Envestnet (ENV) Set to Announce Earnings on Wednesday
Envestnet (NYSE:ENV) will be releasing its earnings data on Wednesday, August 6th. Parties that are interested in registering for the company’s conference call can do so using this link.
Envestnet (NYSE:ENV) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $78.50 million for the quarter, compared to the consensus estimate of $77.64 million. During the same quarter last year, the company posted $0.12 earnings per share. Envestnet’s revenue was up 67.7% compared to the same quarter last year. On average, analysts expect Envestnet to post $0.74 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Envestnet (NYSE:ENV) opened at 44.00 on Tuesday. Envestnet has a 52 week low of $24.91 and a 52 week high of $50.38. The stock has a 50-day moving average of $46.74 and a 200-day moving average of $42.2. The company has a market cap of $1.498 billion and a price-to-earnings ratio of 272.81.
A number of analysts have recently weighed in on ENV shares. Analysts at Stifel Nicolaus raised their price target on shares of Envestnet from $45.00 to $57.00 in a research note on Wednesday, July 2nd. They now have a “buy” rating on the stock. On the ratings front, analysts at Raymond James initiated coverage on shares of Envestnet in a research note on Tuesday, June 24th. They set an “outperform” rating and a $54.00 price target on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of Envestnet from $45.00 to $38.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Envestnet has an average rating of “Buy” and a consensus price target of $47.00.
Envestnet, Inc (NYSE:ENV) is a provider of wealth management solutions to financial advisors and institutions.
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