Enova International (ENVA) Trading 7.3% Higher

Shares of Enova International Inc (NYSE:ENVA) traded up 7.3% on Friday . The stock traded as high as $27.00 and last traded at $24.45. 776,322 shares were traded during mid-day trading, an increase of 121% from the average session volume of 351,678 shares. The stock had previously closed at $22.78.

A number of brokerages have commented on ENVA. ValuEngine downgraded shares of Enova International from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Maxim Group reiterated a “buy” rating and issued a $43.00 target price on shares of Enova International in a report on Friday, July 27th. TheStreet downgraded shares of Enova International from a “b-” rating to a “c” rating in a report on Monday, July 30th. JMP Securities reduced their target price on shares of Enova International from $42.00 to $40.00 and set a “market outperform” rating for the company in a report on Wednesday, October 10th. Finally, Zacks Investment Research downgraded shares of Enova International from a “buy” rating to a “hold” rating in a report on Thursday, July 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Enova International has an average rating of “Buy” and a consensus target price of $37.80.

The firm has a market capitalization of $778.02 million, a P/E ratio of 21.26 and a beta of 2.65. The company has a current ratio of 9.86, a quick ratio of 9.86 and a debt-to-equity ratio of 2.29.



Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $0.53 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.53. Enova International had a net margin of 6.54% and a return on equity of 23.20%. The business had revenue of $253.30 million during the quarter, compared to the consensus estimate of $239.45 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm’s revenue was up 33.4% on a year-over-year basis. Equities analysts expect that Enova International Inc will post 2.22 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of Enova International by 5.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,052,884 shares of the credit services provider’s stock valued at $45,266,000 after acquiring an additional 112,390 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Enova International by 64.5% during the first quarter. Principal Financial Group Inc. now owns 455,849 shares of the credit services provider’s stock valued at $10,051,000 after acquiring an additional 178,766 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Enova International during the second quarter valued at about $9,539,000. Millennium Management LLC acquired a new position in shares of Enova International during the first quarter valued at about $4,670,000. Finally, James Investment Research Inc. increased its holdings in shares of Enova International by 4.3% during the third quarter. James Investment Research Inc. now owns 178,329 shares of the credit services provider’s stock valued at $5,135,000 after acquiring an additional 7,289 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

About Enova International (NYSE:ENVA)

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.

Further Reading: Cash Flow

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