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

Enova International, Inc. (NYSE:ENVA) reached a new 52-week high during mid-day 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. The stock had previously closed at $112.94.

The credit services provider reported $2.37 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 Analyst Weigh In

Several research firms have recently commented on ENVA. BTIG Research increased their target price on Enova International from $122.00 to $129.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens increased their target price on Enova International from $115.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday. JMP Securities increased their target price on Enova International from $125.00 to $135.00 and gave the company a “market outperform” 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 company a “hold” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded Enova International from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Enova International currently has a consensus rating of “Moderate Buy” and an average target price of $101.57.

Insider Transactions at Enova International

In other Enova International news, CEO David Fisher sold 10,000 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $105.59, for a total value of $1,055,900.00. Following the transaction, the chief executive officer now owns 369,905 shares of the company’s stock, valued at approximately $39,058,268.95. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Enova International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Longboard Asset Management LP bought a new stake in Enova International in the fourth quarter valued at about $202,000. Crossmark Global Holdings Inc. bought a new stake in Enova International in the fourth quarter valued at about $206,000. BNP Paribas Financial Markets increased its holdings in Enova International by 28.6% in the third quarter. BNP Paribas Financial Markets now owns 58,066 shares of the credit services provider’s stock valued at $4,865,000 after purchasing an additional 12,928 shares during the last quarter. Quantbot Technologies LP grew its stake in Enova International by 10.2% in the third quarter. Quantbot Technologies LP now owns 14,182 shares of the credit services provider’s stock valued at $1,188,000 after acquiring an additional 1,311 shares during the period. Finally, Foundry Partners LLC grew its stake in Enova International by 1.1% in the third quarter. Foundry Partners LLC now owns 122,756 shares of the credit services provider’s stock valued at $10,286,000 after acquiring an additional 1,328 shares during the period. Institutional investors own 89.43% of the company’s stock.

Enova International Stock Up 1.2 %

The company has a debt-to-equity ratio of 2.79, a current ratio of 15.82 and a quick ratio of 15.82. The company has a market capitalization of $2.99 billion, a price-to-earnings ratio of 18.14 and a beta of 1.49. The firm has a 50-day moving average price of $103.30 and a two-hundred day moving average price of $91.98.

About Enova International

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.