Analysts expect Enova International Inc (NYSE:ENVA) to report $232.72 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Enova International’s earnings, with the highest sales estimate coming in at $239.00 million and the lowest estimate coming in at $226.43 million. Enova International posted sales of $202.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15%. The company is expected to report its next quarterly earnings results on Thursday, February 1st.
On average, analysts expect that Enova International will report full year sales of $232.72 million for the current year, with estimates ranging from $826.48 million to $839.00 million. For the next financial year, analysts anticipate that the company will report sales of $949.09 million per share, with estimates ranging from $909.18 million to $989.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Enova International.
Enova International (NYSE:ENVA) last released its earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The firm had revenue of $217.88 million during the quarter, compared to analysts’ expectations of $210.27 million. During the same period in the previous year, the firm posted $0.28 EPS. Enova International’s revenue for the quarter was up 11.2% on a year-over-year basis.
Enova International (NYSE:ENVA) traded up $0.25 on Thursday, reaching $15.90. The company had a trading volume of 154,200 shares, compared to its average volume of 130,250. Enova International has a 1 year low of $11.15 and a 1 year high of $16.80. The firm has a market cap of $532.09, a PE ratio of 17.47 and a beta of 3.30. The company has a debt-to-equity ratio of 2.79, a current ratio of 8.14 and a quick ratio of 8.14.
Enova International announced that its Board of Directors has initiated a share buyback program on Friday, September 15th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the credit services provider to purchase up to 63% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Enova International news, Director Mark Mcgowan purchased 30,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was bought at an average cost of $13.97 per share, with a total value of $419,100.00. Following the acquisition, the director now directly owns 22,689 shares of the company’s stock, valued at $316,965.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of Enova International by 69.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after purchasing an additional 9,637 shares during the last quarter. Hartford Investment Management Co. purchased a new stake in Enova International during the 3rd quarter valued at approximately $178,000. Ameriprise Financial Inc. raised its stake in Enova International by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 484,120 shares of the credit services provider’s stock valued at $6,511,000 after acquiring an additional 50,818 shares during the last quarter. CNA Financial Corp raised its stake in Enova International by 31.4% during the 3rd quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock valued at $463,000 after acquiring an additional 8,232 shares during the last quarter. Finally, Comerica Bank raised its stake in Enova International by 43.6% during the 3rd quarter. Comerica Bank now owns 35,466 shares of the credit services provider’s stock valued at $516,000 after acquiring an additional 10,775 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
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About Enova International
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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