Enova International Inc (ENVA) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.25 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.21. The company posted revenue of $172.50 million in the period, compared to analysts expectations of $165.80 million. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Enova International Inc. Enova International Inc was Initiated by Macquarie to “Neutral” on May 26, 2016.
Enova International Inc closed down -0.41 points or -4.96% at $7.86 with 2,44,384 shares getting traded on Thursday. Post opening the session at $8.27, the shares hit an intraday low of $7.77 and an intraday high of $8.39 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.