NewtekOne (NEWT) Set to Announce Quarterly Earnings on Wednesday

NewtekOne (NASDAQ:NEWT - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect NewtekOne to post earnings of $0.41 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

NewtekOne (NASDAQ:NEWT - Get Free Report) last announced its quarterly earnings data on Monday, August 5th. The business services provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $81.37 million during the quarter, compared to analyst estimates of $59.68 million. NewtekOne had a return on equity of 18.99% and a net margin of 14.94%. During the same quarter last 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 Stock Down 0.4 %

Shares of NewtekOne stock traded down $0.05 during trading on Wednesday, hitting $13.35. The company's stock had a trading volume of 91,867 shares, compared to its average volume of 157,128. NewtekOne has a 52 week low of $10.07 and a 52 week high of $15.75. The company has a debt-to-equity ratio of 4.96, a quick ratio of 1.42 and a current ratio of 1.42. The company has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $12.64. The company has a market capitalization of $346.62 million, a PE ratio of 7.87 and a beta of 1.30.

NewtekOne Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Thursday, October 10th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a $0.76 annualized dividend and a dividend yield of 5.69%. NewtekOne's payout ratio is 44.19%.

Wall Street Analysts Forecast Growth

Separately, B. Riley downgraded NewtekOne from a "buy" rating to a "neutral" rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Wednesday, September 4th.

Insider Transactions at NewtekOne

In other NewtekOne news, CEO Barry Sloane bought 40,134 shares of the business's stock in a transaction on Monday, September 23rd. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $471,574.50. Following the purchase, the chief executive officer now owns 1,187,457 shares in the company, valued at approximately $13,952,619.75. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 48,283 shares of company stock worth $569,472. Corporate 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.