Enova International (ENVA) Set to Announce Quarterly Earnings on Tuesday

Enova International (NYSE:ENVA) will be posting its quarterly earnings results after the market closes on Tuesday, October 22nd. Analysts expect Enova International to post earnings of $2.09 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Enova International (NYSE:ENVA) last posted its quarterly earnings results on Tuesday, July 23rd. The credit services provider reported $2.21 EPS for the quarter, beating the consensus estimate of $2.07 by $0.14. Enova International had a net margin of 7.52% and a return on equity of 16.53%. The firm had revenue of $628.44 million for the quarter, compared to analyst estimates of $622.92 million. During the same quarter last year, the firm posted $1.57 earnings per share. Enova International’s revenue for the quarter was up 25.8% compared to the same quarter last year. On average, analysts expect Enova International to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Enova International Price Performance

ENVA opened at $86.84 on Friday. Enova International has a 52-week low of $35.30 and a 52-week high of $89.36. The company has a 50 day moving average of $82.42 and a two-hundred day moving average of $70.85. The company has a market cap of $2.45 billion, a P/E ratio of 15.62 and a beta of 1.43. The company has a quick ratio of 12.07, a current ratio of 12.07 and a debt-to-equity ratio of 2.78.

Enova International declared that its board has authorized a stock buyback plan on Monday, August 12th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the credit services provider to reacquire up to 12.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Steven E. Cunningham sold 23,867 shares of Enova International stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the sale, the chief financial officer now owns 133,471 shares in the company, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Enova International news, General Counsel Sean Rahilly sold 10,158 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Steven E. Cunningham sold 23,867 shares of Enova International stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $81.54, for a total value of $1,946,115.18. Following the completion of the transaction, the chief financial officer now owns 133,471 shares of the company’s stock, valued at approximately $10,883,225.34. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 56,725 shares of company stock worth $4,690,053 in the last three months. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JMP Securities increased their price target on Enova International from $93.00 to $103.00 and gave the company a “market outperform” rating in a report on Monday, October 14th. BTIG Research started coverage on Enova International in a report on Wednesday, August 14th. They set a “buy” rating and a $90.00 target price on the stock. StockNews.com cut Enova International from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Janney Montgomery Scott downgraded shares of Enova International from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. Finally, TD Cowen boosted 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, July 24th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.67.

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.