Enova International (NYSE:ENVA) Issues Earnings Results

Enova International (NYSE:ENVA) released its quarterly earnings results on Tuesday. The credit services provider reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.14, Briefing.com reports. Enova International had a return on equity of 16.53% and a net margin of 7.52%. The company had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm’s revenue was up 25.1% compared to the same quarter last year.

Enova International Stock Down 0.9 %

Shares of ENVA stock traded down $0.78 on Wednesday, reaching $89.09. 159,980 shares of the stock were exchanged, compared to its average volume of 231,115. The company has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.82 and a beta of 1.43. The business’s 50 day moving average price is $82.82 and its 200 day moving average price is $71.26. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. Enova International has a twelve month low of $35.30 and a twelve month high of $96.00.

Enova International announced that its board has initiated a stock buyback program on Monday, August 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ENVA shares. TD Cowen raised their target price on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. BTIG Research raised their price objective on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday. Finally, JMP Securities increased their price objective on Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Insider Buying and Selling at Enova International

In other news, CFO Steven E. Cunningham sold 23,867 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. 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 link. In related news, General Counsel Sean Rahilly sold 10,158 shares of Enova International stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.36, for a total transaction of $826,454.88. Following the sale, the general counsel now directly owns 101,949 shares in the company, valued at $8,294,570.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Steven E. Cunningham sold 23,867 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the transaction, the chief financial officer now owns 133,471 shares of the company’s stock, valued at $10,883,225.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 56,725 shares of company stock worth $4,690,053 over the last ninety days. Corporate insiders own 7.80% of the company’s stock.

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.