Zacks: Brokerages Anticipate Enova International Inc (NYSE:ENVA) Will Announce Earnings of $0.63 Per Share

Equities research analysts predict that Enova International Inc (NYSE:ENVA) will announce $0.63 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Enova International’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.66. Enova International reported earnings per share of $0.59 in the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The company is expected to issue its next quarterly earnings results on Thursday, July 25th.

On average, analysts expect that Enova International will report full year earnings of $3.37 per share for the current year, with EPS estimates ranging from $3.35 to $3.40. For the next financial year, analysts forecast that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.56 to $4.03. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Enova International.

Enova International (NYSE:ENVA) last issued its quarterly earnings data on Thursday, April 25th. The credit services provider reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.25. Enova International had a net margin of 6.70% and a return on equity of 24.24%. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $293.66 million. During the same period in the prior year, the firm posted $1.02 EPS. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year.

A number of research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Enova International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating and set a $30.00 target price for the company in a research report on Thursday, May 2nd. Finally, TheStreet raised shares of Enova International from a “c+” rating to a “b-” rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. Enova International has an average rating of “Buy” and a consensus price target of $37.50.

ENVA stock traded down $0.47 during trading on Friday, reaching $23.61. The stock had a trading volume of 2,994 shares, compared to its average volume of 229,752. Enova International has a one year low of $17.85 and a one year high of $39.00. The company has a market capitalization 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.

Institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC grew its position in shares of Enova International by 20.7% during the 4th quarter. Flinton Capital Management LLC now owns 3,824 shares of the credit services provider’s stock valued at $74,000 after acquiring an additional 656 shares during the period. First Quadrant L P CA grew its position in shares of Enova International by 19.3% during the 1st quarter. First Quadrant L P CA now owns 6,165 shares of the credit services provider’s stock valued at $141,000 after acquiring an additional 998 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Enova International during the 1st quarter valued at approximately $210,000. Zebra Capital Management LLC purchased a new stake in shares of Enova International during the 1st quarter valued at approximately $210,000. Finally, Metropolitan Life Insurance Co. NY lifted its stake in shares of Enova International by 321.9% during 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 buying an additional 8,466 shares in the last quarter. 95.12% of the stock is owned by hedge funds and other institutional investors.

Enova International Company Profile

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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