Enova International (ENVA) Scheduled to Post Earnings on Tuesday

Enova International (NYSE:ENVA) will release its earnings data after the market closes on Tuesday, October 22nd. Analysts expect Enova International to post earnings of $2.09 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, topping the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to analyst estimates of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, analysts expect Enova International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Enova International Trading Down 1.2 %

Shares of ENVA opened at $86.84 on Monday. Enova International has a 1-year low of $35.30 and a 1-year high of $89.36. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. The firm’s 50-day moving average price is $82.42 and its 200-day moving average price is $70.90. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 15.62 and a beta of 1.43.

Enova International announced that its Board of Directors has approved a stock buyback program on Monday, August 12th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

ENVA has been the topic of a number of research analyst reports. Janney Montgomery Scott downgraded Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. StockNews.com lowered Enova International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. JMP Securities increased their price objective on Enova International from $93.00 to $103.00 and gave the stock a “market outperform” rating in a report on Monday, October 14th. BTIG Research initiated coverage on shares of Enova International in a report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock. Finally, TD Cowen upped their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International currently has an average rating of “Moderate Buy” and an average target price of $80.67.

Insiders Place Their Bets

In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $84.45, for a total transaction of $844,500.00. Following the completion of the transaction, the chief executive officer now directly owns 413,239 shares in the company, valued at $34,898,033.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, General Counsel Sean Rahilly sold 10,158 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the transaction, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 10,000 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the sale, the chief executive officer now owns 413,239 shares in the company, valued at approximately $34,898,033.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 56,725 shares of company stock valued at $4,690,053. 7.80% of the stock is currently owned by corporate insiders.

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.