Wall Street brokerages expect Enova International, Inc. (NYSE:ENVA) to report $232.72 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Enova International’s earnings, with estimates ranging from $226.43 million to $239.00 million. Enova International posted sales of $202.44 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that Enova International will report full year sales of $232.72 million for the current fiscal year, with estimates ranging from $826.48 million to $839.00 million. For the next financial year, analysts forecast that the company will post sales of $949.09 million per share, with estimates ranging from $909.18 million to $989.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Enova International.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The business had revenue of $217.88 million for the quarter, compared to the consensus estimate of $210.27 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. Enova International’s revenue for the quarter was up 11.2% on a year-over-year basis.
Several equities analysts recently commented on the company. BidaskClub downgraded Enova International from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded Enova International from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 31st. TheStreet upgraded Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of Enova International in a research note on Monday, October 30th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $16.67.
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Enova International (NYSE ENVA) traded down $0.35 during trading on Friday, reaching $13.80. The company had a trading volume of 196,800 shares, compared to its average volume of 291,933. Enova International has a fifty-two week low of $10.20 and a fifty-two week high of $16.80. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $456.79, a P/E ratio of 12.41 and a beta of 3.34.
Enova International announced that its board has initiated a stock repurchase program on Friday, September 15th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to reacquire up to 63% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, Director Mark Mcgowan bought 30,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were purchased at an average price of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the transaction, the director now directly owns 22,689 shares in the company, valued at approximately $316,965.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 4.50% of the company’s stock.
Several large investors have recently bought and sold shares of ENVA. Tudor Investment Corp ET AL bought a new position in shares of Enova International in the second quarter worth $175,000. Hartford Investment Management Co. bought a new position in shares of Enova International in the third quarter worth $178,000. Arizona State Retirement System increased its holdings in shares of Enova International by 0.8% in the second quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock worth $182,000 after purchasing an additional 100 shares during the period. Affinity Investment Advisors LLC increased its holdings in shares of Enova International by 0.7% in the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after purchasing an additional 104 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Enova International in the third quarter worth $228,000. Hedge funds and other institutional investors own 93.05% of the company’s stock.
About Enova International
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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