Jefferies Group Comments on Enova International Inc’s Q1 2018 Earnings (ENVA)
Enova International Inc (NYSE:ENVA) – Investment analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for shares of Enova International in a note issued to investors on Wednesday. Jefferies Group analyst J. Hecht now expects that the credit services provider will post earnings of $0.52 per share for the quarter, up from their previous forecast of $0.47. Jefferies Group has a “Buy” rating and a $17.00 price target on the stock. Jefferies Group also issued estimates for Enova International’s Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.22 EPS and FY2018 earnings at $1.56 EPS.
Enova International (NYSE:ENVA) last released its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Enova International had a net margin of 3.87% and a return on equity of 14.85%. The business had revenue of $217.88 million for the quarter, compared to analysts’ expectations of $210.27 million. During the same period in the prior year, the firm earned $0.28 earnings per share. Enova International’s revenue was up 11.2% compared to the same quarter last year.
Shares of Enova International (NYSE ENVA) opened at $16.55 on Friday. Enova International has a 52 week low of $11.15 and a 52 week high of $17.50. The company has a debt-to-equity ratio of 2.79, a quick ratio of 8.14 and a current ratio of 8.14. The company has a market cap of $557.19, a P/E ratio of 17.99 and a beta of 3.45.
A number of hedge funds and other institutional investors have recently made changes to their positions in ENVA. Tudor Investment Corp ET AL acquired a new position in Enova International in the second quarter valued at approximately $175,000. Hartford Investment Management Co. acquired a new position in Enova International in the third quarter valued at approximately $178,000. Crossmark Global Holdings Inc. acquired a new position in Enova International in the third quarter valued at approximately $228,000. Public Employees Retirement System of Ohio lifted its holdings in Enova International by 69.0% in the third quarter. Public Employees Retirement System of Ohio now owns 23,598 shares of the credit services provider’s stock valued at $317,000 after buying an additional 9,637 shares during the period. Finally, CNA Financial Corp lifted its holdings in Enova International by 31.4% in the third quarter. CNA Financial Corp now owns 34,457 shares of the credit services provider’s stock valued at $463,000 after buying an additional 8,232 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.
In other Enova International news, Director Mark Mcgowan acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the acquisition, the director now directly owns 22,689 shares of the company’s stock, valued at approximately $316,965.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.
Enova International declared that its Board of Directors has authorized a stock buyback plan on Friday, September 15th that allows the company to repurchase $25.00 million in outstanding shares. This repurchase authorization allows the credit services provider to purchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
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Enova International Company Profile
Enova International, Inc is a technology and analytics company. The Company provides online financial services. As of December 31, 2016, the Company offered or arranged loans to consumers in 33 states in the United States and in the United Kingdom and Brazil. As of December 31, 2016, it also offered financing to small businesses in all 50 states and Washington DC in the United States.
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