Enova International Inc (NYSE:ENVA) Expected to Announce Earnings of $0.71 Per Share

Wall Street brokerages predict that Enova International Inc (NYSE:ENVA) will report earnings per share (EPS) of $0.71 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Enova International’s earnings, with the lowest EPS estimate coming in at $0.67 and the highest estimate coming in at $0.75. Enova International reported earnings per share of $0.40 during the same quarter last year, which indicates a positive year over year growth rate of 77.5%. The business is expected to issue its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Enova International will report full year earnings of $3.32 per share for the current financial year, with EPS estimates ranging from $3.24 to $3.37. For the next financial year, analysts expect that the company will report earnings of $3.60 per share, with EPS estimates ranging from $2.94 to $3.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Enova International.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 25th. The credit services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.17. Enova International had a net margin of 7.09% and a return on equity of 24.84%. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $281.54 million. During the same period in the previous year, the company earned $0.59 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year.



ENVA has been the topic of several analyst reports. ValuEngine cut shares of Enova International from a “sell” rating to a “strong sell” rating in a report on Tuesday, September 10th. Zacks Investment Research upgraded shares of Enova International from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a report on Wednesday, July 31st. Finally, Maxim Group set a $40.00 price target on shares of Enova International and gave the stock a “buy” rating in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.33.

In other Enova International news, CEO David Fisher sold 17,924 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.11, for a total value of $450,071.64. Following the transaction, the chief executive officer now directly owns 409,499 shares in the company, valued at $10,282,519.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. Meeder Asset Management Inc. purchased a new position in Enova International in the second quarter valued at about $27,000. SG Americas Securities LLC purchased a new position in Enova International in the first quarter valued at about $210,000. BNP Paribas Arbitrage SA boosted its stake in Enova International by 70.4% in the first quarter. BNP Paribas Arbitrage SA now owns 13,473 shares of the credit services provider’s stock valued at $307,000 after acquiring an additional 5,566 shares during the last quarter. First Quadrant L P CA boosted its stake in Enova International by 123.2% in the second quarter. First Quadrant L P CA now owns 13,760 shares of the credit services provider’s stock valued at $317,000 after acquiring an additional 7,595 shares during the last quarter. Finally, Alps Advisors Inc. bought a new stake in shares of Enova International in the first quarter valued at approximately $381,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Enova International stock traded up $0.23 during midday trading on Friday, hitting $24.49. 288,067 shares of the stock were exchanged, compared to its average volume of 212,491. Enova International has a 52-week low of $17.85 and a 52-week high of $32.10. The stock has a market capitalization of $824.83 million, a price-to-earnings ratio of 10.56 and a beta of 2.45. The business’s 50-day moving average price is $24.90 and its 200-day moving average price is $24.01. 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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