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

Enova International (NYSE:ENVA) posted its quarterly earnings results on Tuesday. The credit services provider reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.14, Briefing.com reports. The business had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. Enova International had a return on equity of 15.77% and a net margin of 7.69%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS.

Enova International Stock Performance

Shares of NYSE:ENVA traded up $3.04 on Wednesday, hitting $77.61. The company’s stock had a trading volume of 606,466 shares, compared to its average volume of 242,304. Enova International has a 12 month low of $35.30 and a 12 month high of $79.06. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 14.19 and a beta of 1.45. The stock’s 50-day moving average is $62.39 and its two-hundred day moving average is $60.77. The company has a debt-to-equity ratio of 2.64, a quick ratio of 13.15 and a current ratio of 13.15.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JMP Securities upped their price target on Enova International from $78.00 to $93.00 and gave the company a “market outperform” rating in a research report on Wednesday. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. 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. Finally, Maxim Group increased their target price on Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.80.

Insider Transactions at Enova International

In other news, insider Kirk Chartier sold 41,303 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total value of $2,484,788.48. Following the completion of the transaction, the insider now owns 117,422 shares of the company’s stock, valued at $7,064,107.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO David Fisher sold 20,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total value of $1,254,400.00. Following the completion of the transaction, the chief executive officer now owns 461,439 shares of the company’s stock, valued at $28,941,454.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kirk Chartier sold 41,303 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,643 shares of company stock valued at $7,660,043. 7.80% of the stock is currently owned by corporate insiders.

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.