NEWTEK Business Services (NASDAQ:NEWT) released its earnings results on Monday, March 5th. The business services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.04), Yahoo Finance reports. NEWTEK Business Services had a return on equity of 8.63% and a net margin of 107.74%. The company had revenue of $10.42 million for the quarter, compared to analysts’ expectations of $10.08 million.
NEWTEK Business Services (NASDAQ NEWT) traded up $0.01 on Wednesday, hitting $18.84. 18,597 shares of the company traded hands, compared to its average volume of 130,104. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.42 and a current ratio of 0.42. NEWTEK Business Services has a 1 year low of $15.68 and a 1 year high of $19.40. The firm has a market cap of $343.12, a PE ratio of 8.37, a P/E/G ratio of 3.23 and a beta of 1.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Tuesday, March 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 8.49%. The ex-dividend date is Monday, March 19th. NEWTEK Business Services’s payout ratio is 78.22%.
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About NEWTEK Business Services
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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