Q2 2024 EPS Estimates for Envista Holdings Co. (NYSE:NVST) Lowered by Analyst

Envista Holdings Co. (NYSE:NVST) – Analysts at Leerink Partnrs dropped their Q2 2024 EPS estimates for Envista in a report released on Tuesday, July 9th. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings of $0.29 per share for the quarter, down from their previous estimate of $0.30. The consensus estimate for Envista’s current full-year earnings is $1.20 per share. Leerink Partnrs also issued estimates for Envista’s Q4 2024 earnings at $0.32 EPS, FY2024 earnings at $1.17 EPS, FY2025 earnings at $1.33 EPS, FY2026 earnings at $1.49 EPS and FY2027 earnings at $1.61 EPS.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $623.60 million during the quarter, compared to analysts’ expectations of $634.85 million. Envista had a positive return on equity of 5.84% and a negative net margin of 4.70%. Envista’s quarterly revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share.

A number of other brokerages have also recently commented on NVST. The Goldman Sachs Group dropped their price target on Envista from $20.00 to $17.50 and set a “sell” rating on the stock in a research report on Friday, May 3rd. Evercore ISI cut their target price on shares of Envista from $24.00 to $19.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price target on shares of Envista from $29.00 to $23.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Morgan Stanley cut shares of Envista from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $33.00 to $21.00 in a research note on Friday, April 26th. Finally, Robert W. Baird reduced their price objective on shares of Envista from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.85.

Envista Trading Down 4.2 %

NYSE:NVST opened at $16.03 on Thursday. The firm’s 50 day moving average is $17.74 and its 200 day moving average is $20.56. Envista has a 12 month low of $15.69 and a 12 month high of $36.14. The stock has a market capitalization of $2.75 billion, a PE ratio of -22.26, a price-to-earnings-growth ratio of 13.21 and a beta of 1.31. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 0.34.

Institutional Trading of Envista

Hedge funds have recently made changes to their positions in the stock. Profit Investment Management LLC lifted its position in Envista by 44.5% in the 2nd quarter. Profit Investment Management LLC now owns 193,429 shares of the company’s stock worth $3,217,000 after buying an additional 59,608 shares during the last quarter. CWM LLC boosted its stake in shares of Envista by 203.3% in the 2nd quarter. CWM LLC now owns 14,899 shares of the company’s stock valued at $248,000 after purchasing an additional 9,986 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Envista by 287.4% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 169,648 shares of the company’s stock valued at $2,821,000 after purchasing an additional 125,861 shares during the last quarter. Versant Capital Management Inc raised its position in Envista by 1,420.3% in the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after purchasing an additional 2,940 shares during the period. Finally, Swedbank AB bought a new stake in Envista in the first quarter worth $53,412,000.

Envista Company Profile

Envista Holdings Corporation, together with its subsidiaries, develops, manufactures, markets, and sells dental products in the United States, China, and internationally. The company operates in two segments, Specialty Products & Technologies, and Equipment & Consumables. The Specialty Products & Technologies segment offers dental implant systems, guided surgery systems, biomaterials, and prefabricated and custom-built prosthetics to oral surgeons, prosthodontists and periodontists, and general dentist; and brackets and wires, tubes and bands, archwires, clear aligners, digital orthodontic treatments, retainers, and other orthodontic laboratory products.