Enova International (NYSE:ENVA) Posts Earnings Results, Beats Expectations By $0.23 EPS

Key Points

• Enova International reported $3.23 earnings per share, surpassing analyst estimates of $3.00 by $0.23, along with a revenue of $764.04 million, which is higher than the predicted $756.69 million.
• The company's stock price fell 4.8% to $106.34 following the earnings announcement, despite a market capitalization of $2.70 billion and a price-to-earnings ratio of 11.29.
• Insider trading activity saw CEO David Fisher and General Counsel Sean Rahilly sell shares worth a combined total of $1.4 million, indicating a potential decrease in insider confidence.

Enova International (NYSE:ENVA - Get Free Report) released its quarterly earnings data on Thursday. The credit services provider reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $3.00 by $0.23, Briefing.com reports. The firm had revenue of $764.04 million during the quarter, compared to analyst estimates of $756.69 million. Enova International had a return on equity of 23.51% and a net margin of 8.75%. The business's quarterly revenue was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.21 earnings per share.

Enova International Trading Down 4.8%

ENVA stock traded down $5.40 during midday trading on Friday, reaching $106.34. The company's stock had a trading volume of 927,192 shares, compared to its average volume of 348,506. The company has a debt-to-equity ratio of 3.14, a quick ratio of 18.55 and a current ratio of 18.55. The stock has a fifty day simple moving average of $103.56 and a two-hundred day simple moving average of $101.07. Enova International has a 1 year low of $72.43 and a 1 year high of $119.06. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 11.29 and a beta of 1.48.

Insiders Place Their Bets

In related news, CEO David Fisher sold 5,000 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $115.23, for a total transaction of $576,150.00. Following the sale, the chief executive officer owned 348,223 shares of the company's stock, valued at $40,125,736.29. This trade represents a 1.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Sean Rahilly sold 9,046 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $95.05, for a total value of $859,822.30. Following the sale, the general counsel directly owned 103,842 shares in the company, valued at approximately $9,870,182.10. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,046 shares of company stock worth $1,830,112. Insiders own 8.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen raised Enova International from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Tuesday, April 1st. Seaport Res Ptn raised shares of Enova International to a "strong-buy" rating in a report on Wednesday, May 14th. Finally, JMP Securities restated a "market outperform" rating and issued a $135.00 price target on shares of Enova International in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $111.00.

About Enova International

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.

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