$336.49 Million in Sales Expected for Enova International Inc (NYSE:ENVA) This Quarter
Brokerages expect Enova International Inc (NYSE:ENVA) to post sales of $336.49 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Enova International’s earnings. The highest sales estimate is $337.00 million and the lowest is $335.97 million. Enova International posted sales of $293.88 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The business is scheduled to issue its next quarterly earnings report on Thursday, October 24th.
According to Zacks, analysts expect that Enova International will report full-year sales of $1.29 billion for the current financial year. For the next financial year, analysts expect that the company will report sales of $1.49 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Enova International.
Enova International (NYSE:ENVA) last announced its quarterly earnings data on Thursday, July 25th. The credit services provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.17. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $281.54 million. Enova International had a net margin of 7.09% and a return on equity of 24.84%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 earnings per share.
In related news, CEO David Fisher sold 17,924 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $25.11, for a total transaction of $450,071.64. Following the transaction, the chief executive officer now owns 409,499 shares in the company, valued at $10,282,519.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of ENVA. Voce Capital Management LLC bought a new position in Enova International in the second quarter worth approximately $3,223,000. UBS Asset Management Americas Inc. raised its position in Enova International by 13.1% in the second quarter. UBS Asset Management Americas Inc. now owns 20,365 shares of the credit services provider’s stock worth $469,000 after acquiring an additional 2,351 shares during the period. Marshall Wace LLP bought a new position in Enova International in the second quarter worth approximately $3,944,000. Zebra Capital Management LLC raised its position in Enova International by 156.9% in the second quarter. Zebra Capital Management LLC now owns 23,658 shares of the credit services provider’s stock worth $545,000 after acquiring an additional 14,450 shares during the period. Finally, Tieton Capital Management LLC raised its position in Enova International by 7.3% in the second quarter. Tieton Capital Management LLC now owns 164,510 shares of the credit services provider’s stock worth $3,792,000 after acquiring an additional 11,160 shares during the period. Institutional investors own 93.96% of the company’s stock.
Shares of NYSE ENVA traded up $0.23 during midday trading on Tuesday, hitting $24.49. The stock had a trading volume of 289,321 shares, compared to its average volume of 270,681. The business’s 50 day moving average is $24.84 and its 200-day moving average is $24.01. The company has a market cap of $816.33 million, a P/E ratio of 10.56 and a beta of 2.45. Enova International has a 52 week low of $17.85 and a 52 week high of $32.10. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt-to-equity ratio of 1.93.
About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.
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