Envestnet (ENV) to Release Earnings on Wednesday
Envestnet (NYSE:ENV) will issue its quarterly earnings data on Wednesday, November 6th. Persons that wish to register for the company’s earnings conference call can do so using this link.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $51.63 million for the quarter, compared to the consensus estimate of $51.21 million. During the same quarter last year, the company posted $0.07 earnings per share. Envestnet’s revenue was up 36.0% compared to the same quarter last year. On average, analysts expect Envestnet to post $0.54 EPS for the current fiscal year and $0.77 EPS for the next fiscal year.
Shares of Envestnet (NYSE:ENV) opened at 36.74 on Tuesday. Envestnet has a 1-year low of $12.73 and a 1-year high of $38.70. The stock’s 50-day moving average is $33.50 and its 200-day moving average is $26.54. The company has a market cap of $1.227 billion and a P/E ratio of 617.07.
A number of research firms have recently commented on ENV. Analysts at Sterne Agee reiterated a “buy” rating on shares of Envestnet in a research note to investors on Monday. They now have a $43.00 price target on the stock. On the ratings front, analysts at Barrington Research initiated coverage on shares of Envestnet in a research note to investors on Tuesday, October 22nd. They set an “outperform” rating and a $45.00 price target on the stock. Finally, analysts at Sandler O’Neill raised their price target on shares of Envestnet from $27.00 to $37.00 in a research note to investors on Monday, October 21st. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Envestnet presently has a consensus rating of “Hold” and an average price target of $32.14.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.
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