Enova International (NYSE:ENVA – Get Rating) announced its earnings results on Thursday. The credit services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.16, Briefing.com reports. Enova International had a return on equity of 22.31% and a net margin of 17.45%. The business had revenue of $407.90 million during the quarter, compared to the consensus estimate of $405.15 million. During the same period in the prior year, the company posted $2.16 EPS. The business's quarterly revenue was up 54.1% on a year-over-year basis.
Enova International Price Performance
Shares of ENVA traded up $0.66 during trading hours on Friday, hitting $34.51. 277,902 shares of the stock were exchanged, compared to its average volume of 318,838. The company has a debt-to-equity ratio of 1.57, a quick ratio of 14.64 and a current ratio of 14.64. The stock's 50-day moving average price is $30.43 and its two-hundred day moving average price is $35.60. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 5.51 and a beta of 1.41. Enova International has a 12-month low of $25.80 and a 12-month high of $47.88.
Get Enova International alerts:Institutional Trading of Enova International
An institutional investor recently raised its position in Enova International stock. MetLife Investment Management LLC raised its stake in Enova International, Inc. (NYSE:ENVA – Get Rating) by 53.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,678 shares of the credit services provider's stock after buying an additional 7,162 shares during the quarter. MetLife Investment Management LLC owned approximately 0.06% of Enova International worth $785,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.90% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts recently commented on ENVA shares. JMP Securities dropped their price target on Enova International from $54.00 to $42.00 and set a "market outperform" rating for the company in a research report on Friday, July 15th. StockNews.com upgraded Enova International from a "hold" rating to a "buy" rating in a research report on Friday, April 1st.Enova International Company Profile
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Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, Australia, and Canada. The company offers installment loans; line of credit accounts; receivables purchase agreements; 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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