Analysts expect Envestnet Inc (NYSE:ENV) to announce earnings per share of $0.58 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Envestnet’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.57. Envestnet posted earnings per share of $0.53 in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.4%. The business is expected to issue its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that Envestnet will report full-year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.10 to $2.14. For the next year, analysts forecast that the business will post earnings of $2.54 per share, with EPS estimates ranging from $2.41 to $2.69. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Envestnet.

Envestnet (NYSE:ENV) last released its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Envestnet had a positive return on equity of 10.18% and a negative net margin of 1.72%. The firm had revenue of $227.90 million for the quarter, compared to analyst estimates of $225.34 million. During the same period in the prior year, the business earned $0.41 earnings per share. Envestnet’s revenue for the quarter was up 13.3% on a year-over-year basis.

Several equities research analysts have issued reports on ENV shares. JPMorgan Chase & Co. cut shares of Envestnet from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $71.00 to $73.00 in a research note on Thursday, May 9th. SunTrust Banks started coverage on shares of Envestnet in a research note on Thursday, April 18th. They set a “buy” rating and a $80.00 price target on the stock. Royal Bank of Canada raised their price target on shares of Envestnet to $71.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 9th. Zacks Investment Research cut shares of Envestnet from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, TheStreet cut shares of Envestnet from a “b” rating to a “c+” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $73.30.

Shares of Envestnet stock traded up $0.18 during mid-day trading on Thursday, hitting $55.60. 412,883 shares of the stock were exchanged, compared to its average volume of 296,998. Envestnet has a twelve month low of $46.57 and a twelve month high of $73.94. The company has a market cap of $2.89 billion, a PE ratio of 44.48, a price-to-earnings-growth ratio of 2.71 and a beta of 1.67. The stock has a 50-day moving average of $68.63. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.60.

In other news, insider William Crager sold 18,500 shares of Envestnet stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $58.13, for a total transaction of $1,075,405.00. Following the sale, the insider now owns 243,512 shares in the company, valued at $14,155,352.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Scott D. Grinis sold 10,000 shares of Envestnet stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $68.40, for a total transaction of $684,000.00. Following the sale, the chief technology officer now owns 200,351 shares in the company, valued at approximately $13,704,008.40. The disclosure for this sale can be found here. Insiders have sold 134,564 shares of company stock worth $9,199,089 in the last quarter. Insiders own 4.97% of the company’s stock.

Several large investors have recently modified their holdings of ENV. Norges Bank bought a new stake in shares of Envestnet in the fourth quarter worth $25,851,000. TimesSquare Capital Management LLC acquired a new position in Envestnet in the first quarter worth $30,983,000. Vanguard Group Inc. boosted its holdings in Envestnet by 9.4% in the second quarter. Vanguard Group Inc. now owns 4,491,058 shares of the business services provider’s stock worth $307,053,000 after purchasing an additional 384,026 shares during the period. GW&K Investment Management LLC acquired a new position in Envestnet in the second quarter worth $19,343,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new position in Envestnet in the first quarter worth $14,386,000. Institutional investors and hedge funds own 95.27% of the company’s stock.

Envestnet Company Profile

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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