NEWT

Newtek Business Services Corp. [NEWT] Stock Forecast

Q: What is Newtek Business Services Corp. stock symbol ?

Newtek Business Services Corp. is a US stock, located in Boca raton of Fl and trading under the symbol NEWT

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NEWT Stock Summary

Earnings are expected to fall -36.25% next year

Unstable dividend track record

EPS has been decreasing for the past 3 quarters (Quarter statements)

NEWT's dividend payments are not well covered by cash flows due to its high cash payout ratio (265.23%).

NEWT has less than 1 year of cash runway

Debt-to-Equity ratio of 1.66 is considered moderate, deeper research suggested.

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In the News

03:56 25 Mar 2023 NEWT

NewtekOne's Business Model: Deep Dive On The Engine's Mechanics

NewtekOne's business model is still deeply misunderstood, judging by the confusion present in comments and discourse on Seeking Alpha. I write this article to set the discourse straight. NewtekOne originates SBA 7(a) and 504 loans, and sells the government guarantee portion at a substantial premium.

03:07 25 Mar 2023 NEWT

Newtek Business Services Corp. (NEWT) Q4 2022 Earnings Call Transcript

Newtek Business Services Corp. (NASDAQ:NEWT ) Q4 2022 Earnings Conference Call February 28, 2023 8:30 AM ET Company Participants Barry Sloane - Chairman, President and CEO Nicholas Leger - EVP and Chief Accounting Officer Conference Call Participants Crispin Love - Piper Sandler Paul Johnson - KBW Scott Sullivan - Raymond James Bryce Rowe - B. Riley Financial FBR Operator Good day and thank you for standing by.

08:19 25 Mar 2023 NEWT

Newtek (NEWT) Misses Q4 Earnings and Revenue Estimates

Newtek (NEWT) delivered earnings and revenue surprises of -90% and 11.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

02:16 25 Mar 2023 NEWT

NewtekOne's Wings Will Likely Let Shareholders Soar

Much discourse still centers on NewtekOne as an income investment. I think the market is way behind the curve. I write this article to set the record straight. NewtekOne has always been in practice a bank and business solutions company but spent the last few years with a BDC wrapper.

08:30 25 Mar 2023 NEWT

NewtekOne, Inc. to Report Fourth Quarter and Full Year 2022 Financial Results on Monday, February 27, 2023 After the Market Closes

BOCA RATON, Fla., Feb. 08, 2023 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that it will report its fourth quarter and full year 2022 financial results after the market closes on Monday, February 27, 2023. A conference call to discuss these results will be hosted by Barry Sloane, Chief Executive Officer, and Nicholas Leger, Chief Accounting Officer, the following day, Tuesday, February 28, 2023 at 8:30 am ET.

07:00 25 Mar 2023 NEWT

Newtek Business Services: All In

Newtek has bounced off $15 for months and remains in the distressed territory. We've finally obtained detailed insight into the bank conversion slated for this month.

09:20 25 Mar 2023 NEWT

Newtek Business Services Corp. to Hold Investor Conference Call on Wednesday, January 18, 2023 at 8:30 am ET to Discuss the Company's NewtekOne® Rebranding Strategy and the Relaunch and Redesign of the Corporate Website

Will Provide Demonstration of the Newtek Advantage™ Will Provide Demonstration of the Newtek Advantage™

09:47 25 Mar 2023 NEWT

Is the Options Market Predicting a Spike in Newtek Business Services (NEWT) Stock?

Investors need to pay close attention to Newtek Business Services (NEWT) stock based on the movements in the options market lately.

07:20 25 Mar 2023 NEWT

Newtek Business Services Corp. (NEWT) Investor Conference Call Transcript

Newtek Business Services Corp. (NASDAQ:NEWT ) Investor Conference Call December 14, 2022 8:30 AM ET Company Participants Barry Sloane - Chairman, President and Chief Executive Officer Nicholas Leger - Executive Vice President and Chief Accounting Officer John McCaffery - Senior Vice President of Accounting and Finance Conference Call Participants Adam Morton - RBC Capital Markets, LLC Christopher Nolan - Ladenburg Thalmann & Co. Inc. Robert Dodd - Raymond James & Associates, Inc. Scott Sullivan - Raymond James & Associates, Inc. Timothy Switzer - Keefe, Bruyette & Woods, Inc. Marc Silk - Silk Investment Advisers Operator Good day, and thank you for standing by. Welcome to the Newtek Investor Conference Call.

