newtek business services inc
(NEWT:NASDAQ CM)
newtek business services inc (NEWT) Snapshot
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Open
$2.16
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Previous Close
$2.15
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Day High
$2.21
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Day Low
$2.13
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52 Week High
05/20/13 - $2.25
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52 Week Low
06/28/12 - $1.14
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Market Cap
79.8M
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Average Volume 10 Days
61.9K
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EPS TTM
$0.19
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Shares Outstanding
37.0M
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EX-Date
11/23/09
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P/E TM
11.4x
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Dividend
--
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Dividend Yield
--
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Related News
newtek business services inc (NEWT) Related Businessweek News
No Related Businessweek News Foundnewtek business services inc (NEWT) Details
Newtek Business Services, Inc., doing business as The Small Business Authority, provides financial and business services to the small- and medium-sized business market in the United States. It offers electronic payment processing services, which include marketing of credit and debit card processing services, check approval services, and ancillary processing equipment and software to merchants who accept credit cards, debit cards, checks, and other non-cash forms of payment. The company also provides ecommerce services, such as payment processing, online shopping cart tools, Website design, Web hosting, and Web related services; and managed technology solutions comprising shared and dedicated Web hosting, data storage and backup services, cloud computing plans, and related services. In addition, it originates small business administration loans, and offers accounts receivable financing and other lending products to small businesses for the purpose of acquiring commercial real estate, machinery, equipment, and inventory; and to refinance debt and fund franchises, and working capital and business acquisitions, as well as provides off-site data backup, storage, and retrieval services. Further, the company offers Newtek Advantage, a mobile real-time operating platform that enables a business to access data on a smartphone, tablet, laptop, or PC for ecommerce, credit/debit transactions, Website statistics, payroll, insurance, and business loans applications; personal, commercial, and health/benefits lines insurance products; accounts receivable financing, billing, and accounts receivable maintenance services; and payroll management processing and employee tax filing services. It has strategic alliances with American International Group, E-Insure, Credit Union National Association, Pershing, and others to provide agent services to small business clients. Newtek Business Services, Inc. was founded in 1998 and is headquartered in New York, New York.
newtek business services inc (NEWT) Top Compensated Officers
newtek business services inc (NEWT) Key Developments
Newtek Business Services Inc. reported un-audited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported pretax income was $2.2 million an increase of $569,000 or 34.8%, from $1.6 million in the first quarter of 2012. Net income attributable to the company was $1.5 million an increase of $433,000, or 42.5%, from $1.0 million in the first quarter of 2012. Modified EBITDA was $4.4 million an increase of $1.3 million, or 41.9%, from $3.1 million in the first quarter of 2012. Diluted earnings per share were $0.04, a 33.3% increase over $0.03 per share in the first quarter of 2012. Operating revenues were $34.1 million, an increase of $3.4 million, or 11.1%, from $30.7 million in the first quarter of 2012. The company re-affirmed earnings guidance for the year 2013. For the year, diluted EPS midpoint is forecast at $0.18 per share, with a range of $0.17 and $0.19, which represents an increase of 20.0% over 2012 diluted EPS. Revenue midpoint is forecast at $148.2 million, with a range of $145.1 million and $151.2 million, which represents an increase of 12.1% over 2012 revenue. Pretax income midpoint is forecast at $11.5 million, with a range of $10.0 million and $13.0 million, which represents an increase of 22.3% over 2012 pretax income. Modified EBITDA midpoint is forecast at $20.9 million, with a range of $19.3 million and $22.4 million, which represents an increase of 26.7% over 2012 modified EBITDA.
Newtek Business Services Inc., Q1 2013 Earnings Call, May 08, 2013
Newtek Business Services Inc. announced that they will report Q1, 2013 results at 4:15 PM, Eastern Standard Time on May 08, 2013
| Recently Viewed | |||
| NEWT:US | $2.16 USD | +0.01 |  |
| Company | Last | Change |
| Heartland Payment Systems Inc | $31.55 USD | -0.39 |
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Industry Analysis
NEWT
Industry Average
| Valuation | NEWT | Industry Range |
| Price/Earnings | 13.4x |
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| Price/Sales | 0.6x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 8.9x |
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| TEV/Sales | NM | Not Meaningful |
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