$0.47 EPS Expected for Newtek Business Services Corp. (NEWT)

October 11, 2018 - By Carolyn Hewitt

Newtek Business Services Corp. (NASDAQ:NEWT) LogoInvestors sentiment decreased to 0.96 in Q2 2018. Its down 0.36, from 1.32 in 2018Q1. It dropped, as 12 investors sold Newtek Business Services Corp. shares while 12 reduced holdings. 8 funds opened positions while 15 raised stakes. 3.46 million shares or 0.37% less from 3.48 million shares in 2018Q1 were reported.
Guggenheim Cap Ltd Llc reported 62,903 shares or 0.01% of all its holdings. Advsr Asset Management owns 440,964 shares or 0.15% of their US portfolio. Private Advisor Grp Ltd Liability Company has 0.01% invested in Newtek Business Services Corp. (NASDAQ:NEWT). Bancshares Of America Corp De owns 10,881 shares. Jpmorgan Chase & Com invested 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). California Employees Retirement System holds 0% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT) for 56,934 shares. Peak6 Invs L P has invested 0% in Newtek Business Services Corp. (NASDAQ:NEWT). Moreover, Public Employees Retirement Systems Of Ohio has 0.01% invested in Newtek Business Services Corp. (NASDAQ:NEWT). Raymond James reported 82,764 shares. Manufacturers Life Insur The owns 1,112 shares. Gsa Cap Llp has 21,603 shares for 0.02% of their portfolio. Opus Capital Group Ltd Liability Corp reported 0.58% of its portfolio in Newtek Business Services Corp. (NASDAQ:NEWT). Mckinley Mgmt Limited Delaware accumulated 156,019 shares. Advisory Inc reported 63,699 shares stake. Wells Fargo Mn has invested 0% in Newtek Business Services Corp. (NASDAQ:NEWT).

Analysts expect Newtek Business Services Corp. (NASDAQ:NEWT) to report $0.47 EPS on November, 7.They anticipate $0.54 EPS change or 771.43 % from last quarter’s $-0.07 EPS. NEWT’s profit would be $8.83 million giving it 9.91 P/E if the $0.47 EPS is correct. After having $0.44 EPS previously, Newtek Business Services Corp.’s analysts see 6.82 % EPS growth. The stock decreased 3.42% or $0.66 during the last trading session, reaching $18.64. About 323,651 shares traded or 163.92% up from the average. Newtek Business Services Corp. (NASDAQ:NEWT) has risen 31.57% since October 11, 2017 and is uptrending. It has outperformed by 15.95% the S&P500.

Newtek Business Services Corp. (NASDAQ:NEWT) Ratings Coverage

Among 2 analysts covering Newtek Business Services (NASDAQ:NEWT), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Newtek Business Services had 4 analyst reports since June 5, 2018 according to SRatingsIntel. The stock has “Market Perform” rating by Raymond James on Thursday, September 27. The rating was downgraded by Raymond James to “Underperform” on Tuesday, August 28. The stock of Newtek Business Services Corp. (NASDAQ:NEWT) earned “Market Perform” rating by Raymond James on Tuesday, June 5.

Newtek Business Services Corp. is a business development firm specializing in providing financial and business services to the small-and medium-sized business market in the United States. The company has market cap of $350.29 million. The firm also seeks to invest in early stage businesses. It has a 8.1 P/E ratio. The firm seeks to makes both debt and equity investments.

More news for Newtek Business Services Corp. (NASDAQ:NEWT) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For September 27, 2018” on September 27, 2018. Nasdaq.com‘s article titled: “Newtek Business Services Corp. Reconfirms 2018 Annual Dividend Forecast of $1.80 per Share” and published on October 10, 2018 is yet another important article.

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