Enova International, Inc. (NYSE:ENVA) Updates Q4 Earnings Guidance

Enova International, Inc. (NYSE:ENVA) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.14-0.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.25. The company issued revenue guidance of $220-240 million, compared to the consensus revenue estimate of $230.40 million.

A number of research firms have weighed in on ENVA. TheStreet raised shares of Enova International from a d+ rating to a c rating in a report on Monday, October 30th. Zacks Investment Research raised shares of Enova International from a strong sell rating to a hold rating in a report on Tuesday, October 31st. Maxim Group reissued a buy rating and set a $18.00 price objective on shares of Enova International in a report on Monday, October 30th. BidaskClub raised shares of Enova International from a hold rating to a buy rating in a report on Saturday, October 21st. Finally, ValuEngine cut shares of Enova International from a strong-buy rating to a buy rating in a report on Saturday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $16.67.

Shares of Enova International, Inc. (ENVA) traded up $0.30 on Friday, reaching $14.15. 259,500 shares of the company’s stock traded hands, compared to its average volume of 250,187. The company has a quick ratio of 8.14, a current ratio of 8.14 and a debt-to-equity ratio of 2.79. The firm has a market cap of $473.53, a PE ratio of 12.41 and a beta of 3.50. Enova International, Inc. has a 12 month low of $9.74 and a 12 month high of $16.80.

Enova International (NYSE:ENVA) last issued its earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. The company had revenue of $217.88 million for the quarter, compared to analyst estimates of $210.27 million. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The business’s revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 EPS. sell-side analysts anticipate that Enova International, Inc. will post 1.11 EPS for the current fiscal year.

Enova International announced that its Board of Directors has approved a stock repurchase program on Friday, September 15th that authorizes the company to buyback $25.00 million in outstanding shares. This buyback authorization authorizes the credit services provider to purchase up to 63% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

In related news, Director Mark Mcgowan bought 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were bought at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the transaction, the director now owns 22,689 shares of the company’s stock, valued at $316,965.33. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

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About Enova International

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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