Zacks: Analysts Expect Enova International, Inc. (NYSE: ENVA) to Report Earnings of $1.58 Per Share
Wall Street brokers predict that Enova International, Inc. (NYSE: ENVA – Get a rating) will report earnings of $1.58 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts released earnings estimates for Enova International, with the lowest EPS estimate of $1.57 and the highest estimate of $1.58. Enova International reported earnings per share of $2.26 in the same quarter last year, indicating a negative growth rate of 30.1% year-over-year. The company is expected to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Enova International to report annual earnings of $6.10 per share for the current year, with EPS estimates ranging from $5.77 to $6.45. For the next fiscal year, analysts expect the company to post earnings of $7.18 per share, with EPS estimates ranging from $6.77 to $7.85. Zacks Investment Research’s earnings per share averages are an average average based on a survey of research analysts who cover Enova International.
Enova International (NYSE: ENVA – Get a rating) last released its quarterly earnings data on Tuesday, May 3. The credit services provider reported EPS of $1.67 for the quarter, beating analyst consensus estimates of $1.57 by $0.10. The company had revenue of $386.00 million in the quarter, versus a consensus estimate of $381.79 million. Enova International had a net margin of 17.45% and a return on equity of 22.31%. The company’s revenue for the quarter increased by 49.0% compared to the same quarter last year. During the same period last year, the company achieved EPS of $2.08.
A number of analysts have recently released reports on the company. JMP Securities raised its target price on Enova International from $48.00 to $54.00 and gave the stock a “market outperforming” rating in a Monday, Feb. 7 research note. Zacks Investment Research moved shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $50.00 for the company in a Tuesday, February 8 research report. Maxim Group upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $55.00 on the stock in a Monday, February 7 report. Janney Montgomery Scott upgraded shares of Enova International from a “neutral” rating to a “buy” rating and set a target price of $49.00 for the company in a Monday, March 14 research note. To finish, StockNews.com raised Enova International from a “hold” to a “buy” rating in a Friday, April 1 research note. Five investment analysts have rated the stock with a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $52.00.
In other Enova International news, General Counsel Sean Railly sold 1,430 shares of the company in a transaction dated Monday, February 14. The shares were sold at an average price of $44.55, for a total transaction of $63,706.50. The sale was disclosed in a legal filing with the SEC, which is available via the SEC website. Insiders hold 7.20% of the shares of the company.
A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Enova International by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 638,844 shares of the credit services provider valued at $26,167,000 after acquiring 9,756 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in Enova International by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 433,634 shares of the credit service provider valued at $14,983,000 after buying 2,606 additional shares in the last quarter. Banc Funds Co. LLC increased its holdings in Enova International by 18.8% during the third quarter. Banc Funds Co. LLC now owns 174,214 shares of the credit service provider worth $6,019,000 after purchasing an additional 27,600 shares during the period. Parametric Portfolio Associates LLC increased its position in Enova International by 6.9% during the fourth quarter. Parametric Portfolio Associates LLC now owns 119,587 shares of the credit services provider worth $4,898,000 after purchasing an additional 7,754 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in Enova International by 10.6% in the first quarter. Denali Advisors LLC now owns 72,553 shares of the credit service provider valued at $2,755,000 after purchasing an additional 6,928 shares during the period. Hedge funds and other institutional investors own 91.90% of the company’s shares.
NYSE ENV opened at $33.65 on Friday. Enova International has a one-year low of $30.04 and a one-year high of $47.88. The company has a debt ratio of 1.57, a quick ratio of 11.64 and a current ratio of 14.64. The company has a market capitalization of $1.10 billion, a price-earnings ratio of 5.38 and a beta of 1.41. The stock’s 50-day simple moving average is $37.39.
Enova International Company Profile (Get a rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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