Equities analysts expect Elevate Credit Inc (NYSE:ELVT) to announce sales of $186.85 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Elevate Credit’s earnings. The highest sales estimate is $191.90 million and the lowest is $181.79 million. Elevate Credit reported sales of $207.29 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 9.9%. The company is scheduled to issue its next earnings results on Monday, February 10th.

According to Zacks, analysts expect that Elevate Credit will report full year sales of $746.87 million for the current fiscal year, with estimates ranging from $741.83 million to $751.90 million. For the next fiscal year, analysts anticipate that the company will report sales of $774.56 million, with estimates ranging from $767.41 million to $781.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Elevate Credit.

Elevate Credit (NYSE:ELVT) last released its earnings results on Monday, November 4th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. Elevate Credit had a net margin of 3.65% and a return on equity of 20.93%. The company had revenue of $192.80 million during the quarter, compared to the consensus estimate of $193.34 million. During the same quarter in the previous year, the firm earned ($0.10) EPS. The company’s revenue was down 4.3% on a year-over-year basis.

ELVT has been the subject of several research reports. William Blair reaffirmed a “market perform” rating on shares of Elevate Credit in a report on Tuesday, November 5th. Zacks Investment Research raised shares of Elevate Credit from a “hold” rating to a “buy” rating and set a $4.50 price target for the company in a report on Friday, December 6th. Finally, ValuEngine lowered shares of Elevate Credit from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Elevate Credit currently has a consensus rating of “Hold” and a consensus target price of $6.10.

Shares of NYSE ELVT traded up $0.06 during midday trading on Monday, hitting $4.24. The company’s stock had a trading volume of 213,535 shares, compared to its average volume of 94,960. Elevate Credit has a 1-year low of $3.71 and a 1-year high of $5.21. The firm’s fifty day moving average price is $4.07 and its 200-day moving average price is $4.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $180.16 million, a P/E ratio of 10.87 and a beta of 1.33.

In other Elevate Credit news, major shareholder Scff Management Llc sold 25,107 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $4.16, for a total transaction of $104,445.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth E. Rees sold 15,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $4.37, for a total transaction of $65,550.00. Insiders sold a total of 341,126 shares of company stock valued at $1,391,730 over the last ninety days. Company insiders own 17.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new position in Elevate Credit during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. boosted its stake in Elevate Credit by 938.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 13,628 shares of the company’s stock valued at $57,000 after purchasing an additional 12,316 shares during the period. Jane Street Group LLC acquired a new position in Elevate Credit during the 2nd quarter valued at about $62,000. Russell Investments Group Ltd. acquired a new position in Elevate Credit during the 2nd quarter valued at about $66,000. Finally, Algert Global LLC acquired a new position in Elevate Credit during the 2nd quarter valued at about $68,000. 48.14% of the stock is owned by hedge funds and other institutional investors.

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, lines of credit, and credit cards. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; Sunny, an installment loan product; and Today Card, a credit card product.

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Earnings History and Estimates for Elevate Credit (NYSE:ELVT)

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