NewtekOne (NASDAQ:NEWT) Releases FY 2024 Earnings Guidance

NewtekOne (NASDAQ:NEWT - Get Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 1.850-2.050 for the period, compared to the consensus estimate of 1.840. The company issued revenue guidance of -.

NewtekOne Trading Down 0.7 %

Shares of NEWT stock traded down $0.08 on Monday, hitting $11.08. 136,430 shares of the stock traded hands, compared to its average volume of 138,434. NewtekOne has a twelve month low of $10.07 and a twelve month high of $19.36. The stock has a market capitalization of $284.07 million, a PE ratio of 6.84 and a beta of 1.23. The firm's 50-day moving average price is $11.19 and its two-hundred day moving average price is $12.51. The company has a debt-to-equity ratio of 4.83, a quick ratio of 1.10 and a current ratio of 1.10.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The business services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.05). The firm had revenue of $75.60 million for the quarter, compared to analyst estimates 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 prior year, the business earned $0.06 EPS. As a group, analysts anticipate that NewtekOne will post 1.83 EPS for the current year.

NewtekOne Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a dividend of $0.19 per share. This is a boost from NewtekOne's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.76 annualized dividend and a yield of 6.86%. NewtekOne's dividend payout ratio (DPR) is 46.91%.

Analyst Ratings Changes

Several research firms have issued reports on NEWT. Keefe, Bruyette & Woods cut their target price on NewtekOne from $16.00 to $13.00 and set a market perform rating for the company in a research note on Wednesday, March 20th. Piper Sandler cut their target price on 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 cut NewtekOne from a hold rating to a sell rating in a research note on Friday, April 26th. Finally, B. Riley reaffirmed a buy rating and issued a $18.00 price objective (down from $19.00) on shares of NewtekOne in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price 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.