Envista (NYSE:NVST) will be releasing its earnings data after the market closes on Tuesday, August 3rd. Analysts expect Envista to post earnings of $0.44 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Envista (NYSE:NVST) last announced its earnings results on Wednesday, May 5th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.23. Envista had a return on equity of 6.93% and a net margin of 5.00%. The company had revenue of $709.20 million for the quarter, compared to analyst estimates of $636.89 million. On average, analysts expect Envista to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Envista stock opened at $41.77 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.77 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $43.09. The stock has a market cap of $6.72 billion, a P/E ratio of 61.43, a PEG ratio of 0.84 and a beta of 1.93. Envista has a fifty-two week low of $20.97 and a fifty-two week high of $46.52.
In related news, SVP Jeffrey Kappler sold 1,717 shares of the company’s stock in a transaction dated Friday, July 16th. The stock was sold at an average price of $42.00, for a total value of $72,114.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mischa Reis sold 1,049 shares of the company’s stock in a transaction dated Monday, May 3rd. The stock was sold at an average price of $43.73, for a total value of $45,872.77. Following the completion of the transaction, the senior vice president now directly owns 49,159 shares of the company’s stock, valued at approximately $2,149,723.07. The disclosure for this sale can be found here. Insiders sold 75,911 shares of company stock worth $3,362,955 in the last 90 days. Company insiders own 0.82% of the company’s stock.
Several research firms have weighed in on NVST. Credit Suisse Group boosted 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. Morgan Stanley boosted their price target on Envista from $42.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, May 7th. Zacks Investment Research upgraded Envista from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Saturday, May 8th. Piper Sandler boosted their price target on Envista from $41.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, May 6th. Finally, TheStreet upgraded Envista from a “d+” rating to a “c” rating in a research note on Thursday, May 13th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Envista has a consensus rating of “Buy” and a consensus target price of $43.33.
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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