Wall Street analysts predict that Envista Holdings Co. (NYSE:NVST) will announce earnings of $0.44 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Envista’s earnings, with the lowest EPS estimate coming in at $0.41 and the highest estimate coming in at $0.47. Envista reported earnings of ($0.10) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 540%. The business is expected to issue its next earnings report on Thursday, July 29th.
According to Zacks, analysts expect that Envista will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.85 to $1.94. For the next fiscal year, analysts anticipate that the business will report earnings of $2.06 per share, with EPS estimates ranging from $1.97 to $2.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Envista.
Envista (NYSE:NVST) last posted its earnings results on Wednesday, May 5th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.23. Envista had a return on equity of 6.93% and a net margin of 5.00%.
A number of research analysts have weighed in on NVST shares. Zacks Investment Research raised Envista from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a report on Saturday, May 8th. Piper Sandler upped their price target on Envista from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, May 6th. TheStreet upgraded Envista from a “d+” rating to a “c” rating in a research report on Thursday, May 13th. Morgan Stanley increased their target price on Envista from $42.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Friday, May 7th. Finally, Credit Suisse Group increased their price target on Envista from $49.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, May 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $43.33.
NVST stock traded up $0.09 during trading on Thursday, reaching $42.94. The stock had a trading volume of 13,407 shares, compared to its average volume of 2,006,693. Envista has a 52 week low of $19.43 and a 52 week high of $46.52. The firm’s 50 day moving average is $43.63. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.77 and a current ratio of 1.02. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 0.90 and a beta of 1.94.
In other Envista news, CEO Amir Aghdaei sold 680 shares of the firm’s stock in a transaction on Friday, March 26th. The stock was sold at an average price of $40.75, for a total transaction of $27,710.00. Following the transaction, the chief executive officer now directly owns 539,870 shares in the company, valued at approximately $21,999,702.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mischa Reis sold 1,049 shares of the firm’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $43.73, for a total value of $45,872.77. Following the transaction, the senior vice president now owns 49,159 shares in the company, valued at $2,149,723.07. The disclosure for this sale can be found here. Insiders have sold a total of 207,234 shares of company stock valued at $9,041,951 over the last three months. 0.82% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in Envista by 52.6% during the 4th quarter. Victory Capital Management Inc. now owns 29,735 shares of the company’s stock worth $1,003,000 after acquiring an additional 10,245 shares during the period. SG Americas Securities LLC acquired a new stake in Envista during the 4th quarter worth about $658,000. BlackRock Inc. lifted its position in Envista by 1.6% during the 4th quarter. BlackRock Inc. now owns 11,737,717 shares of the company’s stock worth $395,916,000 after acquiring an additional 185,867 shares during the period. Prudential PLC lifted its position in Envista by 12.6% during the 4th quarter. Prudential PLC now owns 10,700 shares of the company’s stock worth $361,000 after acquiring an additional 1,200 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in shares of Envista by 8.6% in the 4th quarter. Alliancebernstein L.P. now owns 88,910 shares of the company’s stock valued at $2,999,000 after buying an additional 7,070 shares during the period.
Envista Company Profile
Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, and markets dental products in the United States and internationally. The company operates in two segments, Specialty Products & Technologies and Equipment & Consumables. The company’s Specialty Products & Technologies segment provides dental implant systems, guided surgery systems, biomaterials, prefabricated and custom-built prosthetics, and dental eye loupes to oral surgeons, prosthodontists, and periodontists under the brands, including Nobel Biocare, Alpha Bio Tec, Implant Direct, Logon, Nobel Procera, and Orascoptic; and brackets and wires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products under the Damon, Ormco, Insignia, AOA, and Spark brands.
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