Brokerages Anticipate Enova International Inc (ENVA) Will Post Earnings of $0.47 Per Share

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Equities analysts predict that Enova International Inc (NYSE:ENVA) will report earnings of $0.47 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Enova International’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.43. Enova International reported earnings per share of $0.25 during the same quarter last year, which would suggest a positive year-over-year growth rate of 88%. The company is scheduled to report its next earnings results on Thursday, October 25th.

According to Zacks, analysts expect that Enova International will report full year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.40 to $2.59. For the next year, analysts expect that the company will post earnings of $3.10 per share, with EPS estimates ranging from $2.78 to $3.36. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Enova International.

Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 26th. The credit services provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. Enova International had a net margin of 5.12% and a return on equity of 21.44%. The company had revenue of $253.30 million for the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter in the previous year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 33.4% on a year-over-year basis.

ENVA has been the topic of several recent research reports. Zacks Investment Research cut shares of Enova International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. TheStreet cut shares of Enova International from a “b-” rating to a “c” rating in a research note on Monday, July 30th. Maxim Group reaffirmed a “buy” rating and set a $32.00 target price on shares of Enova International in a research note on Friday, July 13th. Stephens set a $45.00 target price on shares of Enova International and gave the stock a “buy” rating in a research note on Friday, July 27th. Finally, ValuEngine cut shares of Enova International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 31st. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Enova International presently has an average rating of “Buy” and a consensus price target of $35.80.

ENVA traded up $0.50 on Friday, hitting $31.70. 246,191 shares of the company’s stock were exchanged, compared to its average volume of 254,921. Enova International has a fifty-two week low of $12.00 and a fifty-two week high of $39.00. The company has a quick ratio of 9.86, a current ratio of 9.86 and a debt-to-equity ratio of 2.29. The stock has a market cap of $1.04 billion, a PE ratio of 27.57 and a beta of 2.64.

Several hedge funds have recently made changes to their positions in ENVA. Rhumbline Advisers boosted its position in shares of Enova International by 2.9% during the 1st quarter. Rhumbline Advisers now owns 79,196 shares of the credit services provider’s stock valued at $1,746,000 after acquiring an additional 2,209 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Enova International by 2.8% during the 1st quarter. Prudential Financial Inc. now owns 577,060 shares of the credit services provider’s stock valued at $12,725,000 after acquiring an additional 15,962 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Enova International by 5.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 77,414 shares of the credit services provider’s stock valued at $1,707,000 after acquiring an additional 4,081 shares during the last quarter. Swiss National Bank boosted its position in shares of Enova International by 5.9% during the 1st quarter. Swiss National Bank now owns 46,900 shares of the credit services provider’s stock valued at $1,034,000 after acquiring an additional 2,600 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Enova International during the 1st quarter valued at about $841,000. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

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 through existing tools and technologies.

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