NewtekOne (NEWT) Scheduled to Post Quarterly Earnings on Wednesday

NewtekOne (NASDAQ:NEWT) will be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect NewtekOne to post earnings of $0.41 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

NewtekOne (NASDAQ:NEWT) last announced its earnings results on Monday, August 5th. The business services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The company had revenue of $81.37 million for the quarter, compared to analyst estimates of $59.68 million. During the same quarter in the previous year, the company earned $0.26 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 Down 1.2 %

NASDAQ:NEWT opened at $13.40 on Wednesday. NewtekOne has a 52 week low of $10.07 and a 52 week high of $15.75. The stock’s fifty day moving average is $12.39 and its two-hundred day moving average is $12.62. The stock has a market capitalization of $347.86 million, a price-to-earnings ratio of 7.83 and a beta of 1.30. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 4.96.

NewtekOne Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Thursday, October 10th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.67%. The ex-dividend date was Thursday, October 10th. NewtekOne’s payout ratio is 44.19%.

Insiders Place Their Bets

In related news, CEO Barry Sloane purchased 40,134 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were bought at an average price of $11.75 per share, for a total transaction of $471,574.50. Following the acquisition, the chief executive officer now directly owns 1,187,457 shares in the company, valued at $13,952,619.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders acquired a total of 48,283 shares of company stock worth $569,472 over the last 90 days. Corporate insiders own 6.50% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley downgraded NewtekOne from a “buy” rating to a “neutral” rating and dropped their target price for the company from $16.00 to $13.00 in a research report on Wednesday, September 4th.

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.