Media coverage about NEWTEK Business Services (NASDAQ:NEWT) has trended positive on Wednesday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. NEWTEK Business Services earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.3409877037562 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of NEWTEK Business Services (NASDAQ:NEWT) opened at $18.83 on Wednesday. The company has a market capitalization of $343.12, a price-to-earnings ratio of 8.37, a P/E/G ratio of 3.23 and a beta of 1.19. NEWTEK Business Services has a fifty-two week low of $15.68 and a fifty-two week high of $19.40. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.26.
NEWTEK Business Services (NASDAQ:NEWT) last issued its quarterly earnings results on Monday, March 5th. The business services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.04). The business had revenue of $10.42 million for the quarter, compared to the consensus estimate of $10.08 million. NEWTEK Business Services had a return on equity of 8.63% and a net margin of 107.74%. analysts anticipate that NEWTEK Business Services will post 1.92 EPS for the current fiscal year.
A number of research firms have recently weighed in on NEWT. BidaskClub upgraded NEWTEK Business Services from a “sell” rating to a “hold” rating in a report on Friday, March 9th. Keefe, Bruyette & Woods set a $19.00 target price on NEWTEK Business Services and gave the company a “hold” rating in a report on Tuesday, March 6th. Finally, Zacks Investment Research upgraded NEWTEK Business Services from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. NEWTEK Business Services presently has an average rating of “Hold” and a consensus target price of $19.00.
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NEWTEK Business Services Company Profile
Newtek Business Services Corp. is an internally managed non-diversified closed-end management investment company. The Company’s investment objective is to generate both current income and capital appreciation primarily through loans originated by its small business finance platform and its equity investments in certain portfolio companies that it controls.
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