Enova International Inc (ENVA) Releases Earnings Results, Beats Expectations By $0.14 EPS

Enova International Inc (ENVA) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.31 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.14. Analysts had a consensus of $0.17. The company posted revenue of $174.65 million in the period, compared to analysts expectations of $165.28 million. The company’s revenue was up 5.4% compared to the same quarter last year.

Many Wall Street Analysts have commented on Enova International Inc. Company shares were Reiterated by FBR Capital on Apr 29, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 8.50 from a previous price target of $6.50 .Shares were Reiterated by FBR Capital on Feb 5, 2016 to “Mkt Perform” and Lowered the Price Target to $ 6.50 from a previous price target of $13 .

Enova International Inc opened for trading at $6.73 and hit $7.3 on the upside on Wednesday, eventually ending the session at $6.96, with a gain of 2.81% or 0.19 points. The heightened volatility saw the trading volume jump to 2,74,068 shares. Company has a market cap of $231 M.

In a different news, on Feb 24, 2016, Robert S. Clifton (CFO) purchased 2,500 shares at $12.28 per share price. According to the SEC, on Dec 22, 2015, James Cody Salters (Vice President, Operations) purchased 4,000 shares at $6.18 per share price. On Nov 23, 2015, James A Gray (director) purchased 22,000 shares at $7.71 per share price, according to the Form-4 filing with the securities and exchange commission.

Enova International Inc. is a provider of online financial services. Through a network of direct and indirect marketing activities the Company offers funds to its customers through unsecured consumer loan products. The business is operated through the Internet to provide a fully-automated financial solution to its customers. The Company offers multiple loan products in the United States and in the United Kingdom Australia Canada Brazil and China. These loan products include short-term loans line of credit accounts and installment loans. The Company originates guarantees or purchases consumer and small business loans. Consumer loans provide customers with cash in their bank account or deposited onto a debit card typically in exchange for an obligation to repay the amount advanced plus fees and/or interest. Consumer loans include short-term loans line of credit accounts and installment loans.

Enova International Inc

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