Wall Street analysts forecast that Enova International Inc (NYSE:ENVA) will report earnings per share (EPS) of $0.79 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Enova International’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.83. Enova International posted earnings of $0.46 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 71.7%. The firm is scheduled to report its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Enova International will report full year earnings of $3.56 per share for the current year, with EPS estimates ranging from $3.36 to $3.67. For the next fiscal year, analysts anticipate that the company will report earnings of $4.01 per share, with EPS estimates ranging from $3.56 to $4.24. Zacks’ EPS averages are an average based on a survey of research analysts that follow Enova International.

Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, July 25th. The credit services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.17. Enova International had a return on equity of 24.84% and a net margin of 7.09%. The business had revenue of $285.70 million during the quarter, compared to analysts’ expectations of $281.54 million. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year.

A number of research firms recently issued reports on ENVA. Zacks Investment Research raised Enova International from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Wednesday, July 31st. ValuEngine raised Enova International from a “strong sell” rating to a “sell” rating in a report on Monday, July 29th. Finally, Maxim Group set a $40.00 price target on Enova International and gave the company a “buy” rating in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.33.

In other Enova International news, CEO David Fisher sold 17,924 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $25.11, for a total transaction of $450,071.64. Following the completion of the sale, the chief executive officer now directly owns 409,499 shares of the company’s stock, valued at approximately $10,282,519.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.

A number of large investors have recently made changes to their positions in ENVA. Meeder Asset Management Inc. acquired a new position in shares of Enova International in the 2nd quarter valued at approximately $27,000. First Quadrant L P CA grew its position in shares of Enova International by 19.3% in 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 purchasing an additional 998 shares during the period. SG Americas Securities LLC acquired a new position in shares of Enova International in the 1st quarter valued at approximately $210,000. BNP Paribas Arbitrage SA grew its position in shares of Enova International by 70.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,473 shares of the credit services provider’s stock valued at $307,000 after purchasing an additional 5,566 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Enova International in the 1st quarter valued at approximately $381,000. 91.94% of the stock is owned by hedge funds and other institutional investors.

Shares of Enova International stock traded up $0.42 during trading on Friday, reaching $24.58. The company’s stock had a trading volume of 8,939 shares, compared to its average volume of 350,961. The stock has a 50-day moving average price of $23.90 and a two-hundred day moving average price of $24.06. The company has a current ratio of 5.37, a quick ratio of 5.37 and a debt-to-equity ratio of 1.93. Enova International has a one year low of $17.85 and a one year high of $36.75. The stock has a market capitalization of $838.43 million, a P/E ratio of 10.63 and a beta of 2.42.

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.

Further Reading: Hold Rating

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