Enova International, Inc. (NYSE:ENVA) issued its quarterly earnings data on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09, Bloomberg Earnings reports. The company had revenue of $217.88 million during the quarter, compared to the consensus estimate of $210.27 million. Enova International had a net margin of 3.87% and a return on equity of 14.85%. Enova International’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Enova International updated its Q4 guidance to $0.14-0.33 EPS.
Shares of Enova International (ENVA) traded up $0.30 during mid-day trading on Friday, hitting $14.15. The stock had a trading volume of 259,500 shares, compared to its average volume of 250,187. The firm has a market capitalization of $473.53, a P/E ratio of 12.41 and a beta of 3.50. The company has a debt-to-equity ratio of 2.79, a quick ratio of 8.14 and a current ratio of 8.14. Enova International has a 1-year low of $9.74 and a 1-year high of $16.80.
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ENVA has been the subject of a number of recent research reports. Maxim Group reissued a “buy” rating and issued a $18.00 price objective on shares of Enova International in a research note on Monday, October 30th. BidaskClub raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. ValuEngine downgraded shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 21st. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Enova International in a research note on Thursday, October 12th. Finally, TheStreet raised shares of Enova International from a “d+” rating to a “c” rating in a research note on Monday, October 30th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Enova International presently has an average rating of “Buy” and a consensus price target of $16.67.
Enova International declared that its Board of Directors has initiated a share repurchase program on Friday, September 15th that allows the company to buyback $25.00 million in outstanding shares. This buyback authorization allows the credit services provider to repurchase up to 63% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
In other Enova International news, Director Mark Mcgowan purchased 30,000 shares of Enova International stock in a transaction dated Wednesday, November 8th. The shares were acquired at an average cost of $13.97 per share, with a total value of $419,100.00. Following the completion of the transaction, the director now owns 22,689 shares in the company, valued at approximately $316,965.33. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.60% of the company’s stock.
Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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