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 Ratio1.05
Quick Ratio1.07
Price-To-Earnings
Trailing P/E Ratio28.50
Forward P/E Ratio11.12
P/E GrowthN/A
Sales & Book Value
Annual Sales$673.13 million
Price / Sales0.29
Cash Flow$0.6272 per share
Price / Cash7.27
Book Value$2.57 per share
Price / Book1.77
Profitability
EPS (Most Recent Fiscal Year)$0.16
Net Income$-6,910,000.00
Net Margins-0.49%
Return on Equity12.69%
Return on Assets1.93%
Miscellaneous
Employees615
Outstanding Shares43,200,000
Market Cap$190.07 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 results on Monday, October, 29th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.13 by $0.23. The company had revenue of $201.48 million for the quarter, compared to analyst estimates of $201.71 million. Elevate Credit had a negative net margin of 0.49% and a positive return on equity of 12.69%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the company posted $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 earnings per share guidance of $0.23-0.32 for the period, compared to the Thomson Reuters consensus 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 equities research analysts have issued twelve-month target prices for Elevate Credit's shares. Their forecasts range from $5.00 to $13.00. On average, they expect Elevate Credit's stock price to reach $9.80 in the next year. This suggests a possible upside of 114.9% 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?
News headlines about ELVT stock have been trending somewhat positive on Saturday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Elevate Credit earned a news sentiment score of 1.9 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next several days.
Who are some of Elevate Credit's key competitors?
Some companies that are related to Elevate Credit include Wins Finance (WINS), Curo Group (CURO), On Deck Capital (ONDK), Everi (EVRI), America First Multifamily Investors (ATAX), Hexindai (HX), WMIH (COOP), Easterly Acquisition (EACQ), China Rapid Finance (XRF), Medallion Financial (MFIN), Senmiao Technology (AIHS), Golden Bull (DNJR), Security National Financial (SNFCA), Consumer Portfolio Services (CPSS) and X Financial (XYF).
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 initial public offering (IPO) on Thursday, April 6th 2017. The company issued 7,700,000 shares at a price of $12.00-$14.00 per share. UBS Securities, Credit Suisse and Jefferies served 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 number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (3.02%), Prescott Group Capital Management L.L.C. (2.41%), Renaissance Technologies LLC (1.61%), Osborn Williams & Donohoe LLC (0.60%), Mackenzie Financial Corp (0.53%) and Dimensional Fund Advisors LP (0.51%). 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 GSA Capital Partners LLP, 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 purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Prescott Group Capital Management L.L.C., BlackRock Inc., Mackenzie Financial Corp, Dimensional Fund Advisors LP, JPMorgan Chase & Co., JPMorgan Chase & Co. and Osborn Williams & Donohoe LLC. 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 $4.56.
How big of a company is Elevate Credit?
Elevate Credit has a market capitalization of $190.07 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.
