Wall Street brokerages predict that Elevate Credit (NYSE:ELVT) will announce $0.15 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Elevate Credit’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.19. Elevate Credit posted earnings per share of $0.08 during the same quarter last year, which suggests a positive year-over-year growth rate of 87.5%. The company is scheduled to report its next quarterly earnings report on Monday, July 30th.
On average, analysts expect that Elevate Credit will report full year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.66 to $0.85. For the next year, analysts expect that the business will report earnings of $1.13 per share, with EPS estimates ranging from $1.09 to $1.21. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Elevate Credit.
Elevate Credit (NYSE:ELVT) last issued its quarterly earnings results on Monday, April 30th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The company had revenue of $193.50 million for the quarter, compared to the consensus estimate of $189.40 million. Elevate Credit had a return on equity of 12.91% and a net margin of 0.13%. Elevate Credit’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share.
In related news, COO Jason Harvison sold 6,792 shares of the stock in a transaction that occurred on Monday, April 16th. The stock was sold at an average price of $7.51, for a total value of $51,007.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Dean sold 216,263 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $8.48, for a total value of $1,833,910.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 353,019 shares of company stock worth $2,969,477. Company insiders own 32.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in shares of Elevate Credit in the fourth quarter valued at approximately $267,000. Spark Investment Management LLC acquired a new stake in shares of Elevate Credit in the first quarter valued at approximately $368,000. Deutsche Bank AG increased its holdings in shares of Elevate Credit by 184.1% in the fourth quarter. Deutsche Bank AG now owns 39,808 shares of the company’s stock valued at $299,000 after purchasing an additional 25,797 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Elevate Credit in the first quarter valued at approximately $103,000. Finally, Millennium Management LLC acquired a new stake in shares of Elevate Credit in the fourth quarter valued at approximately $102,000. 42.76% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE ELVT traded up $0.12 during midday trading on Wednesday, hitting $8.38. The stock had a trading volume of 86,200 shares, compared to its average volume of 153,147. The company has a market cap of $348.69 million, a PE ratio of 52.38 and a beta of 0.73. Elevate Credit has a 1 year low of $5.90 and a 1 year high of $9.48.
Elevate Credit Company Profile
Elevate Credit, Inc provides online credit solutions to non-prime consumers in the United States and the United Kingdom. The company offers unsecured online installment loans and lines of credit. Its products include Rise installment loan and line of credit products; Elastic, a line of credit product; and Sunny installment loan products.
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