$336.49 Million in Sales Expected for Enova International Inc (NYSE:ENVA) This Quarter

Analysts expect Enova International Inc (NYSE:ENVA) to post $336.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Enova International’s earnings, with the highest sales estimate coming in at $337.00 million and the lowest estimate coming in at $335.97 million. Enova International reported sales of $293.88 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.5%. The company is expected to issue its next earnings results on Thursday, October 24th.

On average, analysts expect that Enova International will report full-year sales of $1.29 billion for the current year. For the next fiscal year, analysts anticipate that the firm will post sales of $1.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Enova International.

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

ENVA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Enova International from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, July 31st. Maxim Group set a $40.00 target price on shares of Enova International and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, ValuEngine upgraded shares of Enova International from a “strong sell” rating to a “sell” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Enova International 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 company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $25.11, for a total value of $450,071.64. Following the completion of the transaction, the chief executive officer now owns 409,499 shares in the company, valued at $10,282,519.89. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ENVA. Panagora Asset Management Inc. raised its position in Enova International by 2.0% during the second quarter. Panagora Asset Management Inc. now owns 357,039 shares of the credit services provider’s stock worth $8,230,000 after acquiring an additional 6,852 shares during the last quarter. Marshall Wace LLP purchased a new position in Enova International during the second quarter worth about $3,944,000. Tieton Capital Management LLC grew its position in Enova International by 7.3% during the second quarter. Tieton Capital Management LLC now owns 164,510 shares of the credit services provider’s stock worth $3,792,000 after buying an additional 11,160 shares in the last quarter. Globeflex Capital L P grew its position in Enova International by 1.6% during the first quarter. Globeflex Capital L P now owns 161,789 shares of the credit services provider’s stock worth $3,692,000 after buying an additional 2,605 shares in the last quarter. Finally, Voce Capital Management LLC purchased a new position in Enova International during the second quarter worth about $3,223,000. Hedge funds and other institutional investors own 91.94% of the company’s stock.

Shares of ENVA traded up $0.42 during trading hours on Friday, reaching $24.58. 8,939 shares of the company traded hands, compared to its average volume of 350,961. The stock has a market capitalization of $838.43 million, a P/E ratio of 10.63 and a beta of 2.42. The company has a quick ratio of 5.37, a current ratio of 5.37 and a debt-to-equity ratio of 1.93. Enova International has a 12-month low of $17.85 and a 12-month high of $36.75. The business has a fifty day moving average price of $23.90 and a 200-day moving average price of $24.06.

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.

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