U.S. Markets closed

Newtek Business Services Corp (NEWT) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Newtek Business Services Corp (NEWT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Newtek Business Services Corp provides business services. Its services include financial, payroll, payment, technology and insurance solutions. It is also involved in investments in early stage companies. Newtek Business Services Corp has a market cap of $378.380 million; its shares were traded at around $20.00 with a P/E ratio of 10.48 and P/S ratio of 8.22. The dividend yield of Newtek Business Services Corp stocks is 9.00%. Newtek Business Services Corp had annual average EBITDA growth of 17.20% over the past ten years.


For the last quarter Newtek Business Services Corp reported a revenue of $14.7 million, compared with the revenue of $10.42 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $49.5 million, an increase of 27.2% from last year. For the last five years Newtek Business Services Corp had an average revenue decline of 22.4% a year.

The reported diluted earnings per share was $1.91 for the year, a decline of 15.1% from the previous year. The Newtek Business Services Corp had a decent operating margin of 17.18%, compared with the operating margin of 7.87% a year before. The 10-year historical median operating margin of Newtek Business Services Corp is 6.38%. The profitability rank of the company is 3 (out of 10).

At the end of the fiscal year, Newtek Business Services Corp has the cash and cash equivalents of $2.32 million, compared with $2.46 million in the previous year. The long term debt was $331.6 million, compared with $209.3 million in the previous year. The company's operating income of cannot cover its interest payment during the last fiscal year. Newtek Business Services Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $20.00, Newtek Business Services Corp is traded at 1134.6% premium to its historical median P/S valuation band of $1.62. The P/S ratio of the stock is 8.22, while the historical median P/S ratio is 0.67. The stock gained 20.86% during the past 12 months.

For the complete 20-year historical financial data of NEWT, click here.

This article first appeared on GuruFocus.