Enova International (NYSE:ENVA) Posts Earnings Results, Beats Expectations By $0.14 EPS

Enova International (NYSE:ENVA) posted its quarterly earnings data on Tuesday. The credit services provider reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.31 by $0.14, Briefing.com reports. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The firm had revenue of $689.92 million for the quarter, compared to the consensus estimate of $666.33 million. During the same period in the prior year, the firm posted $1.33 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year.

Enova International Price Performance

Shares of NYSE ENVA traded down $0.71 during mid-day trading on Wednesday, reaching $89.16. The company had a trading volume of 96,198 shares, compared to its average volume of 230,803. Enova International has a 1-year low of $35.30 and a 1-year high of $96.00. The stock has a market cap of $2.51 billion, a PE ratio of 16.82 and a beta of 1.43. The company has a current ratio of 12.07, a quick ratio of 12.07 and a debt-to-equity ratio of 2.78. The company has a 50-day moving average price of $82.82 and a two-hundred day moving average price of $71.26.

Enova International announced that its board has authorized a stock repurchase program on Monday, August 12th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the credit services provider to repurchase up to 12.5% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, General Counsel Sean Rahilly sold 10,158 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $81.36, for a total transaction of $826,454.88. Following the sale, the general counsel now owns 101,949 shares in the company, valued at $8,294,570.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Sean Rahilly sold 10,158 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $81.36, for a total value of $826,454.88. Following the completion of the sale, the general counsel now directly owns 101,949 shares of the company’s stock, valued at approximately $8,294,570.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Linda Johnson Rice sold 2,700 shares of Enova International stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $88.29, for a total value of $238,383.00. Following the transaction, the director now directly owns 7,486 shares in the company, valued at approximately $660,938.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,725 shares of company stock valued at $4,690,053. 7.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Janney Montgomery Scott lowered shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. JMP Securities raised their price target on shares of Enova International from $103.00 to $109.00 and gave the company a “market outperform” rating in a research note on Wednesday. TD Cowen lifted their price target on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. BTIG Research increased their price objective on Enova International from $90.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Enova International Company Profile

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.