Brokerages expect Envestnet Inc (NYSE:ENV) to report earnings of $0.45 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Envestnet’s earnings. The lowest EPS estimate is $0.44 and the highest is $0.50. Envestnet reported earnings of $0.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The company is scheduled to report its next earnings results on Tuesday, August 6th.

On average, analysts expect that Envestnet will report full-year earnings of $2.13 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.15. For the next year, analysts forecast that the company will post earnings of $2.62 per share, with EPS estimates ranging from $2.52 to $2.68. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Envestnet.

Envestnet (NYSE:ENV) last announced its quarterly earnings results on Wednesday, May 8th. The business services provider reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.04). Envestnet had a negative net margin of 2.52% and a positive return on equity of 10.28%. The business had revenue of $199.70 million during the quarter, compared to analysts’ expectations of $201.37 million. During the same quarter in the prior year, the firm earned $0.37 EPS. Envestnet’s revenue for the quarter was up .9% on a year-over-year basis.

Several brokerages recently weighed in on ENV. JPMorgan Chase & Co. lowered Envestnet from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $71.00 to $73.00 in a research note on Thursday, May 9th. Buckingham Research lowered Envestnet from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research note on Thursday, May 9th. Royal Bank of Canada lifted their price target on Envestnet to $71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 9th. Zacks Investment Research upgraded Envestnet from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, SunTrust Banks began coverage on Envestnet in a research note on Thursday, April 18th. They issued a “buy” rating and a $80.00 price target for the company. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Envestnet currently has a consensus rating of “Buy” and a consensus price target of $73.20.

Shares of Envestnet stock traded down $0.97 on Thursday, hitting $67.53. The company’s stock had a trading volume of 7,102 shares, compared to its average volume of 315,584. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.60. Envestnet has a 1 year low of $46.57 and a 1 year high of $72.67. The firm has a market cap of $3.35 billion, a PE ratio of 54.02, a P/E/G ratio of 2.94 and a beta of 1.90.

In other Envestnet news, COO Joshua Mayer sold 1,162 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $61.15, for a total transaction of $71,056.30. Following the completion of the sale, the chief operating officer now directly owns 36,222 shares in the company, valued at approximately $2,214,975.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Stuart Depina sold 18,168 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $65.13, for a total value of $1,183,281.84. Following the sale, the insider now owns 50,968 shares of the company’s stock, valued at $3,319,545.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,335 shares of company stock valued at $4,559,261. 4.97% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of ENV. Teachers Advisors LLC grew its stake in shares of Envestnet by 2.7% during the 3rd quarter. Teachers Advisors LLC now owns 83,501 shares of the business services provider’s stock worth $5,089,000 after acquiring an additional 2,232 shares during the period. Vanguard Group Inc. grew its stake in shares of Envestnet by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,942,847 shares of the business services provider’s stock worth $240,316,000 after acquiring an additional 112,801 shares during the period. Peregrine Capital Management LLC grew its stake in shares of Envestnet by 14.9% during the 4th quarter. Peregrine Capital Management LLC now owns 326,769 shares of the business services provider’s stock worth $16,074,000 after acquiring an additional 42,267 shares during the period. Bank of Montreal Can grew its stake in shares of Envestnet by 23.5% during the 4th quarter. Bank of Montreal Can now owns 1,410 shares of the business services provider’s stock worth $69,000 after acquiring an additional 268 shares during the period. Finally, Strs Ohio grew its stake in shares of Envestnet by 15.8% during the 4th quarter. Strs Ohio now owns 2,200 shares of the business services provider’s stock worth $108,000 after acquiring an additional 300 shares during the period. Institutional investors own 93.83% of the company’s stock.

About Envestnet

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.

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