Enova International (NYSE:ENVA – Get Free Report) 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
View Our Latest Analysis on ENVA
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.
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