company Profile

NewtekOne, Inc operates as the bank holding company for Newtek Bank, National Association that engages in the provision of various business and financial solutions under the Newtek brand name to the small- and medium-sized business market. The company accepts demand, savings, NOW, money market, and time deposits; and provides loans including SBA loans, commercial and industrial loans, and commercial real estate loans.