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. Elevate Credit, Inc. was incorporated in 2014 and is headquartered in Fort Worth, Texas.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Nondepository credit institutions
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:ELVT
Previous Symbol
CUSIPN/A
Phone817-928-1500
Debt
Debt-to-Equity RatioN/A
Current Ratio1.07
Quick Ratio1.07
Price-To-Earnings
Trailing P/E Ratio26.94
Forward P/E Ratio10.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$673.13 million
Price / Sales0.28
Cash Flow$0.6311 per share
Price / Cash6.94
Book Value$2.30 per share
Price / Book1.90
Profitability
EPS (Most Recent Fiscal Year)$0.16
Net Income$-6,910,000.00
Net Margins-0.49%
Return on Equity12.82%
Return on Assets1.96%
Miscellaneous
Employees615
Outstanding Shares43,190,000
Market Cap$181.40 million
OptionableNot Optionable
Elevate Credit (NYSE:ELVT) Frequently Asked Questions
What is Elevate Credit's stock symbol?
Elevate Credit trades on the New York Stock Exchange (NYSE) under the ticker symbol "ELVT."
How were Elevate Credit's earnings last quarter?
Elevate Credit Inc (NYSE:ELVT) issued its quarterly earnings data on Monday, October, 29th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.13 by $0.23. The business had revenue of $201.48 million for the quarter, compared to analysts' expectations of $201.71 million. Elevate Credit had a negative net margin of 0.49% and a positive return on equity of 12.82%. The business's quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. View Elevate Credit's Earnings History.
When is Elevate Credit's next earnings date?
What guidance has Elevate Credit issued on next quarter's earnings?
Elevate Credit updated its FY18 earnings guidance on Monday, October, 29th. The company provided EPS guidance of $0.23-0.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.67. The company issued revenue guidance of $790-795 million, compared to the consensus revenue estimate of $802.97 million.
What price target have analysts set for ELVT?
7 Wall Street analysts have issued 1-year target prices for Elevate Credit's stock. Their predictions range from $5.00 to $13.00. On average, they expect Elevate Credit's share price to reach $9.80 in the next twelve months. This suggests a possible upside of 126.3% from the stock's current price. View Analyst Price Targets for Elevate Credit.
What is the consensus analysts' recommendation for Elevate Credit?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elevate Credit in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Elevate Credit.
Has Elevate Credit been receiving favorable news coverage?
Media headlines about ELVT stock have been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Elevate Credit earned a coverage optimism score of 0.9 on InfoTrie's scale. They also gave news articles about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
Who are some of Elevate Credit's key competitors?
Some companies that are related to Elevate Credit include Curo Group (CURO), On Deck Capital (ONDK), Everi (EVRI), America First Multifamily Investors (ATAX), Hexindai (HX), WMIH (COOP), Easterly Acquisition (EACQ), Medallion Financial (MFIN), China Rapid Finance (XRF), Senmiao Technology (AIHS), Golden Bull (DNJR), Security National Financial (SNFCA), Consumer Portfolio Services (CPSS), Harvest Capital Credit (HCAP) and NowAuto Group (CAFI).
Who are Elevate Credit's key executives?
Elevate Credit's management team includes the folowing people:
- Mr. Kenneth Earl Rees, Chairman & CEO (Age 55)
- Mr. Christopher T. Lutes CPA, CPA, Chief Financial Officer (Age 50)
- Mr. Jason Harvison, COO, Treasurer & Company Sec. (Age 42)
- Mr. Chad Bradford, Chief Accounting Officer & Sr. VP of Fin. (Age 47)
- Ms. Joan C. Kuehl, Chief Information Officer (Age 61)
When did Elevate Credit IPO?
(ELVT) raised $100 million in an IPO on Thursday, April 6th 2017. The company issued 7,700,000 shares at $12.00-$14.00 per share. UBS Securities, Credit Suisse and Jefferies acted as the underwriters for the IPO and Stifel and William Blair were co-managers.
Who are Elevate Credit's major shareholders?
Elevate Credit's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.02%), Prescott Group Capital Management L.L.C. (2.41%), Osborn Williams & Donohoe LLC (0.60%), Dimensional Fund Advisors LP (0.51%), Acadian Asset Management LLC (0.32%) and JPMorgan Chase & Co. (0.30%). Company insiders that own Elevate Credit stock include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, John C Dean, Stephen J Shaper and Tyler W K Head. View Institutional Ownership Trends for Elevate Credit.
Which major investors are selling Elevate Credit stock?
ELVT stock was sold by a variety of institutional investors in the last quarter, including Paragon Wealth Strategies LLC and Cambridge Investment Research Advisors Inc.. Company insiders that have sold Elevate Credit company stock in the last year include Jason Harvison, John C Dean and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.
Which major investors are buying Elevate Credit stock?
ELVT stock was acquired by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., BlackRock Inc., Dimensional Fund Advisors LP, JPMorgan Chase & Co., Osborn Williams & Donohoe LLC, Acadian Asset Management LLC, First Trust Advisors LP and Wells Fargo & Company MN. Company insiders that have bought Elevate Credit stock in the last two years include Bradley R Strock, Christopher Lutes, Crossover Managemen Technology, Henry W Ramsey, Jason Harvison, Stephen J Shaper and Tyler W K Head. View Insider Buying and Selling for Elevate Credit.
How do I buy shares of Elevate Credit?
Shares of ELVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Elevate Credit's stock price today?
One share of ELVT stock can currently be purchased for approximately $4.33.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $181.40 million and generates $673.13 million in revenue each year. The company earns $-6,910,000.00 in net income (profit) each year or $0.16 on an earnings per share basis. Elevate Credit employs 615 workers across the globe.
What is Elevate Credit's official website?
How can I contact Elevate Credit?
Elevate Credit's mailing address is 4150 INTERNATIONAL PLAZA SUITE 300, FORT WORTH TX, 76109. The company can be reached via phone at 817-928-1500 or via email at [email protected]
MarketBeat Community Rating for Elevate Credit (NYSE ELVT)
MarketBeat's community ratings are surveys of what our community members think about Elevate Credit and other stocks. Vote "Outperform" if you believe ELVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ELVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
