Enova Intl Inc Stock Price, News & Analysis

Enova International (NYSE: ENVA) has announced that CFO Steve Cunningham will participate in a fireside chat at the Jefferies Consumer Conference on June 20 at 8:00 a.m. ET. This event will focus on Enova's advancements in financial technology, leveraging machine learning and artificial intelligence to serve non-prime consumers and small businesses.

The event will be accessible via a live audio webcast on Enova's website, with an archive available afterward.

Enova International (NYSE: ENVA) reported strong first-quarter results for 2022, with total revenue of $386 million, a 49% increase from $259 million in Q1 2021. Diluted earnings per share stood at $1.50, compared to $2.03 in the previous year. Adjusted EBITDA was $106 million, down from $137 million. The company experienced a 7.6% net charge-off rate, up from 4.2% in Q1 2021. Enova's cash and marketable securities totaled $228 million as of March 31. The firm remains optimistic about its growth potential despite macroeconomic challenges.

Enova celebrates the recognition of five of its team members as winners of the 2022 Moxie Awards by Built In, honoring women in tech for their leadership and contributions. This acknowledgment reflects Enova's commitment to diversity, equity, and inclusion, as women represent more than half of the company's workforce. The awards were given after reviewing over 900 nominations, showcasing the achievements of women like Nicole Frapolly and Madhuri Gupta. Enova has also received multiple workplace awards in 2022, underlining its dedication to fostering an inclusive work environment.

Enova International (NYSE: ENVA) announced its first quarter 2022 financial results will be available after market close on May 3, 2022. A conference call to discuss the results is scheduled for 4 p.m. CT on the same day. Enova, a leader in financial technology, utilizes machine learning and AI for providing online financial services to underserved consumers and small businesses. Over its history, the company has lent more than $40 billion to over 7 million customers, aiming to enhance their financial health.

Enova International (NYSE: ENVA) announced the closure of $235 million in additional capacity for its securitization warehouse facilities during March 2022. This expansion indicates strong partnerships with bank lenders and solid credit performance. Enova anticipates ending Q1 with about $400 million in committed securitization capacity and cash reserves. The company aims to bolster its liquidity profile and support growth in consumer and small business products amid seasonally higher demand.

On February 9, 2022, Enova International (NYSE: ENVA) announced a new share repurchase program of up to $100 million in common stock, replacing the existing $150 million program, which will terminate. This new plan is effective until June 30, 2023. By February 8, 2022, the company had repurchased $133 million in stock under the prior program. CEO David Fisher highlighted the company's strong performance and flexibility to return capital to shareholders while focusing on business investments for sustainable growth.

Enova International (NYSE: ENVA) announced that Steve Cunningham, CFO, will present at the Credit Suisse 23rd Annual Financial Services Forum on February 17, 2022, at 1:00 p.m. ET. The event will be conducted in a fireside chat format and will be accessible via a live audio webcast on Enova's website. Enova is a prominent financial technology company that utilizes artificial intelligence and machine learning to serve non-prime consumers and small businesses, having provided over $40 billion in loans to more than 7 million customers.

Enova International (NYSE: ENVA) announced its Q4 2021 financial results, reporting total revenue of $364 million, a 38% increase from Q4 2020. Net income was $49 million, or $1.30 per diluted share, down from $231 million in the previous year. For 2021, total revenue reached $1.208 billion, an 11% increase year-over-year. Despite the revenue growth, net income from continuing operations fell to $256 million, or $6.79 per diluted share. Enova credits its success to effective marketing and strong credit quality across its lending platforms.

Enova International (NYSE: ENVA) will announce its fourth quarter and full year 2021 financial results on February 3, 2022, after market close. A conference call will follow at 4 p.m. Central Time to discuss these results. The live webcast can be accessed on their Investor Relations website. Enova, a leader in financial technology, has provided over $40 billion in loans to more than 7 million customers, focusing on non-prime consumers and small businesses.