Enova International, Inc. (ENVA) Releases Quarterly Earnings Results
Enova International, Inc. (NYSE:ENVA) announced its earnings results on Thursday. The credit services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09, Bloomberg Earnings reports. Enova International had a return on equity of 15.97% and a net margin of 5.42%. The company had revenue of $217.88 million for the quarter, compared to the consensus estimate of $210.27 million. During the same period last year, the business posted $0.28 EPS. The company’s revenue was up 11.2% on a year-over-year basis. Enova International updated its Q4 guidance to $0.14-0.33 EPS.
Enova International (NYSE ENVA) traded down 1.67% during mid-day trading on Friday, hitting $14.75. The company had a trading volume of 473,953 shares. The firm has a market cap of $496.82 million, a P/E ratio of 11.88 and a beta of 3.48. The stock’s 50 day moving average price is $13.55 and its 200 day moving average price is $13.91. Enova International has a 52-week low of $8.75 and a 52-week high of $16.80.
Enova International announced that its board has authorized a share buyback plan on Friday, September 15th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the credit services provider to repurchase up to 63% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
ENVA has been the topic of several analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. Maxim Group reiterated a “buy” rating and issued a $18.00 target price on shares of Enova International in a research note on Monday, October 9th. BidaskClub downgraded Enova International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research downgraded Enova International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $15.00.
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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