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

Enova International (NYSE:ENVA) announced its quarterly earnings results on Tuesday. The credit services provider reported $2.37 EPS for the quarter, beating 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

Shares of ENVA stock traded up $2.30 during trading on Tuesday, hitting $113.14. The company had a trading volume of 317,617 shares, compared to its average volume of 207,123. The stock’s 50-day moving average is $103.17 and its two-hundred day moving average is $91.69. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 18.04 and a beta of 1.49. The company has a quick ratio of 15.82, a current ratio of 15.82 and a debt-to-equity ratio of 2.79. Enova International has a 52 week low of $53.17 and a 52 week high of $115.07.

Insider Buying and Selling at Enova International

In related news, CEO David Fisher sold 13,314 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $101.74, for a total value of $1,354,566.36. Following the sale, the chief executive officer now directly owns 399,925 shares of the company’s stock, valued at $40,688,369.50. This trade represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 33,314 shares of company stock worth $3,465,166 over the last three months. 7.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ENVA shares. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Monday, October 21st. JMP Securities increased their price objective on Enova International from $103.00 to $109.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 23rd. BTIG Research lifted their target price on Enova International from $90.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Stephens assumed coverage on shares of Enova International in a report on Wednesday, November 13th. They issued an “overweight” rating and a $108.00 price target on the stock. Finally, TD Cowen boosted their price objective on shares of Enova International from $85.00 to $96.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Enova International has an average rating of “Moderate Buy” and a consensus price target of $91.14.

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.