Wall Street brokerages expect that Envestnet Inc (NYSE:ENV) will announce earnings of $0.45 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Envestnet’s earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.33. Envestnet reported earnings per share of $0.46 during the same quarter last year, which indicates a negative year-over-year growth rate of 2.2%. The company is scheduled to issue its next quarterly earnings report on Wednesday, August 5th.
According to Zacks, analysts expect that Envestnet will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.13. For the next financial year, analysts expect that the business will report earnings of $2.36 per share, with EPS estimates ranging from $2.25 to $2.62. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Envestnet.
Envestnet (NYSE:ENV) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.12. The firm had revenue of $246.50 million for the quarter, compared to analyst estimates of $242.32 million. Envestnet had a positive return on equity of 8.94% and a negative net margin of 0.66%. The business’s revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share.
In other news, COO Joshua Mayer sold 2,017 shares of Envestnet stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $74.04, for a total value of $149,338.68. Following the completion of the sale, the chief operating officer now directly owns 19,991 shares of the company’s stock, valued at $1,480,133.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CIO Brandon Thomas sold 13,098 shares of Envestnet stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $74.38, for a total value of $974,229.24. Following the completion of the sale, the executive now directly owns 282,570 shares of the company’s stock, valued at $21,017,556.60. The disclosure for this sale can be found here. Insiders sold 47,653 shares of company stock valued at $3,284,644 over the last ninety days. Insiders own 2.44% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new stake in shares of Envestnet in the first quarter valued at $33,000. Keebeck Wealth Management LLC acquired a new position in Envestnet during the 4th quarter worth $47,000. Marshall Wace LLP acquired a new position in Envestnet during the 1st quarter worth $50,000. NumerixS Investment Technologies Inc grew its stake in Envestnet by 102.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 900 shares of the business services provider’s stock worth $63,000 after purchasing an additional 456 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Envestnet during the 1st quarter worth $65,000. 93.86% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:ENV traded up $0.08 during trading on Tuesday, reaching $74.83. The stock had a trading volume of 229,377 shares, compared to its average volume of 454,574. Envestnet has a 1-year low of $45.53 and a 1-year high of $87.75. The stock has a market cap of $4.00 billion, a PE ratio of -680.27 and a beta of 1.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 0.92. The business has a fifty day moving average price of $72.19 and a 200-day moving average price of $68.92.
Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Envestnet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Envestnet and related companies with MarketBeat.com's FREE daily email newsletter.