Enova International (ENVA) to Release Quarterly Earnings on Tuesday

Enova International (NYSE:ENVA) will be issuing its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of $2.09 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Enova International (NYSE:ENVA) last announced its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. The firm had revenue of $628.44 million during the quarter, compared to the consensus estimate of $622.92 million. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm earned $1.57 EPS. On average, analysts expect Enova International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Enova International Trading Down 1.2 %

Enova International stock opened at $86.84 on Monday. The stock has a market cap of $2.45 billion, a P/E ratio of 15.62 and a beta of 1.43. Enova International has a fifty-two week low of $35.30 and a fifty-two week high of $89.36. The firm’s fifty day moving average price is $82.42 and its 200-day moving average price is $70.90. The company has a debt-to-equity ratio of 2.78, a quick ratio of 12.07 and a current ratio of 12.07.

Enova International declared that its Board of Directors has authorized a share repurchase program on Monday, August 12th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 12.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JMP Securities lifted their price target on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a research report on Monday, October 14th. StockNews.com cut shares of Enova International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. TD Cowen increased their price target on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. BTIG Research assumed coverage on shares of Enova International in a report on Wednesday, August 14th. They set a “buy” rating and a $90.00 price objective for the company. Finally, Janney Montgomery Scott cut Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

Insiders Place Their Bets

In other news, CFO Steven E. Cunningham sold 23,867 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $83.46, for a total transaction of $834,600.00. Following the completion of the sale, the chief executive officer now owns 423,239 shares of the company’s stock, valued at $35,323,526.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven E. Cunningham sold 23,867 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the sale, the chief financial officer now directly owns 133,471 shares in the company, valued at approximately $10,883,225.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,725 shares of company stock valued at $4,690,053 over the last three months. Insiders own 7.80% of the company’s stock.

Enova International Company Profile

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.