$0.15 EPS Expected for Enova International, Inc. (ENVA) This Quarter
Wall Street analysts expect that Enova International, Inc. (NYSE:ENVA) will post $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Enova International’s earnings. Enova International posted earnings per share of $0.28 during the same quarter last year, which indicates a negative year-over-year growth rate of 46.4%. The company is expected to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Enova International will report full-year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.26 to $1.32. For the next fiscal year, analysts expect that the firm will post earnings of $1.73 per share, with EPS estimates ranging from $1.70 to $1.75. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Enova International.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $193.70 million. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS.
Several brokerages have issued reports on ENVA. Zacks Investment Research cut Enova International from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. ValuEngine raised Enova International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Maxim Group started coverage on Enova International in a research note on Wednesday, July 12th. They set a “buy” rating and a $18.00 target price on the stock. BidaskClub raised Enova International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.42.
A number of large investors have recently made changes to their positions in ENVA. Nomura Holdings Inc. grew its stake in Enova International by 21.6% during the 2nd quarter. Nomura Holdings Inc. now owns 191,176 shares of the credit services provider’s stock valued at $2,836,000 after purchasing an additional 33,989 shares during the last quarter. California State Teachers Retirement System grew its stake in Enova International by 12.3% during the 2nd quarter. California State Teachers Retirement System now owns 58,586 shares of the credit services provider’s stock valued at $870,000 after purchasing an additional 6,400 shares during the last quarter. State Street Corp grew its stake in Enova International by 11.1% during the 2nd quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock valued at $9,516,000 after purchasing an additional 63,865 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Enova International by 4.0% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 337,727 shares of the credit services provider’s stock valued at $5,014,000 after purchasing an additional 13,100 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in Enova International during the 2nd quarter valued at about $175,000. 95.34% of the stock is currently owned by institutional investors.
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Enova International (NYSE:ENVA) traded down 0.79% during midday trading on Wednesday, hitting $12.50. The stock had a trading volume of 258,565 shares. The firm has a 50 day moving average of $12.82 and a 200 day moving average of $13.96. Enova International has a 52 week low of $8.68 and a 52 week high of $16.80. The firm has a market cap of $421.04 million, a price-to-earnings ratio of 10.06 and a beta of 3.44.
Enova International Company Profile
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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