Enova International (ENVA) Receiving Positive Media Coverage, Study Shows
News coverage about Enova International (NYSE:ENVA) has trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Enova International earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave news articles about the credit services provider an impact score of 46.2906189296968 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Enova International (ENVA) traded up $1.05 on Friday, hitting $17.35. The stock had a trading volume of 511,925 shares, compared to its average volume of 134,276. Enova International has a 1-year low of $11.15 and a 1-year high of $17.50. The stock has a market capitalization of $580.62, a price-to-earnings ratio of 18.86 and a beta of 3.45. 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 (NYSE:ENVA) last released 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 business had revenue of $217.88 million during the quarter, compared to analyst estimates of $210.27 million. Enova International had a return on equity of 14.85% and a net margin of 3.87%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the business posted $0.28 earnings per share. research analysts expect that Enova International will post 1.11 earnings per share for the current year.
Enova International declared that its board has initiated a share buyback plan on Friday, September 15th that authorizes the company to repurchase $25.00 million in shares. This repurchase authorization authorizes the credit services provider to repurchase up to 63% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several research firms have recently commented on ENVA. Maxim Group restated a “buy” rating and set a $18.00 price target on shares of Enova International in a research report on Tuesday, October 17th. Jefferies Group restated a “buy” rating and set a $17.00 price target on shares of Enova International in a research report on Thursday, October 12th. Stephens restated a “buy” rating and set a $22.00 price target on shares of Enova International in a research report on Thursday. BidaskClub upgraded Enova International from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, Zacks Investment Research upgraded Enova International from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Tuesday, December 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.80.
In related news, Director Mark Mcgowan bought 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $13.97 per share, for a total transaction of $419,100.00. Following the completion of the acquisition, the director now owns 22,689 shares in the company, valued at approximately $316,965.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.
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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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