Analysts predict that Enova International Inc (NYSE:ENVA) will report sales of $281.85 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Enova International’s earnings, with the lowest sales estimate coming in at $280.69 million and the highest estimate coming in at $283.00 million. Enova International reported sales of $253.30 million in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is expected to announce its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that Enova International will report full-year sales of $1.28 billion for the current year. For the next financial year, analysts expect that the firm will report sales of $1.46 billion, with estimates ranging from $1.44 billion to $1.48 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Enova International.
Enova International (NYSE:ENVA) last posted its quarterly earnings results on Thursday, April 25th. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.25. The business had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $293.66 million. Enova International had a net margin of 6.70% and a return on equity of 24.24%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the company posted $1.02 earnings per share.
A number of research firms have issued reports on ENVA. TheStreet raised shares of Enova International from a “c+” rating to a “b-” rating in a report on Friday, February 15th. ValuEngine raised shares of Enova International from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Thursday, February 7th. Finally, Maxim Group reissued a “buy” rating and set a $40.00 target price (down previously from $43.00) on shares of Enova International in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Enova International presently has an average rating of “Buy” and an average target price of $37.50.
Shares of NYSE ENVA traded up $1.30 during midday trading on Friday, reaching $22.80. The company had a trading volume of 492,430 shares, compared to its average volume of 279,581. The stock has a market cap of $768.98 million, a P/E ratio of 9.83 and a beta of 2.42. Enova International has a 1 year low of $17.85 and a 1 year high of $39.00. The company has a current ratio of 5.88, a quick ratio of 5.88 and a debt-to-equity ratio of 2.09.
In related news, COO Gregory T. Zeeman sold 10,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $24.23, for a total transaction of $242,300.00. Following the completion of the transaction, the chief operating officer now owns 173,817 shares of the company’s stock, valued at $4,211,585.91. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Gregory T. Zeeman sold 25,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.37, for a total transaction of $609,250.00. Following the transaction, the chief operating officer now directly owns 168,817 shares of the company’s stock, valued at approximately $4,114,070.29. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,300 shares of company stock valued at $1,052,825. 7.10% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in ENVA. TIAA CREF Investment Management LLC grew its position in Enova International by 54.3% during the third quarter. TIAA CREF Investment Management LLC now owns 349,672 shares of the credit services provider’s stock valued at $10,071,000 after buying an additional 123,054 shares during the period. Geode Capital Management LLC grew its position in Enova International by 17.9% during the fourth quarter. Geode Capital Management LLC now owns 592,531 shares of the credit services provider’s stock valued at $11,530,000 after buying an additional 90,013 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in Enova International during the first quarter valued at $1,894,000. Metropolitan Life Insurance Co NY grew its position in Enova International by 608.9% during the first quarter. Metropolitan Life Insurance Co NY now owns 78,658 shares of the credit services provider’s stock valued at $6,986,000 after buying an additional 67,562 shares during the period. Finally, Seizert Capital Partners LLC acquired a new stake in Enova International during the first quarter valued at $1,371,000. Institutional investors own 95.93% of the company’s stock.
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.
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