Envestnet, Inc (ENV) to Release Quarterly Earnings on Monday
Envestnet, Inc (NYSE:ENV) is set to issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Envestnet has set its Q3 guidance at $0.35 EPS.
Envestnet (NYSE:ENV) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Envestnet had a negative net margin of 8.93% and a positive return on equity of 7.78%. The business had revenue of $167.50 million during the quarter, compared to analyst estimates of $164.04 million. During the same period in the previous year, the business posted $0.21 EPS. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. On average, analysts expect Envestnet to post $0.89 EPS for the current fiscal year and $1.17 EPS for the next fiscal year.
Shares of Envestnet, Inc (ENV) opened at 53.40 on Monday. The firm’s market cap is $2.35 billion. Envestnet, Inc has a 52-week low of $30.80 and a 52-week high of $55.15. The company has a 50-day moving average of $51.10 and a 200 day moving average of $41.63.
A number of equities analysts have issued reports on ENV shares. DA Davidson started coverage on Envestnet in a report on Thursday, July 6th. They issued a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research upgraded Envestnet from a “strong sell” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $48.00 price objective on shares of Envestnet in a report on Friday, July 14th. UBS AG reiterated a “buy” rating and issued a $63.00 price objective (up previously from $50.00) on shares of Envestnet in a report on Monday, October 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $48.00 price objective on shares of Envestnet in a report on Thursday, October 5th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Envestnet presently has a consensus rating of “Buy” and a consensus target price of $54.38.
In other news, Director Gayle A. Crowell sold 746 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $39.20, for a total transaction of $29,243.20. Following the completion of the transaction, the director now directly owns 801 shares in the company, valued at $31,399.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joshua Mayer sold 1,500 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were sold at an average price of $43.66, for a total value of $65,490.00. Following the transaction, the chief operating officer now owns 13,796 shares of the company’s stock, valued at $602,333.36. The disclosure for this sale can be found here. Insiders have sold 31,964 shares of company stock valued at $1,574,030 over the last 90 days. Corporate insiders own 5.58% of the company’s stock.
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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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