Wall Street brokerages forecast that Enova International (NYSE:ENVA) will report $0.70 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Enova International’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.72. Enova International reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 55.6%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that Enova International will report full-year earnings of $2.01 per share for the current fiscal year, with EPS estimates ranging from $1.94 to $2.08. For the next financial year, analysts expect that the firm will report earnings of $2.47 per share, with EPS estimates ranging from $2.21 to $2.71. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Enova International.
Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The business had revenue of $243.69 million for the quarter, compared to analyst estimates of $230.97 million. Enova International had a net margin of 3.47% and a return on equity of 14.11%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share.
A number of analysts have recently commented on ENVA shares. Zacks Investment Research lowered shares of Enova International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Stephens reaffirmed a “buy” rating and set a $22.00 price target on shares of Enova International in a research report on Thursday, January 4th. Maxim Group reaffirmed a “buy” rating and set a $27.00 price target (up from $23.00) on shares of Enova International in a research report on Tuesday, February 20th. Finally, JMP Securities upped their price target on shares of Enova International from $19.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $23.20.
In other Enova International news, Director Mark Tebbe sold 5,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $22.49, for a total transaction of $112,450.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James A. Gray sold 25,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $20.07, for a total transaction of $501,750.00. The disclosure for this sale can be found here. Insiders have sold 49,222 shares of company stock worth $1,056,498 over the last ninety days. Insiders own 5.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Enova International by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock valued at $6,646,000 after purchasing an additional 84,514 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Enova International by 11.7% in the third quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after purchasing an additional 50,818 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Enova International by 11.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 421,933 shares of the credit services provider’s stock valued at $6,413,000 after purchasing an additional 44,174 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Enova International by 16.0% in the fourth quarter. Rhumbline Advisers now owns 76,987 shares of the credit services provider’s stock valued at $1,170,000 after purchasing an additional 10,636 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Enova International by 222.1% in the fourth quarter. Arizona State Retirement System now owns 56,244 shares of the credit services provider’s stock valued at $855,000 after purchasing an additional 38,780 shares during the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.
Shares of ENVA stock traded down $0.50 during trading on Friday, reaching $22.75. The company’s stock had a trading volume of 113,552 shares, compared to its average volume of 190,800. The company has a quick ratio of 9.31, a current ratio of 9.31 and a debt-to-equity ratio of 2.80. The firm has a market cap of $782.33, a PE ratio of 20.76 and a beta of 2.85. Enova International has a one year low of $11.15 and a one year high of $23.65.
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About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers through existing tools and technologies.
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