Enova International (NYSE:ENVA) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Enova International (NYSE:ENVA) issued its quarterly earnings results on Thursday. The credit services provider reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.99 by $0.32, FiscalAI reports. The business had revenue of $928.93 million for the quarter, compared to analyst estimates of $909.61 million. Enova International had a return on equity of 25.89% and a net margin of 9.95%.The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.23 earnings per share.

Here are the key takeaways from Enova International’s conference call:

• Enova reported a strong second quarter, with originations up 27% year over year to nearly $2.3 billion and revenue up 22% to $929 million, both ahead of expectations.
• Credit performance improved across the business: consolidated net charge-offs fell to 7.3%, consumer net charge-offs declined to 12.8%, and small business credit remained stable at 4.8%.
• The company delivered another period of strong profitability, with adjusted EPS up 33% year over year to $4.31 and its eighth straight quarter of 30%+ EPS growth.
• Management raised full-year guidance, now expecting 2026 revenue growth of 20%-25% and adjusted EPS growth of 30%-35%, while Q3 revenue is seen roughly 25% higher year over year.
• Enova said it remains in a constructive regulatory dialogue on the pending Grasshopper Bank acquisition and continues to expect a closing later this year, with integration planning largely complete.

Enova International Trading Down 1.7%

ENVA stock traded down $3.82 during midday trading on Thursday, hitting $218.67. 466,657 shares of the company’s stock were exchanged, compared to its average volume of 306,915. The stock’s fifty day moving average price is $200.09 and its 200-day moving average price is $169.08. The company has a debt-to-equity ratio of 3.45, a quick ratio of 20.42 and a current ratio of 20.42. The company has a market cap of $5.44 billion, a PE ratio of 17.71 and a beta of 1.21. Enova International has a one year low of $99.61 and a one year high of $246.38.

Analyst Ratings Changes

ENVA has been the subject of a number of analyst reports. Maxim Group lifted their target price on shares of Enova International from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Citigroup reiterated an “outperform” rating on shares of Enova International in a report on Friday, June 26th. TD Cowen raised their target price on Enova International from $190.00 to $250.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Jefferies Financial Group boosted their target price on Enova International from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Finally, Stephens lifted their price objective on shares of Enova International from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.67.

Insiders Place Their Bets

In other news, Director Mark Tebbe sold 20,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $201.37, for a total transaction of $4,027,400.00. Following the sale, the director owned 50,029 shares of the company’s stock, valued at $10,074,339.73. This trade represents a 28.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William M. Goodyear sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $188.02, for a total value of $658,070.00. Following the sale, the director directly owned 50,820 shares in the company, valued at approximately $9,555,176.40. This represents a 6.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 106,882 shares of company stock valued at $19,757,389 over the last ninety days. 8.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Informed Momentum Co LLC acquired a new stake in shares of Enova International during the fourth quarter worth $6,243,000. Arkadios Wealth Advisors boosted its stake in Enova International by 8.1% in the 4th quarter. Arkadios Wealth Advisors now owns 33,894 shares of the credit services provider’s stock worth $5,328,000 after purchasing an additional 2,532 shares during the period. Marshall Wace LLP acquired a new position in Enova International in the 4th quarter worth $4,412,000. California State Teachers Retirement System increased its holdings in Enova International by 0.4% during the 2nd quarter. California State Teachers Retirement System now owns 24,268 shares of the credit services provider’s stock worth $2,706,000 after purchasing an additional 105 shares in the last quarter. Finally, Horizon Investments LLC increased its holdings in Enova International by 5.9% during the 3rd quarter. Horizon Investments LLC now owns 14,054 shares of the credit services provider’s stock worth $1,617,000 after purchasing an additional 789 shares in the last quarter. Institutional investors and hedge funds own 89.43% of the company’s stock.

About Enova International

Enova International, Inc (NYSE: ENVA) is a Chicago-based financial services company specializing in online lending solutions. Since its founding in 2004, Enova has leveraged proprietary data analytics and technology platforms to underwrite and deliver short-term consumer loans, lines of credit and installment loans. Through its flagship consumer brand NetCredit, Enova provides flexible credit options designed to serve a wide range of borrowers, including those with limited or non-traditional credit histories.

In addition to its U.S.