NewtekOne (NASDAQ:NEWT) Updates FY 2025 Earnings Guidance

Key Points

• NewtekOne has issued FY 2025 earnings guidance with an EPS range of 2.100-2.500, surpassing the consensus estimate of 2.238.
• As of Monday, the stock is trading at $11.82, showing an increase with 292,975 shares changing hands, well above its average volume.
• The company recently declared a quarterly dividend of $0.19 per share, resulting in an annualized dividend yield of 6.43%.

NewtekOne (NASDAQ:NEWT - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 2.100-2.500 for the period, compared to the consensus EPS estimate of 2.238. The company issued revenue guidance of -.

NewtekOne Stock Performance

Shares of NEWT traded down $0.19 on Friday, reaching $11.25. 118,892 shares of the stock traded hands, compared to its average volume of 224,934. The firm has a market cap of $296.35 million, a price-to-earnings ratio of 5.59 and a beta of 1.21. The company has a debt-to-equity ratio of 6.16, a current ratio of 0.72 and a quick ratio of 0.72. NewtekOne has a 12 month low of $9.12 and a 12 month high of $15.49. The stock's 50-day moving average price is $11.19 and its 200-day moving average price is $11.58.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings results on Monday, July 28th. The business services provider reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.02. NewtekOne had a return on equity of 19.48% and a net margin of 14.65%. The firm had revenue of $70.20 million for the quarter, compared to analysts' expectations of $73.88 million. Equities analysts forecast that NewtekOne will post 1.93 EPS for the current fiscal year.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Wednesday, July 9th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 6.8%. The ex-dividend date was Wednesday, July 9th. NewtekOne's dividend payout ratio is presently 37.81%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NEWT. Piper Sandler upped their price target on NewtekOne from $11.50 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday. Keefe, Bruyette & Woods cut their price target on NewtekOne from $13.00 to $12.00 and set a "market perform" rating on the stock in a research note on Friday, July 11th.

Insider Activity

In other news, CEO Barry Sloane acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was acquired at an average cost of $10.86 per share, for a total transaction of $108,600.00. Following the completion of the acquisition, the chief executive officer owned 1,200,459 shares in the company, valued at $13,036,984.74. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought 36,500 shares of company stock worth $406,175 in the last ninety days. 6.50% of the stock is currently owned by company insiders.

Institutional Trading of NewtekOne

Several hedge funds have recently added to or reduced their stakes in NEWT. Royal Bank of Canada lifted its holdings in NewtekOne by 33.4% during the 1st quarter. Royal Bank of Canada now owns 23,639 shares of the business services provider's stock worth $282,000 after purchasing an additional 5,916 shares during the last quarter. Jane Street Group LLC raised its holdings in NewtekOne by 24.7% in the 1st quarter. Jane Street Group LLC now owns 36,676 shares of the business services provider's stock valued at $439,000 after acquiring an additional 7,274 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in NewtekOne by 306.4% in the 1st quarter. AQR Capital Management LLC now owns 168,269 shares of the business services provider's stock valued at $2,012,000 after acquiring an additional 126,865 shares in the last quarter. 38.35% of the stock is owned by institutional investors and hedge funds.

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.