Enova International (NYSE:ENVA) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Enova International (NYSE:ENVA) issued its quarterly earnings data on Tuesday. The credit services provider reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.14, Briefing.com reports. The business had revenue of $628.44 million during the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The business’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS.

Enova International Price Performance

Shares of Enova International stock traded up $0.67 during midday trading on Friday, hitting $81.74. 280,534 shares of the company traded hands, compared to its average volume of 243,857. The firm’s fifty day moving average price is $63.11 and its 200-day moving average price is $61.03. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 14.60 and a beta of 1.45. Enova International has a 12 month low of $35.30 and a 12 month high of $81.93. The company has a debt-to-equity ratio of 2.78, a quick ratio of 13.15 and a current ratio of 9.15.

Insider Activity at Enova International

In other news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $62.88, for a total value of $628,800.00. Following the completion of the transaction, the chief executive officer now owns 461,439 shares of the company’s stock, valued at $29,015,284.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO David Fisher sold 10,000 shares of Enova International stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $62.88, for a total transaction of $628,800.00. Following the transaction, the chief executive officer now owns 461,439 shares in the company, valued at $29,015,284.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.16, for a total value of $2,484,788.48. Following the completion of the sale, the insider now owns 117,422 shares of the company’s stock, valued at $7,064,107.52. The disclosure for this sale can be found here. Insiders sold a total of 93,053 shares of company stock valued at $5,732,873 in the last quarter. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ENVA shares. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. JMP Securities raised their target price on shares of Enova International from $78.00 to $93.00 and gave the company a “market outperform” rating in a report on Wednesday. Jefferies Financial Group upped their price target on shares of Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. BMO Capital Markets lifted their price objective on shares of Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research note on Thursday, April 25th. Finally, TD Cowen boosted their price objective on shares of Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.