Enova International (NYSE:ENVA) Reaches New 1-Year High Following Better-Than-Expected Earnings

Enova International, Inc. (NYSE:ENVA)’s stock price reached a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $117.39 and last traded at $113.76, with a volume of 11259 shares traded. The stock had previously closed at $112.94.

The credit services provider reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.08. Enova International had a return on equity of 18.41% and a net margin of 7.19%.

Wall Street Analysts Forecast Growth

ENVA has been the topic of a number of recent research reports. StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Stephens increased their target price on Enova International from $115.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. TD Cowen increased their target price on Enova International from $85.00 to $96.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. JMP Securities increased their target price on Enova International from $125.00 to $135.00 and gave the stock a “market outperform” rating in a research note on Wednesday. Finally, BTIG Research raised their price objective on Enova International from $122.00 to $129.00 and gave the stock a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.57.

Insider Buying and Selling at Enova International

In related news, CEO David Fisher sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $105.47, for a total transaction of $1,054,700.00. Following the sale, the chief executive officer now owns 389,925 shares of the company’s stock, valued at $41,125,389.75. This trade represents a 2.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Longboard Asset Management LP bought a new position in shares of Enova International in the 4th quarter worth about $202,000. Crossmark Global Holdings Inc. bought a new position in shares of Enova International in the 4th quarter worth about $206,000. BNP Paribas Financial Markets increased its position in Enova International by 28.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after buying an additional 12,928 shares in the last quarter. Quantbot Technologies LP increased its position in Enova International by 10.2% in the 3rd quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after buying an additional 1,311 shares in the last quarter. Finally, Foundry Partners LLC increased its position in Enova International by 1.1% in the 3rd quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after buying an additional 1,328 shares in the last quarter. 89.43% of the stock is owned by institutional investors.

Enova International Price Performance

The firm has a market capitalization of $2.99 billion, a P/E ratio of 18.14 and a beta of 1.49. The business has a 50-day moving average of $103.30 and a 200 day moving average of $91.98. The company has a current ratio of 15.82, a quick ratio of 15.82 and a debt-to-equity ratio of 2.79.

Enova International Company Profile

Enova International, Inc, a technology and analytics company, provides online financial services in the United States, Brazil, and internationally. The company provides installment loans; line of credit accounts; 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.