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

Enova International (NYSE:ENVA) announced its earnings results on Tuesday. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14, Briefing.com reports. Enova International had a return on equity of 16.29% and a net margin of 7.52%. The firm had revenue of $628.44 million during the quarter, compared to analyst estimates of $622.92 million. During the same quarter in the prior year, the company earned $1.57 EPS. The business’s revenue was up 25.8% compared to the same quarter last year.

Enova International Stock Up 0.4 %

ENVA traded up $0.29 during trading on Thursday, hitting $77.90. 12,728 shares of the company’s stock traded hands, compared to its average volume of 240,688. The company’s 50 day simple moving average is $62.71 and its two-hundred day simple moving average is $60.88. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64. Enova International has a 12-month low of $35.30 and a 12-month high of $79.06. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.96 and a beta of 1.45.

Wall Street Analysts Forecast Growth

ENVA has been the subject of several research reports. JMP Securities increased their target price on Enova International from $78.00 to $93.00 and gave the stock a “market outperform” rating in a research report on Wednesday. BMO Capital Markets increased their target price on Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Jefferies Financial Group increased their target price on Enova International from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Maxim Group raised their price objective on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $76.80.

Insider Buying and Selling at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 30,590 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.00, for a total transaction of $1,927,170.00. Following the sale, the chief financial officer now directly owns 141,713 shares in the company, valued at approximately $8,927,919. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Enova International news, CFO Steven E. Cunningham sold 30,590 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $63.00, for a total transaction of $1,927,170.00. Following the sale, the chief financial officer now directly owns 141,713 shares in the company, valued at approximately $8,927,919. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.16, for a total value of $2,484,788.48. Following the sale, the insider now owns 117,422 shares in the company, valued at $7,064,107.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 123,643 shares of company stock worth $7,660,043. Insiders own 7.80% of the company’s stock.

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.