Analysts expect Enova International, Inc. (NYSE:ENVA – Get a rating) to announce sales of $405.39 million for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Enova International. The highest sales estimate is $409.00 million and the lowest is $401.78 million. Enova International recorded sales of $264.72 million in the same quarter last year, indicating a positive growth rate of 53.1% year-on-year. The company is expected to release its next quarterly earnings report on Monday, January 1.
On average, analysts expect Enova International to report annual revenue of $1.67 billion for the current fiscal year, with estimates ranging from $1.66 billion to $1.69 billion. billion dollars. For the next fiscal year, analysts expect the company to post sales of $2.12 billion, with estimates ranging from $2.01 billion to $2.23 billion. Zacks Investment Research sales calculations are an average average based on a survey of research firms that provide coverage for Enova International.
Enova International (NYSE: ENVA – Get a rating) last announced its quarterly results on Tuesday, May 3. The credit services provider reported EPS of $1.67 for the quarter, beating analyst consensus estimates of $1.57 by $0.10. The company posted revenue of $386.00 million in the quarter, versus analyst estimates of $381.79 million. Enova International had a return on equity of 22.31% and a net margin of 17.45%. The company’s revenue increased 49.0% year over year. During the same quarter last year, the firm posted earnings per share of $2.08.
ENVA has been the subject of several recent research reports. Zacks Investment Research moved shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $50.00 on the stock in a Tuesday, February 8 report. JMP Securities raised its price target on Enova International shares from $48.00 to $54.00 and gave the company a “market outperforming” rating in a Monday, Feb. 7 report. Janney Montgomery Scott upgraded shares of Enova International from a “neutral” rating to a “buy” rating and set a price target of $49.00 on the stock in a Monday, March 14 report. StockNews.com upgraded shares of Enova International from a “hold” rating to a “buy” rating in a report on Friday, April 1. Finally, Maxim Group downgraded shares of Enova International from a “hold” rating to a “buy” rating and set a price target of $55.00 on the stock in a Monday, February 7, report. Five investment analysts have rated the stock with a buy rating. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $52.00.
Shares of NYSE ENVA opened at $33.65 on Friday. Enova International has a fifty-two week low of $30.04 and a fifty-two week high of $47.88. The company has a debt ratio of 1.57, a quick ratio of 11.64 and a current ratio of 14.64. The company has a market capitalization of $1.10 billion, a price-earnings ratio of 5.38 and a beta of 1.41. The company has a 50-day simple moving average of $37.39 and a two-hundred-day simple moving average of $39.27.
In other news, the General Counsel Sean Railly sold 1,430 shares in a transaction dated Monday, February 14. The shares were sold at an average price of $44.55, for a total value of $63,706.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. 7.20% of the shares are held by company insiders.
A number of institutional investors have recently increased or reduced their stake in the stock. Banc Funds Co. LLC increased its stake in Enova International by 18.8% during the third quarter. Banc Funds Co. LLC now owns 174,214 shares of the credit service provider worth $6,019,000 after purchasing an additional 27,600 shares during the period. Denali Advisors LLC increased its stake in Enova International by 64.1% during the fourth quarter. Denali Advisors LLC now owns 65,625 shares of the credit services provider worth $2,688,000 after purchasing an additional 25,625 shares during the period. BNP Paribas Arbitrage SA increased its stake in Enova International by 115.9% during the third quarter. BNP Paribas Arbitrage SA now owns 39,676 shares of the credit services provider worth $1,371,000 after purchasing an additional 21,295 shares during the period. Rowland & Co. Investment Counsel ADV bought a new position in Enova International during the fourth quarter worth approximately $699,000. Finally, Comerica Bank increased its stake in Enova International by 51.7% during the first quarter. Comerica Bank now owns 49,316 shares of the credit service provider worth $1,937,000 after purchasing an additional 16,805 shares during the period. Hedge funds and other institutional investors own 91.90% of the company’s shares.
About Enova International (Get a rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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