Elevate Credit (ELVT) Releases FY 2019 Earnings Guidance
Elevate Credit (NYSE:ELVT) updated its FY 2019 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus estimate of $0.69. The company issued revenue guidance of $811-834 million, compared to the consensus revenue estimate of $882.35 million.
Several research firms have weighed in on ELVT. Zacks Investment Research upgraded Elevate Credit from a sell rating to a hold rating in a report on Tuesday, January 15th. JMP Securities reiterated a market perform rating on shares of Elevate Credit in a research note on Tuesday, October 30th. Credit Suisse Group dropped their price objective on Elevate Credit from $10.50 to $8.00 and set an outperform rating on the stock in a research note on Tuesday, October 30th. ValuEngine upgraded Elevate Credit from a sell rating to a hold rating in a research note on Wednesday, October 31st. Finally, William Blair reiterated a market perform rating on shares of Elevate Credit in a research note on Tuesday, October 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Elevate Credit has an average rating of Hold and an average price target of $9.29.
Shares of Elevate Credit stock traded up $0.01 during trading on Monday, reaching $4.38. The company’s stock had a trading volume of 249,767 shares, compared to its average volume of 128,770. The firm has a market capitalization of $188.77 million, a PE ratio of 27.38 and a beta of 1.81. Elevate Credit has a one year low of $3.71 and a one year high of $11.27.
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About Elevate Credit
Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
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