03:53 25 Mar 2023 NEWT

Newtek Business Services: Impending Bank Acquisition A Major Tailwind To Future Growth

Due to the financial ramifications of the NBNYC acquisition, NEWT has been on a precipitous decline over the past year. The acquisition is nearly over, and the company is showing signs of recovery now that it is no longer spending so much money on the transaction.

NEWT Financial details

Company Rating

Buy

Market Cap

280.89M

Income

21.15M

Revenue

88.37M

Book val./share

15.37

Cash/share

2.2

Dividend

2.28

Dividend %

19.14%

Employees

104

Optionable

Shortable

Yes

Earnings

02 May 2023

P/E

6.63

Forward P/E

PEG

-0.87

P/S

2.88

P/B

37.74

P/C

5.69

P/FCF

-2.12

Quick Ratio

Current Ratio

Debt / Equity

1.66

LT Debt / Equity

1.46

EPS (TTM)

0.88

EPS next Y

EPS next Q

0.51

EPS this Y

-107.59%

EPS next Y

EPS next 5Y

205.63%

EPS last 5Y

NAN%

Revenue last 5Y

8.24%

Revenue Q/Q

58.35%

EPS Q/Q

-1158.82%

SMA20

-38.46%

SMA50

-25.4%

SMA100

-22.94%

Inst Own

100%

Inst Trans

ROA

128%

ROE

14%

ROC

Gross Margin

Oper. Margin

Profit Margin

43%

Payout

131%

Shs Outstand

24.61M

Shs Float

23.22M

Target Price

52W Range

11.19-27.89

52W High

-53.67%

52W Low

+13.73%

RSI

35.58

Rel Volume

0.52

Avg Volume

299.97K

Volume

156.05K

Perf Week

2.71%

Perf Month

-36.79%

Perf Quarter

-23.35%

Perf Half Y

-32.96%

Beta

1.34619

Volatility

0.39%, 3.31%

Prev Close

5.04%

Price

12.51

Change

2.71%

NEWT Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Revenue per share	3.78	4.26	3.28	6.16	0
Net income per share	1.91	2.13	1.59	3.69	0
Operating cash flow per share	-3.94	-4.6	0.84	6.18	0
Free cash flow per share	-3.97	-4.61	0.84	6.18	0
Cash per share	0.12	0.09	0.1	0.11	0
Book value per share	15.36	16.67	16.05	17.72	0
Tangible book value per share	15.36	16.67	16.05	17.72	0
Share holders equity per share	15.36	16.67	16.05	17.72	0
Interest debt per share	18.7	23.92	22.62	22.01	0
Market cap	326.37M	437.73M	416.36M	629.83M	0
Enterprise value	657.9M	877.8M	874.77M	1.11B	493.61M
P/E ratio	9.15	10.64	12.38	7.49	0
Price to sales ratio	4.61	5.31	6.01	4.49	0
POCF ratio	-4.43	-4.92	23.44	4.47	0
PFCF ratio	-4.39	-4.91	23.45	4.47	0
P/B Ratio	1.14	1.36	1.23	1.56	0
PTB ratio	1.14	1.36	1.23	1.56	0
EV to sales	9.29	10.66	12.62	7.9	4.69
Enterprise value over EBITDA	12.34	13.46	17.19	10.43	7.55
EV to operating cash flow	-8.93	-9.87	49.25	7.87	0
EV to free cash flow	-8.86	-9.85	49.27	7.87	0
Earnings yield	0.11	0.09	0.08	0.13	0
Free cash flow yield	-0.23	-0.2	0.04	0.22	0
Debt to equity	1.27	1.47	1.48	1.62	1.66
Debt to assets	0.56	0.6	0.6	0.62	0.62
Net debt to EBITDA	6.22	6.75	9.01	4.5	7.55
Current ratio	5.19	5.89	0	0	0
Interest coverage	0.53	0.58	0	0	0
Income quality	-2.06	-2.16	0.53	1.67	0
Dividend Yield	0.1	0.09	0.1	0.11	0
Payout ratio	0.91	0.99	1.27	0.83	0
Sales general and administrative to revenue	0.04	0.05	0.05	0.04	0.14
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	0.01	0	0	0	0
Capex to revenue	-0.01	0	0	0	0
Capex to depreciation	-1.3	-0.25	-0.02	0	0
Stock based compensation to revenue	0	0	0	0	0
Graham number	25.67	28.26	23.96	38.36	0
ROIC	0.01	0.01	0	0	0
Return on tangible assets	0.05	0.05	0.04	0.08	0.03
Graham Net	-17.59	-22.4	-21.54	-26.92	0
Working capital	62.32M	72.52M	0	0	0
Tangible asset value	287.45M	322.23M	339.35M	403.89M	375.36M
Net current asset value	-288.69M	-387.83M	-501.63M	-652.67M	-623.54M
Invested capital	1.16	1.37	1.36	1.19	1.46
Average receivables	28.32M	50M	56.49M	53.89M	25.14M
Average payables	20.94M	22.92M	24.22M	19.27M	15.57M
Average inventory	0	0	0	0	0
Days sales outstanding	236.42	239.95	309.96	127.29	4.64
Days payables outstanding	433.2	531.34	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	1.54	1.52	1.18	2.87	78.6
Payables turnover	0.84	0.69	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.12	0.13	0.1	0.21	0.09
Capex per share	-0.03	-0.01	0	0	0

