Equity research analysts expect Enova International, Inc. (NYSE:ENVA – Get Rating) to report sales of $405.39 million for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Enova International, with the lowest sales estimate of $401.78 million and the highest estimate of $409.00 million. Enova International recorded sales of $264.72 million in the same quarter last year, which would indicate a positive growth rate of 53.1% year-over-year. The company is due to release its next earnings report on Monday, January 1.
According to Zacks, analysts expect Enova International to report annual revenue of $1.67 billion for the current year, with estimates ranging from $1.66 billion to $1.69 billion. dollars. For next year, analysts expect the company to post sales of $2.12 billion, with estimates ranging from $2.01 billion to $2.23 billion. Zacks sales calculations are an average based on a survey of sell-side research analysts who follow Enova International.
Enova International (NYSE:ENVA – Get Rating) last released quarterly earnings data on Tuesday, May 3. The credit services provider reported EPS of $1.67 for the quarter, beating consensus analyst estimates of $1.57 by $0.10. Enova International had a return on equity of 22.31% and a net margin of 17.45%. The company posted revenue of $386.00 million in the quarter, compared to $381.79 million expected by analysts. In the same period a year earlier, the company had earned earnings per share of $2.08. The company’s revenues increased by 49.0% compared to the same quarter last year.
ENVA has been the subject of several research reports. Janney Montgomery Scott upgraded Enova International from a “neutral” rating to a “buy” rating and set a target price of $49.00 on the stock in a Monday, March 14 research note. Maxim Group upgraded Enova International from a “hold” rating to a “buy” rating and set a price target of $55.00 on the stock in a Monday, February 7 report. JMP Securities raised its price target on Enova International from $48.00 to $54.00 and gave the stock a “market outperforming” rating in a Monday, Feb. 7 research note. Zacks Investment Research upgraded Enova International from a “buy” to a “hold” rating in a Monday, May 16 research report. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a Friday, April 1 research report. One investment analyst gave the stock a hold rating and four gave the company’s stock a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $52.00.
NYSE ENVA opened at $31.58 on Friday. The stock’s fifty-day moving average is $35.65 and its two-hundred-day moving average is $38.60. The company has a market capitalization of $1.03 billion, a P/E ratio of 5.04 and a beta of 1.41. The company has a debt ratio of 1.57, a quick ratio of 14.64 and a current ratio of 14.64. Enova International has a fifty-two week minimum of $28.80 and a fifty-two week maximum of $47.88.
Institutional investors have recently changed their positions in the stock. Assetmark Inc. increased its position in shares of Enova International by 10.1% during the third quarter. Assetmark Inc. now owns 50,973 shares of the credit service provider worth $1,761,000 after purchasing an additional 4,697 shares during the period. Arizona State Retirement System increased its stake in Enova International by 3.0% during the third quarter. Arizona State Retirement System now owns 10,011 shares of the credit service provider valued at $346,000 after purchasing an additional 290 shares during the period. California State Teachers Retirement System increased its stake in shares of Enova International by 0.7% in the third quarter. California State Teachers Retirement System now owns 50,304 shares of the credit service provider worth $1,738,000 after acquiring 354 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its equity stake in Enova International by 115.9% in the third quarter. BNP Paribas Arbitrage SA now owns 39,676 shares of the credit services provider worth $1,371,000 after acquiring an additional 21,295 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Enova International by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 433,634 shares of the credit service provider worth $14,983,000 after acquiring 2,606 additional shares in the last quarter. 91.90% of the shares are held by hedge funds and other institutional investors.
Enova International Company Profile (Get a rating)
Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia and Canada. The company offers installment loans; line of credit accounts; debt purchase agreements; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and banking programs, such as marketing services and loan servicing for prime unsecured consumer installment loans.
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