Elevate Credit (ELVT) Issues FY 2019 Earnings Guidance
Elevate Credit (NYSE:ELVT) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided EPS guidance of $0.55-0.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69. The company issued revenue guidance of $811-834 million, compared to the consensus revenue estimate of $882.35 million.
Shares of NYSE:ELVT traded up $0.01 during trading on Monday, hitting $4.38. 249,709 shares of the company’s stock were exchanged, compared to its average volume of 128,770. Elevate Credit has a 1-year low of $3.71 and a 1-year high of $11.27. The stock has a market cap of $188.77 million, a price-to-earnings ratio of 27.38 and a beta of 1.81.
ELVT has been the subject of several analyst reports. ValuEngine cut shares of Elevate Credit from a hold rating to a sell rating in a research report on Wednesday, October 24th. JMP Securities restated a market perform rating on shares of Elevate Credit in a report on Tuesday, October 30th. William Blair restated a market perform rating on shares of Elevate Credit in a report on Tuesday, October 30th. Stephens set a $5.00 price objective on shares of Elevate Credit and gave the company a hold rating in a report on Tuesday, October 30th. Finally, Credit Suisse Group decreased their price objective on shares of Elevate Credit from $10.50 to $8.00 and set an outperform rating for the company in a report on Tuesday, October 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Elevate Credit has an average rating of Hold and an average price target of $9.29.
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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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