Envestnet, Inc (ENV) Scheduled to Post Earnings on Monday
Envestnet, Inc (NYSE:ENV) will release its earnings data after the market closes on Monday, November 6th. Analysts expect Envestnet to post earnings of $0.35 per share for the quarter. Envestnet has set its Q3 guidance at $0.35 EPS.
Envestnet (NYSE:ENV) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $167.50 million during the quarter, compared to analysts’ expectations of $164.04 million. Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 EPS. On average, analysts expect Envestnet to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Envestnet, Inc (NYSE ENV) opened at $52.85 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $2,326.46, a PE ratio of 74.44, a price-to-earnings-growth ratio of 3.97 and a beta of 1.97. Envestnet, Inc has a 1 year low of $30.80 and a 1 year high of $55.15.
ENV has been the subject of several research analyst reports. Jefferies Group LLC increased their target price on Envestnet from $47.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Envestnet from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Tuesday, October 10th. UBS AG reiterated a “buy” rating and set a $63.00 target price (up previously from $50.00) on shares of Envestnet in a research report on Monday, October 9th. Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 target price on shares of Envestnet in a research report on Thursday, October 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $52.00 target price on shares of Envestnet in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $54.38.
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In related news, insider Anil Arora sold 16,418 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $50.00, for a total transaction of $820,900.00. Following the completion of the transaction, the insider now directly owns 56,175 shares of the company’s stock, valued at $2,808,750. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gayle A. Crowell sold 746 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $53.60, for a total value of $39,985.60. The disclosure for this sale can be found here. Insiders have sold 42,964 shares of company stock valued at $2,171,603 in the last quarter. 7.80% of the stock is currently owned by company insiders.
Envestnet Company Profile
Envestnet, Inc is a provider of financial and wealth management technology and services to financial advisors, investors and financial service providers. The Company’s segments are Envestnet and Envestnet Yodlee. Its Envestnet segment provides unified wealth management software and services empowering financial advisors and institutions.
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