Q1 2020 EPS Estimates for Elevate Credit Inc Reduced by Jefferies Financial Group (NYSE:ELVT)

Elevate Credit Inc (NYSE:ELVT) – Analysts at Jefferies Financial Group cut their Q1 2020 earnings per share (EPS) estimates for shares of Elevate Credit in a research note issued on Monday, February 10th. Jefferies Financial Group analyst J. Hecht now expects that the company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.22. Jefferies Financial Group also issued estimates for Elevate Credit’s Q1 2021 earnings at $0.18 EPS, Q2 2021 earnings at $0.30 EPS, Q3 2021 earnings at $0.30 EPS and Q4 2021 earnings at $0.12 EPS.

Other equities analysts have also issued research reports about the stock. William Blair reiterated a “market perform” rating on shares of Elevate Credit in a report on Tuesday, November 5th. Stephens lowered shares of Elevate Credit from an “equal weight” rating to an “underweight” rating in a report on Monday, January 6th. Zacks Investment Research lowered shares of Elevate Credit from a “buy” rating to a “hold” rating in a report on Friday. Finally, ValuEngine lowered shares of Elevate Credit from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Shares of ELVT stock opened at $4.16 on Thursday. Elevate Credit has a 12 month low of $3.71 and a 12 month high of $5.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $203.57 million, a P/E ratio of 5.70 and a beta of 1.26. The company’s fifty day moving average price is $4.65 and its two-hundred day moving average price is $4.40.

Elevate Credit (NYSE:ELVT) last issued its quarterly earnings data on Monday, February 10th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Elevate Credit had a net margin of 4.31% and a return on equity of 23.06%. The firm had revenue of $186.92 million for the quarter, compared to analyst estimates of $186.85 million.

Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. raised its stake in shares of Elevate Credit by 938.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock valued at $57,000 after purchasing an additional 12,316 shares in the last quarter. Royce & Associates LP acquired a new stake in shares of Elevate Credit in the 4th quarter valued at about $60,000. Jane Street Group LLC acquired a new stake in shares of Elevate Credit in the 2nd quarter valued at about $62,000. Public Employees Retirement System of Ohio grew its position in shares of Elevate Credit by 166.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,039 shares of the company’s stock valued at $72,000 after buying an additional 10,639 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in shares of Elevate Credit during the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 48.30% of the company’s stock.

In other news, major shareholder Scff Management Llc sold 11,579 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $3.79, for a total value of $43,884.41. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth E. Rees sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the sale, the director now owns 471,342 shares in the company, valued at approximately $1,904,221.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,494 shares of company stock worth $1,323,806. Company insiders own 17.00% of the company’s stock.

Elevate Credit Company Profile

Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.

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Earnings History and Estimates for Elevate Credit (NYSE:ELVT)

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