Enova International (NYSE:ENVA) Posts Earnings Results, Beats Expectations By $0.08 EPS

Enova International (NYSE:ENVA) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.08, Zacks reports. Enova International had a net margin of 7.19% and a return on equity of 18.41%.

Enova International Stock Performance

NYSE:ENVA traded up $0.48 during mid-day trading on Thursday, hitting $115.22. 22,195 shares of the company traded hands, compared to its average volume of 207,697. The stock’s fifty day moving average price is $103.48 and its 200-day moving average price is $92.13. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International has a one year low of $53.40 and a one year high of $117.39. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 18.39 and a beta of 1.49.

Insider Activity

In other Enova International news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total value of $1,055,900.00. Following the completion of the sale, the chief executive officer now owns 369,905 shares in the company, valued at approximately $39,058,268.95. This represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.80% of the company’s stock.

Wall Street Analyst Weigh In

ENVA has been the subject of several research reports. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Monday, October 21st. BTIG Research boosted their target price on shares of Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. JMP Securities raised their price target on Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday. TD Cowen upped their price objective on Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Stephens raised their target price on Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Enova International currently has a consensus rating of “Moderate Buy” and an average target price of $101.57.

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.