Maxim Group reiterated their buy rating on shares of Enova International, Inc. (NYSE:ENVA) in a report released on Tuesday, October 17th. The firm currently has a $18.00 price objective on the credit services provider’s stock.
A number of other research firms also recently commented on ENVA. BidaskClub downgraded shares of Enova International from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Enova International from a hold rating to a sell rating in a research note on Wednesday, October 11th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Enova International currently has an average rating of Buy and a consensus price target of $16.67.
Shares of Enova International (NYSE:ENVA) traded up $0.20 during midday trading on Tuesday, reaching $14.95. 185,479 shares of the company were exchanged, compared to its average volume of 277,394. The firm has a market cap of $498.63, a price-to-earnings ratio of 12.94 and a beta of 3.34. The company has a debt-to-equity ratio of 2.79, a quick ratio of 8.14 and a current ratio of 8.14. Enova International has a 12-month low of $8.75 and a 12-month high of $16.80.
Enova International (NYSE:ENVA) last announced its earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The firm had revenue of $217.88 million during the quarter, compared to analyst estimates of $210.27 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. analysts expect that Enova International will post 1.11 earnings per share for the current fiscal year.
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Enova International declared that its Board of Directors has approved a stock buyback program on Friday, September 15th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the credit services provider to purchase up to 63% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Thrivent Financial For Lutherans boosted its position in shares of Enova International by 0.4% during the 1st quarter. Thrivent Financial For Lutherans now owns 121,247 shares of the credit services provider’s stock worth $1,800,000 after acquiring an additional 480 shares in the last quarter. Affinity Investment Advisors LLC raised its stake in Enova International by 0.7% during the second quarter. Affinity Investment Advisors LLC now owns 15,279 shares of the credit services provider’s stock worth $227,000 after buying an additional 104 shares during the last quarter. Tieton Capital Management LLC bought a new position in Enova International during the second quarter worth $5,056,000. CNA Financial Corp raised its stake in Enova International by 4.4% during the first quarter. CNA Financial Corp now owns 26,225 shares of the credit services provider’s stock worth $389,000 after buying an additional 1,100 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in Enova International by 21.6% during the second quarter. Nomura Holdings Inc. now owns 191,176 shares of the credit services provider’s stock worth $2,836,000 after buying an additional 33,989 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
About Enova International
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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