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

Enova International (NYSE:ENVA - Get Free Report) posted its quarterly earnings results on Tuesday. The credit services provider reported $2.45 EPS for the quarter, beating the consensus estimate 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 business had revenue of $689.92 million during the quarter, compared to analyst estimates of $666.33 million. During the same quarter in the previous year, the business posted $1.33 EPS. The company's quarterly revenue was up 25.1% compared to the same quarter last year.

Enova International Stock Performance

NYSE:ENVA traded down $1.70 during trading hours on Wednesday, hitting $88.17. 595,100 shares of the company were exchanged, compared to its average volume of 233,316. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 15.86 and a beta of 1.43. Enova International has a 52-week low of $35.30 and a 52-week high of $96.01. The company has a debt-to-equity ratio of 2.78, a current ratio of 12.07 and a quick ratio of 12.07. The company's 50 day moving average price is $82.98 and its 200-day moving average price is $71.38.

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 outstanding shares. This buyback authorization authorizes the credit services provider to buy up to 12.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Insiders Place Their Bets

In other Enova International news, CEO David Fisher sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total transaction of $844,500.00. Following the sale, the chief executive officer now owns 413,239 shares of the company's stock, valued at approximately $34,898,033.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO David Fisher sold 10,000 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $84.45, for a total value of $844,500.00. Following the sale, the chief executive officer now directly owns 413,239 shares of the company's stock, valued at $34,898,033.55. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Steven E. Cunningham sold 23,867 shares of the company's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $81.54, for a total transaction of $1,946,115.18. Following the completion of the sale, the chief financial officer now directly owns 133,471 shares in the company, valued at $10,883,225.34. This trade represents a 0.00 % decrease in their ownership of the stock. 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. Insiders own 7.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on ENVA. Janney Montgomery Scott lowered shares of Enova International from a "buy" rating to a "neutral" rating in a research note on Monday, August 26th. StockNews.com upgraded shares of Enova International from a "hold" rating to a "buy" rating in a research note on Monday. BTIG Research boosted their price objective on shares of Enova International from $90.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday. TD Cowen boosted their price objective on shares of Enova International from $85.00 to $96.00 and gave the stock a "hold" rating in a research note on Wednesday. Finally, JMP Securities boosted their price objective on shares of Enova International from $103.00 to $109.00 and gave the stock a "market outperform" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Enova International presently has an average rating of "Moderate Buy" and a consensus target price of $88.33.

About Enova International

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.