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

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

Enova International Stock Performance

Shares of NYSE:ENVA traded up $0.82 on Wednesday, reaching $113.76. The company’s stock had a trading volume of 11,259 shares, compared to its average volume of 198,235. The stock has a market capitalization of $2.98 billion, a P/E ratio of 18.24 and a beta of 1.49. Enova International has a 52-week low of $53.40 and a 52-week high of $117.39. The stock’s 50-day moving average is $103.30 and its two-hundred day moving average is $91.98. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Enova International news, CEO David Fisher sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $105.59, for a total transaction of $1,055,900.00. Following the transaction, the chief executive officer now directly owns 369,905 shares in the company, valued at approximately $39,058,268.95. This represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 7.80% of the stock is currently owned by corporate insiders.

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.