Enova International, Inc. (NYSE:ENVA) posted its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09, Bloomberg Earnings reports. The firm had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.28 EPS. Enova International updated its Q4 guidance to $0.14-0.33 EPS.
Enova International (NYSE ENVA) opened at $14.15 on Friday. Enova International has a one year low of $9.74 and a one year high of $16.80. The firm has a market cap of $473.53, a P/E ratio of 12.41 and a beta of 3.50. The company has a debt-to-equity ratio of 2.79, a quick ratio of 8.14 and a current ratio of 8.14.
ENVA has been the subject of several research reports. BidaskClub cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Maxim Group reaffirmed a “buy” rating and issued a $18.00 target price on shares of Enova International in a research note on Monday, October 9th. Zacks Investment Research lowered shares of Enova International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price on shares of Enova International in a research note on Thursday, October 12th. Finally, ValuEngine lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $16.67.
Enova International declared that its board has authorized a stock repurchase program on Friday, September 15th that permits the company to buyback $25.00 million in outstanding shares. This buyback authorization permits the credit services provider to reacquire up to 63% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Mark Mcgowan acquired 30,000 shares of Enova International stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average price of $13.97 per share, with a total value of $419,100.00. Following the purchase, the director now directly owns 22,689 shares of the company’s stock, valued at $316,965.33. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by company insiders.
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Enova International Company Profile
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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