Enova International (NYSE:ENVA) Issues Earnings Results, Beats Estimates By $0.14 EPS

Enova International (NYSE:ENVA) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.45 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $689.92 million for the quarter, compared to analysts’ expectations of $666.33 million. During the same quarter in the previous year, the business posted $1.33 earnings per share. Enova International’s quarterly revenue was up 25.1% on a year-over-year basis.

Enova International Price Performance

ENVA traded down $0.78 on Wednesday, reaching $89.09. 159,980 shares of the company’s stock were exchanged, compared to its average volume of 231,115. Enova International has a twelve month low of $35.30 and a twelve month high of $96.00. The stock has a market cap of $2.51 billion, a PE ratio of 16.82 and a beta of 1.43. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The stock’s fifty day moving average price is $82.82 and its 200-day moving average price is $71.26.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ENVA shares. TD Cowen increased their price target on Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. BTIG Research lifted their price objective on shares of Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday. JMP Securities raised their price objective on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Finally, Janney Montgomery Scott cut shares of Enova International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.00.

Insider Buying and Selling at Enova International

In other Enova International news, 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 value of $1,946,115.18. Following the completion of the sale, the chief financial officer now directly owns 133,471 shares of the company’s stock, valued at $10,883,225.34. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Enova International news, CFO Steven E. Cunningham sold 23,867 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the transaction, the chief financial officer now directly owns 133,471 shares in the company, valued at $10,883,225.34. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Linda Johnson Rice sold 2,700 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $88.29, for a total transaction of $238,383.00. Following the sale, the director now owns 7,486 shares of the company’s stock, valued at $660,938.94. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 56,725 shares of company stock worth $4,690,053. Insiders own 7.80% of the company’s stock.

Enova International declared that its board has authorized a stock buyback 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 repurchase up to 12.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.