Enova International (NYSE:ENVA) Issues Earnings Results

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

Enova International Price Performance

NYSE ENVA traded up $0.25 on Thursday, hitting $88.42. The stock had a trading volume of 213,366 shares, compared to its average volume of 233,219. Enova International has a 52-week low of $35.30 and a 52-week high of $96.01. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.89 and a beta of 1.43. The firm has a 50-day moving average of $82.98 and a 200-day moving average of $71.38.

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENVA. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. TD Cowen increased their target price on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday. JMP Securities increased their target price on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research report on Wednesday. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, BTIG Research increased their target price on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a research report 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.33.

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 shares were sold at an average price of $84.45, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Sean Rahilly sold 10,158 shares of the 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 transaction, the general counsel now directly owns 101,949 shares in the company, valued at approximately $8,294,570.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,725 shares of company stock worth $4,690,053 in the last three months. 7.80% of the stock is currently owned by corporate insiders.

About Enova International

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.