Analysts expect Envestnet Inc (NYSE:ENV) to announce earnings of $0.39 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Envestnet’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.40. Envestnet reported earnings per share of $0.32 during the same quarter last year, which would suggest a positive year over year growth rate of 21.9%. The business is scheduled to issue its next earnings results on Thursday, March 22nd.

On average, analysts expect that Envestnet will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.31. For the next financial year, analysts anticipate that the company will report earnings of $1.60 per share, with EPS estimates ranging from $1.52 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Envestnet.

Envestnet (NYSE:ENV) last released its earnings results on Wednesday, November 8th. The business services provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The company had revenue of $175.61 million during the quarter, compared to analysts’ expectations of $171.57 million. Envestnet had a positive return on equity of 8.92% and a negative net margin of 8.15%. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS.

Several research firms have recently commented on ENV. UBS lowered their target price on Envestnet from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Friday, November 17th. Zacks Investment Research cut Envestnet from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Stifel Nicolaus reissued a “buy” rating and issued a $62.00 target price (up from $52.00) on shares of Envestnet in a research note on Thursday, November 9th. Royal Bank of Canada reissued a “hold” rating on shares of Envestnet in a research note on Tuesday, November 7th. Finally, Jefferies Group lifted their target price on Envestnet from $47.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $55.13.

Envestnet (NYSE:ENV) traded up $0.60 during midday trading on Friday, hitting $50.65. The stock had a trading volume of 290,400 shares, compared to its average volume of 267,353. The firm has a market cap of $2,241.87, a PE ratio of 64.87, a P/E/G ratio of 3.76 and a beta of 1.91. Envestnet has a one year low of $30.80 and a one year high of $55.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.90 and a quick ratio of 0.90.

In other news, COO Joshua Mayer sold 2,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $49.75, for a total value of $99,500.00. Following the transaction, the chief operating officer now directly owns 50,407 shares in the company, valued at approximately $2,507,748.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anil Arora sold 16,418 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $50.00, for a total value of $820,900.00. Following the completion of the transaction, the insider now owns 56,175 shares in the company, valued at $2,808,750. The disclosure for this sale can be found here. Insiders sold a total of 258,074 shares of company stock worth $13,058,198 over the last 90 days. 7.80% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. 1st Global Advisors Inc. lifted its holdings in Envestnet by 1.1% during the second quarter. 1st Global Advisors Inc. now owns 8,819 shares of the business services provider’s stock worth $349,000 after acquiring an additional 100 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Envestnet by 0.6% during the second quarter. State Board of Administration of Florida Retirement System now owns 25,092 shares of the business services provider’s stock worth $994,000 after acquiring an additional 138 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Envestnet by 5.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,782 shares of the business services provider’s stock worth $150,000 after acquiring an additional 204 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Envestnet by 0.9% during the second quarter. California Public Employees Retirement System now owns 34,906 shares of the business services provider’s stock worth $1,382,000 after acquiring an additional 300 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in Envestnet by 13.0% during the second quarter. D.A. Davidson & CO. now owns 3,286 shares of the business services provider’s stock worth $130,000 after acquiring an additional 379 shares in the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

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About Envestnet

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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Earnings History and Estimates for Envestnet (NYSE:ENV)

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