Enova International (NYSE:ENVA) Shares Up 4.7% Following Earnings Beat

Enova International, Inc. (NYSE:ENVA) shares shot up 4.7% during mid-day trading on Wednesday following a stronger than expected earnings report. The company traded as high as $78.36 and last traded at $78.04. 42,698 shares were traded during mid-day trading, a decline of 82% from the average session volume of 238,305 shares. The stock had previously closed at $74.57.

The credit services provider reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.14. The business had revenue of $628.44 million during the quarter, compared to analysts’ expectations of $622.92 million. Enova International had a return on equity of 16.29% and a net margin of 7.52%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.57 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ENVA. StockNews.com raised Enova International from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Maxim Group upped their target price on Enova International from $70.00 to $78.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Jefferies Financial Group upped their target price on Enova International from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. TD Cowen upped their target price on Enova International from $70.00 to $76.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, BMO Capital Markets upped their target price on Enova International from $60.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, April 25th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.80.

Insider Buying and Selling at Enova International

In other Enova International news, insider Kirk Chartier sold 41,303 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Enova International news, insider Kirk Chartier sold 41,303 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.16, for a total transaction of $2,484,788.48. Following the completion of the sale, the insider now directly owns 117,422 shares of the company’s stock, valued at approximately $7,064,107.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Fisher sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $62.72, for a total value of $1,254,400.00. Following the transaction, the chief executive officer now directly owns 461,439 shares of the company’s stock, valued at $28,941,454.08. The disclosure for this sale can be found here. Insiders sold a total of 93,053 shares of company stock valued at $5,732,873 in the last ninety days. Insiders own 7.80% of the company’s stock.

Hedge Funds Weigh In On Enova International

A number of large investors have recently modified their holdings of ENVA. Handelsbanken Fonder AB purchased a new position in shares of Enova International during the 4th quarter worth approximately $216,000. Foundry Partners LLC raised its stake in shares of Enova International by 7.3% during the 4th quarter. Foundry Partners LLC now owns 137,908 shares of the credit services provider’s stock worth $7,635,000 after buying an additional 9,357 shares in the last quarter. GAMMA Investing LLC purchased a new position in shares of Enova International during the 4th quarter worth approximately $37,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Enova International in the 4th quarter worth approximately $957,000. Finally, Orchard Capital Management LLC grew its holdings in shares of Enova International by 30.0% in the 4th quarter. Orchard Capital Management LLC now owns 232,326 shares of the credit services provider’s stock worth $12,862,000 after acquiring an additional 53,647 shares during the period. 89.43% of the stock is owned by hedge funds and other institutional investors.

Enova International Trading Up 4.6 %

The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 14.60 and a beta of 1.45. The company has a debt-to-equity ratio of 2.64, a quick ratio of 13.15 and a current ratio of 13.15. The business has a fifty day moving average of $63.11 and a two-hundred day moving average of $61.03.

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.