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