B. Riley Has Positive Forecast for Envela FY2025 Earnings

Envela Corporation (NYSEAMERICAN:ELA) – Equities researchers at B. Riley lifted their FY2025 EPS estimates for Envela in a note issued to investors on Sunday, November 9th. B. Riley analyst J. Van. Sinderen now expects that the company will post earnings per share of $0.42 for the year, up from their previous forecast of $0.35. B. Riley has a “Buy” rating and a $14.00 price objective on the stock. The consensus estimate for Envela’s current full-year earnings is $0.24 per share. B. Riley also issued estimates for Envela’s FY2026 earnings at $0.45 EPS and FY2027 earnings at $0.53 EPS.

Envela (NYSEAMERICAN:ELA) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. Envela had a net margin of 4.30% and a return on equity of 15.75%. The firm had revenue of $57.39 million during the quarter, compared to the consensus estimate of $48.99 million.

Several other research firms also recently commented on ELA. Lake Street Capital reissued a “buy” rating and issued a $12.00 price objective on shares of Envela in a research note on Thursday. Zacks Research downgraded shares of Envela from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Envela Price Performance

Shares of Envela stock opened at $11.24 on Tuesday. The stock has a market capitalization of $291.90 million, a P/E ratio of 34.06 and a beta of 0.34. The business has a 50 day simple moving average of $8.11 and a two-hundred day simple moving average of $6.92. Envela has a 12 month low of $5.10 and a 12 month high of $11.29. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.58 and a quick ratio of 2.36.

Institutional Trading of Envela

Hedge funds have recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of Envela during the 2nd quarter worth approximately $61,000. NewEdge Advisors LLC increased its stake in Envela by 1,015.6% during the first quarter. NewEdge Advisors LLC now owns 10,989 shares of the company’s stock worth $68,000 after acquiring an additional 10,004 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Envela during the second quarter worth $71,000. Allspring Global Investments Holdings LLC purchased a new stake in Envela in the third quarter valued at $110,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Envela in the 2nd quarter valued at $106,000. Hedge funds and other institutional investors own 8.15% of the company’s stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.