Enova International (NYSE:ENVA) Issues Earnings Results

Enova International (NYSE:ENVA) released its quarterly earnings results on Tuesday. The credit services provider reported $2.21 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.14, Briefing.com reports. Enova International had a return on equity of 15.77% and a net margin of 7.69%. The company had revenue of $628.44 million during the quarter, compared to analysts’ expectations of $622.92 million. During the same period last year, the business posted $1.57 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year.

Enova International Stock Performance

Enova International stock traded up $3.04 during midday trading on Wednesday, hitting $77.61. 606,466 shares of the company were exchanged, compared to its average volume of 242,304. The firm has a market capitalization of $2.19 billion, a PE ratio of 14.19 and a beta of 1.45. Enova International has a fifty-two week low of $35.30 and a fifty-two week high of $79.06. The business has a fifty day simple moving average of $62.39 and a two-hundred day simple moving average of $60.77. The company has a debt-to-equity ratio of 2.64, a quick ratio of 13.15 and a current ratio of 13.15.

Insider Buying and Selling

In related news, insider Kirk Chartier sold 41,303 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at $7,064,107.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO David Fisher sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total transaction of $1,254,400.00. Following the sale, the chief executive officer now directly owns 461,439 shares of the company’s stock, valued at $28,941,454.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kirk Chartier sold 41,303 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total value of $2,484,788.48. Following the sale, the insider now directly owns 117,422 shares in the company, valued at $7,064,107.52. The disclosure for this sale can be found here. Insiders have sold a total of 123,643 shares of company stock valued at $7,660,043 over the last ninety days. Company insiders own 7.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ENVA shares. TD Cowen increased their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research note on Wednesday. Maxim Group raised their price objective on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Jefferies Financial Group raised their price objective on Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. BMO Capital Markets raised their price objective on Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research note on Thursday, April 25th. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Thursday, May 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $76.80.

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.