Analysts predict that Elevate Credit Inc (NYSE:ELVT) will report earnings of $0.17 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Elevate Credit’s earnings, with estimates ranging from $0.13 to $0.20. Elevate Credit posted earnings per share of $0.09 during the same quarter last year, which indicates a positive year-over-year growth rate of 88.9%. The company is expected to issue its next quarterly earnings report on Monday, February 10th.
According to Zacks, analysts expect that Elevate Credit will report full year earnings of $0.67 per share for the current year, with EPS estimates ranging from $0.60 to $0.74. For the next financial year, analysts forecast that the firm will post earnings of $0.83 per share, with EPS estimates ranging from $0.63 to $1.08. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Elevate Credit.
Elevate Credit (NYSE:ELVT) last posted its earnings results on Monday, November 4th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.10. Elevate Credit had a net margin of 3.65% and a return on equity of 20.93%. The firm had revenue of $192.80 million during the quarter, compared to analyst estimates of $193.34 million. During the same period last year, the firm posted ($0.10) earnings per share. Elevate Credit’s revenue for the quarter was down 4.3% compared to the same quarter last year.
In related news, Director Kenneth E. Rees sold 15,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $4.37, for a total value of $65,550.00. Also, major shareholder Scff Management Llc sold 80,653 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $4.10, for a total value of $330,677.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 202,057 shares of company stock valued at $829,364. 17.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN lifted its position in Elevate Credit by 8.6% in the second quarter. Wells Fargo & Company MN now owns 44,200 shares of the company’s stock worth $182,000 after buying an additional 3,507 shares during the last quarter. Northern Trust Corp lifted its position in Elevate Credit by 2.1% in the second quarter. Northern Trust Corp now owns 239,597 shares of the company’s stock worth $987,000 after buying an additional 5,034 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in Elevate Credit by 46.1% in the second quarter. Parametric Portfolio Associates LLC now owns 20,027 shares of the company’s stock worth $83,000 after buying an additional 6,323 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Elevate Credit in the second quarter worth $26,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Elevate Credit by 15.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 49,257 shares of the company’s stock worth $203,000 after buying an additional 6,484 shares during the last quarter. Institutional investors own 48.21% of the company’s stock.
Shares of ELVT stock traded up $0.12 on Thursday, reaching $3.98. The company’s stock had a trading volume of 60,728 shares, compared to its average volume of 118,939. The stock’s fifty day simple moving average is $4.14 and its 200-day simple moving average is $4.37. Elevate Credit has a 1 year low of $3.71 and a 1 year high of $5.21. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $173.10 million, a price-to-earnings ratio of 10.21 and a beta of 1.33.
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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