Enova International (NYSE:ENVA) Announces Earnings Results, Beats Expectations By $0.08 EPS

Enova International (NYSE:ENVA) announced its earnings results on Tuesday. The credit services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.08, Zacks reports. Enova International had a net margin of 7.19% and a return on equity of 18.41%.

Enova International Price Performance

ENVA traded up $0.82 on Wednesday, hitting $113.76. 11,259 shares of the stock were exchanged, compared to its average volume of 198,235. Enova International has a 12 month low of $53.40 and a 12 month high of $117.39. The business has a 50-day moving average of $103.30 and a two-hundred day moving average of $91.98. The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 18.24 and a beta of 1.49.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. JMP Securities boosted their target price on shares of Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research report on Wednesday. BTIG Research upped their target price on shares of Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen upped their price target on shares of Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Finally, Stephens increased their target price on shares of Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Enova International presently has a consensus rating of “Moderate Buy” and an average target price of $101.57.

Insiders Place Their Bets

In related news, CEO David Fisher sold 10,000 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total value of $1,054,700.00. Following the transaction, the chief executive officer now directly owns 389,925 shares in the company, valued at $41,125,389.75. This trade represents a 2.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.80% of the company’s stock.

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.