Quarterly Fundamentals Overview

Last date of statement is 2022-12-31 for Q4

Metric	2021-12-31	2022-03-31	2022-06-30	2022-09-30	2022-12-31
Revenue per share	1.57	0.97	1.09	0.62	0.97
Net income per share	0.89	0.4	0.56	0.01	-0.09
Operating cash flow per share	-0.48	0.27	-2.97	-2.58	0
Free cash flow per share	-0.48	0.27	-2.97	-2.58	0
Cash per share	0.11	0.2	0.17	0	2.2
Book value per share	17.92	16.5	16.33	0.32	15.37
Tangible book value per share	17.92	16.5	16.33	0.32	15.37
Share holders equity per share	17.92	16.5	16.33	0.32	15.37
Interest debt per share	21.58	19.53	21.77	0	22.77
Market cap	622.81M	644.97M	457.29M	394.24M	396.91M
Enterprise value	1.1B	1.11B	973.22M	394.24M	890.51M
P/E ratio	7.77	16.71	8.46	480.78	-44.66
Price to sales ratio	17.64	27.39	17.43	26.4	16.79
POCF ratio	-57.79	99.56	-6.38	-6.32	0
PFCF ratio	-57.79	99.56	-6.38	-6.32	0
P/B Ratio	1.54	1.62	1.16	51.71	1.06
PTB ratio	1.54	1.62	1.16	51.71	1.06
EV to sales	31.2	47.02	37.09	26.4	37.66
Enterprise value over EBITDA	44.77	72.25	52.55	31.55	68.3
EV to operating cash flow	-102.21	170.93	-13.58	-6.32	0
EV to free cash flow	-102.21	170.93	-13.58	-6.32	0
Earnings yield	0.03	0.01	0.03	0	-0.01
Free cash flow yield	-0.02	0.01	-0.16	-0.16	0
Debt to equity	1.62	1.53	1.6	3.46	1.66
Debt to assets	0.62	0.61	0.62	0.78	0.62
Net debt to EBITDA	19.46	30.16	27.86	0	37.86
Current ratio	0	0	0	0	0
Interest coverage	0	0	0	0	0
Income quality	-0.54	0.67	-5.3	0	0
Dividend Yield	0.04	0.02	0.04	0	0
Payout ratio	1.19	1.59	1.3	0	0
Sales general and administrative to revenue	0.06	0.06	0.06	0.22	0.21
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	0	0	0	0	0
Capex to revenue	0	0	0	0	0
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0	0	0	0	0
Graham number	18.93	12.18	14.34	0.25	5.61
ROIC	0	0	0	0	0
Return on tangible assets	0.02	0.01	0.01	0.01	0
Graham Net	-27.22	-24.41	-23.51	-1.09	-23.29
Working capital	0	0	0	0	0
Tangible asset value	403.89M	398.48M	394.53M	7.62M	375.36M
Net current asset value	-652.67M	-610.83M	-631.77M	-26.35M	-623.54M
Invested capital	1.19	1.17	1.32	0	1.46
Average receivables	57.83M	35.23M	50.55M	39.78M	669K
Average payables	83.86M	11.42M	13.44M	7.49M	10.11M
Average inventory	0	0	0	0	0
Days sales outstanding	124.73	82.3	272.87	0	5.09
Days payables outstanding	0	0	0	0	0
Days of inventory on hand	0	0	0	0	0
Receivables turnover	0.72	1.09	0.33	0	17.67
Payables turnover	0	0	0	0	0
Inventory turnover	0	0	0	0	0
ROE	0.05	0.02	0.03	0.03	-0.01
Capex per share	0	0	0	0	0

