NewtekOne (NASDAQ:NEWT) Releases FY 2024 Earnings Guidance

NewtekOne (NASDAQ:NEWTGet Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.800-2.000 for the period, compared to the consensus estimate of 1.840. The company issued revenue guidance of -.

NewtekOne Price Performance

NASDAQ NEWT opened at $11.56 on Friday. The business’s fifty day moving average is $12.10 and its two-hundred day moving average is $13.85. The company has a debt-to-equity ratio of 5.22, a quick ratio of 1.98 and a current ratio of 1.98. NewtekOne has a 1 year low of $10.75 and a 1 year high of $19.36. The stock has a market capitalization of $284.95 million, a P/E ratio of 7.14 and a beta of 1.25.

NewtekOne (NASDAQ:NEWTGet Free Report) last announced its earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.05). NewtekOne had a net margin of 15.19% and a return on equity of 20.71%. The firm had revenue of $75.60 million for the quarter, compared to analyst estimates of $62.99 million. During the same period last year, the firm earned $0.06 earnings per share. On average, research analysts forecast that NewtekOne will post 1.85 earnings per share for the current fiscal year.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.23%. The ex-dividend date was Thursday, December 28th. NewtekOne’s dividend payout ratio (DPR) is presently 44.44%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NEWT shares. B. Riley reaffirmed a buy rating and issued a $18.00 price target (down from $19.00) on shares of NewtekOne in a research note on Thursday. Keefe, Bruyette & Woods dropped their price target on shares of NewtekOne from $17.00 to $16.00 and set a market perform rating on the stock in a research note on Thursday.

View Our Latest Analysis on NewtekOne

Insider Buying and Selling

In other NewtekOne news, CEO Barry Sloane acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was purchased at an average cost of $13.45 per share, for a total transaction of $40,350.00. Following the completion of the acquisition, the chief executive officer now owns 1,140,280 shares of the company’s stock, valued at approximately $15,336,766. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 2,250 shares of company stock worth $28,785. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On NewtekOne

A number of large investors have recently bought and sold shares of NEWT. Clear Street Markets LLC bought a new stake in NewtekOne during the fourth quarter valued at about $27,000. Ameritas Investment Partners Inc. bought a new stake in NewtekOne during the second quarter valued at about $31,000. Royal Bank of Canada boosted its holdings in NewtekOne by 1,166.7% during the first quarter. Royal Bank of Canada now owns 2,166 shares of the business services provider’s stock valued at $58,000 after acquiring an additional 1,995 shares during the period. Money Concepts Capital Corp bought a new stake in NewtekOne during the fourth quarter valued at about $62,000. Finally, Comerica Bank bought a new stake in NewtekOne during the third quarter valued at about $66,000. 36.13% of the stock is currently owned by institutional investors.

NewtekOne Company Profile

(Get Free Report)

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.

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