The brokerages expect Enova International, Inc. (NYSE: ENVA – Get a rating) to report earnings per share of $1.55 for the current fiscal quarter, according to Zacks. Two analysts have made earnings estimates for Enova International. The highest EPS estimate is $1.57 and the lowest is $1.52. Enova International reported earnings of $2.20 per share in the same quarter last year, which would indicate a negative 29.5% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.
On average, analysts expect Enova International to report annual earnings of $6.02 per share for the current fiscal year, with EPS estimates ranging from $5.57 to $6.40. For next year, analysts expect the company to post earnings of $7.09 per share, with EPS estimates ranging from $6.47 to $7.85. Zacks EPS averages are an average based on a survey of research companies that provide coverage for Enova International.
Enova International (NYSE: ENVA – Get a rating) last released its quarterly results on Thursday, February 3. The credit services provider reported earnings per share of $1.50 for the quarter, beating Thomson Reuters consensus estimate of $1.03 by $0.47. Enova International had a net margin of 21.22% and a return on equity of 24.90%. The company posted revenue of $363.61 million for the quarter, versus a consensus estimate of $338.24 million. During the same period last year, the company posted earnings per share of $2.23.
Several equity analysts have published reports on the stock. Janney Montgomery Scott upgraded shares of Enova International from a “neutral” rating to a “buy” rating and set a price target of $49.00 on the stock in a Monday, March 14 research note . JMP Securities raised its price target on Enova International shares from $48.00 to $54.00 and gave the stock a “market outperforming” rating in a Monday, Feb. 7 report. Zacks Investment Research moved shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $50.00 for the company in a Tuesday, February 8 research report. StockNews.com moved shares of Enova International from a “hold” rating to a “buy” rating in a Friday, April 1 research report. Finally, Maxim Group upgraded Enova International from a “hold” rating to a “buy” rating and set a target price of $55.00 on the stock in a Monday, Feb. 7 research note. One investment analyst gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $50.40.
Shares of ENV opened at $37.55 on Friday. The company has a debt ratio of 1.27, a current ratio of 11.64 and a quick ratio of 11.64. The stock has a market capitalization of $1.26 billion, a PE ratio of 5.53 and a beta of 1.49. The company has a 50-day simple moving average of $39.04 and a two-hundred-day simple moving average of $38.97. Enova International has a 1 year minimum of $30.04 and a 1 year maximum of $47.88.
In other news from Enova International, CEO David Fisher sold 7,771 shares of Enova International in a transaction that took place on Thursday, February 3. The stock was sold at an average price of $38.61, for a total value of $300,038.31. The sale was disclosed in a filing with the SEC, which is available via this link. Also, General Counsel Sean Railly sold 1,430 shares of the company in a transaction that took place on Monday, February 14. The shares were sold at an average price of $44.55, for a total value of $63,706.50. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 10,631 shares of the company valued at $426,593. Company insiders hold 6.30% of the company’s shares.
A number of large investors have recently changed their positions in the company. Strs Ohio increased its stake in Enova International by 128.2% in the third quarter. Strs Ohio now owns 19,400 shares of the credit service provider worth $670,000 after purchasing an additional 10,900 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Enova International by 218.0% during the third quarter. SG Americas Securities LLC now owns 13,946 shares of the credit service provider valued at $482,000 after acquiring an additional 9,561 shares during the period. The New York State Common Retirement Fund increased its stake in shares of Enova International by 18.0% during the third quarter. The New York State Common Retirement Fund now owns 52,703 shares of the credit service provider valued at $1,821,000 after acquiring 8,035 additional shares during the period. Summit Global Investments acquired a new position in shares of Enova International during the third quarter worth $242,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Enova International by 1,525.6% during the third quarter. First Horizon Advisors Inc. now owns 699 shares of the credit service provider valued at $35,000 after acquiring an additional 656 shares during the period. Hedge funds and other institutional investors own 87.13% of the company’s shares.
About Enova International (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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