NEWT Dividend History

NEWT Frequently Asked Questions

What is Newtek Business Services Corp. stock symbol ?

Newtek Business Services Corp. is a US stock , located in Boca raton of Fl and trading under the symbol NEWT

What is Newtek Business Services Corp. stock quote today ?

Newtek Business Services Corp. stock price is $12.51 today.

Is Newtek Business Services Corp. stock public?

Yes, Newtek Business Services Corp. is a publicly traded company.

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Company Profile

Volume Average 299.97K
Market Capitalization 280.89M
Employee 104
CEO Mr. Barry Scott Sloane
Headquarters Boca Raton,FL,US
IPO Date 1980-03-17
Website https://www.newtekone.com

Newtek Business Services Corp. is a business development company specializing in providing financial and business services to the small-and medium-sized business market in the United States. The firm also seeks to invest in early stage businesses. The firm seeks to makes both debt and equity investments. Under debt investments, it focuses on first lien loans, which have terms of 1 to 25 years; second lien loans, which have terms of 5 to 25 years, and unsecured loans, which are provided to meet short-term funding needs and are repaid within 6 to 12 months. It operates through Electronic Payment Processing, Managed Technology Solutions, Small Business Finance, and Capcos segments. The company originates small business administration loans for the purpose of acquiring commercial real estate, machinery, equipment, and inventory, as well as to refinance debt and fund franchises, working capital, and business acquisitions; and offers small business loan servicing and consulting services to the Federal Deposit Insurance Corporation and various other financial institutions, as well as provides management services. Its electronic payment processing services include credit and debit card processing, check approval, ancillary processing equipment and software to merchants, eCommerce, electronic solutions to accept non-cash payments, check conversion, remote deposit capture, ACH processing, and electronic gift and loyalty card programs. The company also provides Website hosting, dedicated server, and cloud hosting services; Web design and development; Internet marketing; data storage and backup and other related services; and ecommerce services, such as payment processing, online shopping cart tools, Website design and Web related services; Accounts Receivable Financing, and The Secure Gateway. In addition, it offers Newtek Advantage, a mobile, real-time operating platform enabling a business to access data on a smartphone, tablet, laptop, or PC for eCommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans. Further, the company sells personal, commercial, and health/benefits lines of insurance products; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, CTAA, Navy Federal Credit Union, Credit Union National Association, Pershing, and others to provide agent services to small business clients. The firm seeks to invest in New York and Louisiana area. The firm seeks to invest $0.3 million to $3 million in businesses. It provides small business terms loans ranging from $0.05 million to $10 million. The firm also provides account receivable financing ranging from $0.05 million to $1.5 million. It also provides $0.05 million to $10 million financing to owner occupied real estate businesses whose average net income over the last 2 years must not exceed $2.5 million. Newtek Business Services Corp.,was founded in 1998 and converted to a BDC company in 2014 and is headquartered in Boca Raton, Florida with additional offices in Lake Success, New York, Garden City, New York; Miami, Florida; Milwaukee, Wisconsin; New Orleans, Louisiana; and New York, New York.