Enova International (NYSE:ENVA) Announces Earnings Results

Enova International (NYSE:ENVA) issued its earnings results on Tuesday. The credit services provider reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.08, Zacks reports. Enova International had a return on equity of 18.41% and a net margin of 7.19%.

Enova International Price Performance

NYSE ENVA traded up $2.30 on Tuesday, reaching $113.14. 317,617 shares of the stock traded hands, compared to its average volume of 207,118. The firm’s fifty day simple moving average is $103.17 and its 200 day simple moving average is $91.69. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 18.04 and a beta of 1.49. Enova International has a 12 month low of $53.17 and a 12 month high of $115.07. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now directly owns 389,925 shares of the company’s stock, valued at $41,125,389.75. This trade represents a 2.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have sold 33,314 shares of company stock worth $3,465,166. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ENVA has been the subject of several analyst reports. TD Cowen boosted their price target on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. BTIG Research upped their target price on shares of Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. Stephens started coverage on Enova International in a report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price objective for the company. Finally, JMP Securities raised their target price on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.14.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.