$0.21 Earnings Per Share Expected for Enova International Inc (ENVA) This Quarter
Wall Street brokerages expect Enova International Inc (NYSE:ENVA) to report earnings per share of $0.21 for the current quarter, Zacks reports. Two analysts have provided estimates for Enova International’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.23. Enova International reported earnings per share of $0.25 in the same quarter last year, which suggests a negative year-over-year growth rate of 16%. The firm is expected to issue its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that Enova International will report full-year earnings of $1.32 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.34. For the next year, analysts forecast that the business will post earnings of $1.73 per share, with EPS estimates ranging from $1.62 to $1.79. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Enova International.
Enova International (NYSE:ENVA) last issued its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The company had revenue of $217.88 million for the quarter, compared to the consensus estimate of $210.27 million. During the same quarter in the prior year, the business earned $0.28 EPS. Enova International’s revenue was up 11.2% on a year-over-year basis.
Several equities research analysts have weighed in on the company. Stephens restated a “buy” rating and set a $22.00 price target on shares of Enova International in a report on Thursday. Zacks Investment Research downgraded Enova International from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. TheStreet upgraded Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Enova International in a report on Monday, October 30th. Finally, BidaskClub upgraded Enova International from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Enova International has a consensus rating of “Buy” and a consensus price target of $17.80.
Shares of Enova International (ENVA) traded up $1.05 during midday trading on Tuesday, reaching $17.35. The company’s stock had a trading volume of 511,925 shares, compared to its average volume of 230,700. The company has a current ratio of 8.14, a quick ratio of 8.14 and a debt-to-equity ratio of 2.79. Enova International has a 12 month low of $11.15 and a 12 month high of $17.50. The stock has a market cap of $580.61, a P/E ratio of 19.07 and a beta of 3.30.
Enova International announced that its Board of Directors has authorized a stock buyback program on Friday, September 15th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 63% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
In other Enova International news, Director Mark Mcgowan acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average price of $13.97 per share, for a total transaction of $419,100.00. Following the acquisition, the director now owns 22,689 shares in the company, valued at approximately $316,965.33. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Enova International in the 2nd quarter valued at about $175,000. Arizona State Retirement System boosted its position in shares of Enova International by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 12,264 shares of the credit services provider’s stock valued at $182,000 after purchasing an additional 100 shares during the period. Hartford Investment Management Co. acquired a new stake in shares of Enova International in the 3rd quarter valued at about $178,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Enova International in the 3rd quarter valued at about $228,000. Finally, Blair William & Co. IL boosted its position in shares of Enova International by 64.9% in the 2nd quarter. Blair William & Co. IL now owns 18,357 shares of the credit services provider’s stock valued at $273,000 after purchasing an additional 7,224 shares during the period. 97.24% of the stock is owned by hedge funds and other institutional investors.
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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