Enova International (NYSE:ENVA) Issues Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Enova International (NYSE:ENVA) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.14, Briefing.com reports. Enova International had a net margin of 7.52% and a return on equity of 16.29%. The business had revenue of $628.44 million for the quarter, compared to analysts’ expectations of $622.92 million. During the same quarter last year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year.

Enova International Stock Performance

Shares of NYSE:ENVA traded up $3.59 during mid-day trading on Thursday, reaching $81.20. The company had a trading volume of 426,198 shares, compared to its average volume of 242,910. The company has a current ratio of 13.15, a quick ratio of 13.15 and a debt-to-equity ratio of 2.64. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 14.64 and a beta of 1.45. The company’s 50-day moving average price is $62.71 and its 200-day moving average price is $60.88. Enova International has a one year low of $35.30 and a one year high of $81.52.

Insider Buying and Selling

In related news, CFO Steven E. Cunningham sold 30,590 shares of Enova International stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.00, for a total value of $1,927,170.00. Following the sale, the chief financial officer now owns 141,713 shares of the company’s stock, valued at approximately $8,927,919. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Steven E. Cunningham sold 30,590 shares of Enova International stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $63.00, for a total value of $1,927,170.00. Following the completion of the transaction, the chief financial officer now directly owns 141,713 shares in the company, valued at approximately $8,927,919. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kirk Chartier sold 41,303 shares of Enova International stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the transaction, the insider now owns 117,422 shares of the company’s stock, valued at $7,064,107.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 123,643 shares of company stock valued at $7,660,043. 7.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ENVA shares. Jefferies Financial Group raised their price target on shares of Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Maxim Group lifted their target price on shares of Enova International from $70.00 to $78.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. TD Cowen lifted their target price on shares of Enova International from $70.00 to $76.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Enova International from $60.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, April 25th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Enova International currently has an average rating of “Moderate Buy” and an average target price of $76.80.

About Enova International

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.