$211.50 Million in Sales Expected for Enova International, Inc. (ENVA) This Quarter
Wall Street analysts predict that Enova International, Inc. (NYSE:ENVA) will post $211.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Enova International’s earnings. The highest sales estimate is $212.00 million and the lowest is $211.00 million. Enova International reported sales of $195.94 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Enova International will report full year sales of $211.50 million for the current financial year, with estimates ranging from $812.42 million to $829.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $925.66 million per share, with estimates ranging from $890.31 million to $961.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Enova International.
Enova International (NYSE:ENVA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. Enova International had a net margin of 5.42% and a return on equity of 15.97%. The firm had revenue of $189.90 million for the quarter, compared to analyst estimates of $193.70 million. During the same quarter last year, the business earned $0.25 earnings per share. Enova International’s revenue was up 10.1% compared to the same quarter last year.
Several research firms recently weighed in on ENVA. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of Enova International in a research note on Friday, July 14th. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Wednesday, May 10th. ValuEngine raised shares of Enova International from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut shares of Enova International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Maxim Group began coverage on shares of Enova International in a research note on Wednesday, July 12th. They issued a “buy” rating and a $18.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $14.42.
Institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL bought a new position in Enova International during the first quarter worth approximately $165,000. Tudor Investment Corp ET AL bought a new position in Enova International during the second quarter worth approximately $175,000. Arizona State Retirement System boosted its position in Enova International by 1.7% in the first quarter. Arizona State Retirement System now owns 12,164 shares of the credit services provider’s stock worth $181,000 after buying an additional 200 shares during the period. Airain ltd bought a new position in Enova International during the first quarter worth approximately $187,000. Finally, Affinity Investment Advisors LLC bought a new position in Enova International during the first quarter worth approximately $225,000. 93.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Enova International (NYSE:ENVA) traded down 0.86% during mid-day trading on Thursday, reaching $11.50. 360,810 shares of the company were exchanged. The company’s 50 day moving average price is $14.13 and its 200 day moving average price is $14.18. Enova International has a 12 month low of $8.68 and a 12 month high of $16.80. The firm has a market capitalization of $387.35 million, a PE ratio of 9.26 and a beta of 3.41.
Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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