$288.61 Million in Sales Expected for Enova International Inc (ENVA) This Quarter

Brokerages expect Enova International Inc (NYSE:ENVA) to post $288.61 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Enova International’s earnings, with estimates ranging from $287.22 million to $290.00 million. Enova International posted sales of $243.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 18.4%. The firm is expected to announce its next quarterly earnings results on Thursday, February 7th.

On average, analysts expect that Enova International will report full-year sales of $1.06 billion for the current year, with estimates ranging from $1.06 billion to $1.07 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.22 billion, with estimates ranging from $1.17 billion to $1.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Enova International.

Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 26th. The credit services provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. Enova International had a return on equity of 23.20% and a net margin of 6.54%. The firm had revenue of $253.30 million for the quarter, compared to the consensus estimate of $239.45 million. During the same quarter last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year.



Several research analysts have recently commented on the company. JMP Securities decreased their price objective on Enova International from $42.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Wednesday, October 10th. ValuEngine downgraded Enova International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. TheStreet downgraded Enova International from a “b-” rating to a “c” rating in a research note on Monday, July 30th. Finally, Stephens set a $45.00 target price on Enova International and gave the stock a “buy” rating in a research report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Enova International currently has an average rating of “Buy” and an average price target of $37.80.

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its position in shares of Enova International by 146.8% during the second quarter. Meeder Asset Management Inc. now owns 4,216 shares of the credit services provider’s stock worth $154,000 after purchasing an additional 2,508 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Enova International during the second quarter worth about $214,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Enova International during the second quarter worth about $223,000. First Quadrant L P CA purchased a new stake in shares of Enova International during the third quarter worth about $225,000. Finally, Advisor Partners LLC purchased a new stake in shares of Enova International during the second quarter worth about $280,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Shares of NYSE ENVA traded up $1.67 during trading on Monday, hitting $24.45. The company had a trading volume of 776,322 shares, compared to its average volume of 345,920. The company has a quick ratio of 9.86, a current ratio of 9.86 and a debt-to-equity ratio of 2.29. Enova International has a 12 month low of $13.25 and a 12 month high of $39.00. The company has a market capitalization of $778.02 million, a P/E ratio of 21.26 and a beta of 2.65.

Enova International Company Profile

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 through existing tools and technologies.

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