Wall Street brokers expect Enova International, Inc. (NYSE:ENVA – Get a rating) to report earnings of $1.58 per share for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Enova International, with the lowest EPS estimate of $1.57 and the highest estimate of $1.58. Enova International reported earnings of $2.26 per share in the same quarter last year, suggesting a negative 30.1% year-over-year growth rate. The company is expected to announce its next quarterly results on Monday, January 1.
On average, analysts expect Enova International to report annual earnings of $6.10 per share for the current fiscal year, with EPS estimates ranging from $5.77 to $6.45. For the next fiscal year, analysts expect the company to post earnings of $7.18 per share, with EPS estimates ranging from $6.77 to $7.85. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts who provide coverage for Enova International.
Enova International (NYSE: ENVA – Get a rating) last reported results on Tuesday, May 3. The credit service provider reported earnings per share of $1.67 for the quarter, beating the consensus estimate of $1.57 by $0.10. The company posted revenue of $386.00 million for the quarter, versus analyst estimates of $381.79 million. Enova International had a return on equity of 22.31% and a net margin of 17.45%. The company’s quarterly revenue increased 49.0% year over year. During the same period last year, the company posted EPS of $2.08.
Several research companies have commented on ENVA. JMP Securities raised its price target on Enova International from $48.00 to $54.00 and gave the company a “market outperforming” rating in a Monday, February 7 research report. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Friday, April 1. Maxim Group upgraded Enova International from a “hold” rating to a “buy” rating and set a price target of $55.00 on the stock in a Monday, February 7 research report. Zacks Investment Research downgraded Enova International from a “buy” rating to a “hold” rating in a Monday, May 16 research note. Finally, Janney Montgomery Scott upgraded Enova International from a “neutral” rating to a “buy” rating and set a target price of $49.00 for the company in a Monday, March 14 research note. One investment analyst gave the stock a hold rating and four gave the company a buy rating. According to MarketBeat, the stock has a consensus buy price and a consensus target price of $52.00.
ENVA shares were up $0.85 during Friday trading hours, hitting $31.58. The stock recorded trading volume of 220,346 shares, compared to an average trading volume of 355,132 shares. The company has a debt ratio of 1.57, a quick ratio of 14.64 and a current ratio of 14.64. The company has a market capitalization of $1.03 billion, a P/E ratio of 5.04 and a beta of 1.41. The company’s fifty-day simple moving average is $35.65 and its 200-day simple moving average is $38.61. Enova International has a 12-month low of $28.80 and a 12-month high of $47.88.
Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Dupont Capital Management Corp bought a new position in Enova International during Q1 worth approximately $145,000. SG Americas Securities LLC increased its position in Enova International shares by 27.5% during the first quarter. SG Americas Securities LLC now owns 3,813 shares of the credit services provider worth $145,000 after buying 823 additional shares last quarter. Arizona State Retirement System increased its position in shares of Enova International by 3.0% during the third quarter. Arizona State Retirement System now owns 10,011 shares of the credit service provider worth $346,000 after buying 290 additional shares in the last quarter. Summit Global Investments increased its position in shares of Enova International by 130.0% during the fourth quarter. Summit Global Investments now owns 16,100 shares of the credit service provider worth $659,000 after buying an additional 9,100 shares in the last quarter. Finally, Rowland & Co. Investment Counsel ADV bought a new position in shares of Enova International during the fourth quarter at a value of $699,000. 91.90% of the shares are currently held by institutional investors.
Enova International Company Profile (Get a rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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