Analysts predict that Enova International Inc (NYSE:ENVA) will announce sales of $281.85 million for the current quarter, according to Zacks. Two analysts have made estimates for Enova International’s earnings. The lowest sales estimate is $280.69 million and the highest is $283.00 million. Enova International posted sales of $253.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 11.3%. The firm is expected to issue its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Enova International will report full-year sales of $1.28 billion for the current financial year. For the next financial year, analysts anticipate that the company will post sales of $1.46 billion, with estimates ranging from $1.44 billion to $1.48 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Enova International.
Enova International (NYSE:ENVA) last posted its quarterly earnings data on Thursday, April 25th. The credit services provider reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.25. The business had revenue of $293.18 million for the quarter, compared to analysts’ expectations of $293.66 million. Enova International had a net margin of 6.70% and a return on equity of 24.24%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.02 earnings per share.
A number of research analysts have weighed in on ENVA shares. TheStreet upgraded Enova International from a “c+” rating to a “b-” rating in a report on Friday, February 15th. ValuEngine cut Enova International from a “sell” rating to a “strong sell” rating in a research note on Friday, May 10th. Finally, Zacks Investment Research cut Enova International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $37.50.
A number of institutional investors have recently made changes to their positions in ENVA. Flinton Capital Management LLC boosted its position in Enova International by 20.7% during the fourth quarter. Flinton Capital Management LLC now owns 3,824 shares of the credit services provider’s stock valued at $74,000 after purchasing an additional 656 shares during the last quarter. First Quadrant L P CA boosted its holdings in shares of Enova International by 19.3% in the 1st quarter. First Quadrant L P CA now owns 6,165 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 998 shares in the last quarter. SG Americas Securities LLC acquired a new position in Enova International during the 1st quarter worth $210,000. Zebra Capital Management LLC acquired a new position in Enova International during the 1st quarter worth $210,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Enova International by 321.9% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,096 shares of the credit services provider’s stock valued at $216,000 after purchasing an additional 8,466 shares during the period. 95.12% of the stock is currently owned by hedge funds and other institutional investors.
Shares of ENVA stock traded down $0.47 during mid-day trading on Tuesday, hitting $23.61. 2,994 shares of the stock traded hands, compared to its average volume of 229,752. The firm has a market cap of $801.43 million, a price-to-earnings ratio of 10.08 and a beta of 2.49. The company has a debt-to-equity ratio of 2.09, a quick ratio of 5.88 and a current ratio of 5.88. Enova International has a 52-week low of $17.85 and a 52-week high of $39.00.
About Enova International
Enova International, Inc, a technology and analytics company, provides online financial services. The company offers short-term consumer loans; line of credit accounts; installment loans; receivables purchase agreements; CSO programs, including credit-related services, such as arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs comprising technology, loan servicing, and marketing services to the bank, as well as Enova Decisions, an analytics as a service that enables companies to take decisions about their customers.
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