NewtekOne (NEWT) Scheduled to Post Earnings on Wednesday

NewtekOne (NASDAQ:NEWT) will be issuing its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

NewtekOne (NASDAQ:NEWT) last released its quarterly earnings results on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. The business had revenue of $81.37 million for the quarter, compared to analysts’ expectations of $59.68 million. During the same quarter in the previous year, the firm posted $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 Price Performance

Shares of NASDAQ NEWT opened at $12.91 on Tuesday. 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 has a fifty-two week low of $10.07 and a fifty-two week high of $15.65. The business has a 50 day moving average price of $12.44 and a two-hundred day moving average price of $12.70. The firm has a market cap of $335.20 million, a PE ratio of 7.51 and a beta of 1.29.

NewtekOne Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date was Thursday, October 10th. NewtekOne’s payout ratio is currently 44.19%.

Analyst Ratings Changes

Separately, B. Riley downgraded shares of NewtekOne from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $16.00 to $13.00 in a research note on Wednesday, September 4th.

Insiders Place Their Bets

In other news, CEO Barry Sloane acquired 6,649 shares of NewtekOne stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $12.13 per share, for a total transaction of $80,652.37. Following the completion of the purchase, the chief executive officer now directly owns 1,147,323 shares of the company’s stock, valued at $13,917,027.99. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 48,283 shares of company stock valued at $569,472 in the last quarter. Insiders own 6.50% of the company’s stock.

About NewtekOne

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.