Enova International (NYSE:ENVA) Releases Quarterly Earnings Results, Beats Estimates By $0.33 EPS

Key Points

• Enova International reported a quarterly earnings per share (EPS) of $3.11, exceeding analysts' estimates of $3.04 by $0.07.
• The company experienced a trading volume of 373,759 shares on the day of the earnings report, with its stock price reaching $113.53.
• Insiders sold a total of 92,788 shares worth approximately $11 million in the last quarter, with notable transactions from CAO James Joseph Lee and CEO David Fisher.

Enova International (NYSE:ENVA - Get Free Report) released its earnings results on Thursday. The credit services provider reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.03 by $0.33, Briefing.com reports. The company had revenue of $802.68 million during the quarter, compared to analyst estimates of $806.63 million. Enova International had a return on equity of 23.33% and a net margin of 8.75%.Enova International's quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share.

Enova International Price Performance

Enova International stock opened at $113.53 on Friday. Enova International has a 12 month low of $79.41 and a 12 month high of $130.34. The company has a current ratio of 18.15, a quick ratio of 18.15 and a debt-to-equity ratio of 3.23. The business's 50 day simple moving average is $115.61 and its 200 day simple moving average is $105.77. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 12.05 and a beta of 1.49.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ENVA shares. Zacks Research lowered Enova International from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 25th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Enova International in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Enova International presently has an average rating of "Buy" and an average target price of $111.00.

Insider Activity at Enova International

In other Enova International news, CFO Steven E. Cunningham sold 26,310 shares of the stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $105.72, for a total transaction of $2,781,493.20. Following the sale, the chief financial officer owned 131,157 shares in the company, valued at $13,865,918.04. This represents a 16.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David Fisher sold 35,000 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $125.55, for a total value of $4,394,250.00. Following the sale, the chief executive officer owned 348,223 shares in the company, valued at approximately $43,719,397.65. This represents a 9.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,788 shares of company stock worth $11,009,765. Insiders own 8.40% of the company's stock.

Institutional Investors Weigh In On Enova International

An institutional investor recently raised its position in Enova International stock. California State Teachers Retirement System lifted its position in Enova International, Inc. (NYSE:ENVA - Free Report) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,268 shares of the credit services provider's stock after purchasing an additional 105 shares during the quarter. California State Teachers Retirement System owned about 0.10% of Enova International worth $2,706,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 89.43% of the company's stock.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; CSO programs, including arranging loans with independent third-party lenders and assisting in the preparation of loan applications and loan documents; and bank programs, such as marketing services and loan servicing for near-prime unsecured consumer installment loan.