Enova International, Inc. (ENVA) Expected to Post Earnings of $0.15 Per Share
Equities analysts predict that Enova International, Inc. (NYSE:ENVA) will report $0.15 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Enova International’s earnings. Enova International posted earnings of $0.28 per share during the same quarter last year, which would indicate a negative year over year growth rate of 46.4%. The business is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Enova International will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.26 to $1.32. For the next year, analysts expect that the firm will report earnings of $1.73 per share, with EPS estimates ranging from $1.70 to $1.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Enova International.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The business had revenue of $189.90 million for the quarter, compared to analyst estimates of $193.70 million. During the same quarter in the prior year, the company earned $0.25 earnings per share. The company’s revenue was up 10.1% on a year-over-year basis.
Several equities analysts recently weighed in on ENVA shares. Jefferies Group LLC restated a “buy” rating and set a $17.00 target price on shares of Enova International in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Enova International from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, May 10th. ValuEngine upgraded shares of Enova International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. BidaskClub lowered shares of Enova International from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. Finally, Maxim Group assumed coverage on shares of Enova International in a report on Wednesday, July 12th. They set a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Enova International currently has an average rating of “Buy” and a consensus target price of $14.42.
Enova International (ENVA) traded down 0.41% during mid-day trading on Tuesday, hitting $12.00. The stock had a trading volume of 209,533 shares. The company has a 50 day moving average price of $14.49 and a 200-day moving average price of $14.26. Enova International has a one year low of $8.68 and a one year high of $16.80. The company has a market cap of $404.20 million, a price-to-earnings ratio of 9.66 and a beta of 3.41.
A number of institutional investors have recently modified their holdings of the company. Nomura Holdings Inc. raised its position in shares of Enova International by 21.6% in the second quarter. Nomura Holdings Inc. now owns 191,176 shares of the credit services provider’s stock worth $2,836,000 after buying an additional 33,989 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Enova International by 12.3% in the second quarter. California State Teachers Retirement System now owns 58,586 shares of the credit services provider’s stock worth $870,000 after buying an additional 6,400 shares in the last quarter. State Street Corp raised its position in shares of Enova International by 11.1% in the second quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock worth $9,516,000 after buying an additional 63,865 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Enova International by 4.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 337,727 shares of the credit services provider’s stock worth $5,014,000 after buying an additional 13,100 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in shares of Enova International during the second quarter worth approximately $175,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.
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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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