Envestnet Inc (ENV) Expected to Post Earnings of $0.45 Per Share
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.
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.
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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