Jefferies Group Brokers Lift Earnings Estimates for Enova International Inc (ENVA)

Enova International Inc (NYSE:ENVA) – Equities researchers at Jefferies Group increased their Q1 2018 EPS estimates for Enova International in a report issued 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 prior estimate of $0.47. Jefferies Group currently has a “Buy” rating and a $17.00 price objective 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 issued its quarterly earnings results on Thursday, October 26th. The credit services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.16 by $0.09. The company had revenue of $217.88 million during the quarter, compared to analyst estimates of $210.27 million. Enova International had a negative net margin of 1.55% and a negative return on equity of 4.92%. The firm’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS.

Several other equities research analysts have also commented on the stock. Stephens reissued a “buy” rating and issued a $22.00 price target on shares of Enova International in a report on Thursday, January 4th. Zacks Investment Research lowered shares of Enova International from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. TheStreet raised shares of Enova International from a “d+” rating to a “c” rating in a report on Monday, October 30th. Maxim Group reissued a “buy” rating and issued a $18.00 price target on shares of Enova International in a report on Monday, October 30th. Finally, BidaskClub raised shares of Enova International from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.80.

Shares of Enova International (NYSE:ENVA) traded up $0.20 during midday trading on Friday, reaching $16.65. 158,800 shares of the company traded hands, compared to its average volume of 283,063. The stock has a market cap of $550.50, a price-to-earnings ratio of 18.30 and a beta of 3.30. The company has a debt-to-equity ratio of 2.79, a quick ratio of 8.14 and a current ratio of 8.14. Enova International has a 12 month low of $11.15 and a 12 month high of $17.50.

Several institutional investors have recently added to or reduced their stakes in ENVA. TIAA CREF Investment Management LLC grew its holdings in shares of Enova International by 108.3% during the second quarter. TIAA CREF Investment Management LLC now owns 389,302 shares of the credit services provider’s stock worth $5,781,000 after buying an additional 202,404 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Enova International by 20.6% during the third quarter. Bank of New York Mellon Corp now owns 494,130 shares of the credit services provider’s stock worth $6,646,000 after buying an additional 84,514 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Enova International by 23.9% during the second quarter. Ameriprise Financial Inc. now owns 433,302 shares of the credit services provider’s stock worth $6,434,000 after buying an additional 83,475 shares in the last quarter. Dupont Capital Management Corp purchased a new stake in shares of Enova International during the third quarter worth $1,090,000. Finally, State Street Corp grew its holdings in shares of Enova International by 11.1% during the second quarter. State Street Corp now owns 640,940 shares of the credit services provider’s stock worth $9,516,000 after buying an additional 63,865 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

In other Enova International news, Director Mark Mcgowan bought 30,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was acquired at an average price of $13.97 per share, with a total value 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 $316,965.33. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is currently owned by insiders.

Enova International announced that its board has initiated a share buyback program on Friday, September 15th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the credit services provider to reacquire up to 63% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are 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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