Envestnet (ENV) Set to Announce Earnings on Thursday

Envestnet (NYSE:ENV) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.68 per share for the quarter.

Envestnet (NYSE:ENV) last issued its earnings results on Friday, August 9th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.07). Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The firm had revenue of $348.30 million during the quarter, compared to the consensus estimate of $342.90 million. During the same period last year, the firm posted $0.22 earnings per share. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts expect Envestnet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Envestnet Stock Down 0.0 %

Shares of NYSE ENV opened at $62.79 on Tuesday. The business’s 50 day moving average is $62.70 and its two-hundred day moving average is $63.08. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.14 and a quick ratio of 1.14. Envestnet has a 1-year low of $33.12 and a 1-year high of $73.04.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ENV. DA Davidson reissued a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research note on Wednesday, September 18th. UBS Group reissued a “neutral” rating and set a $63.15 price objective (down from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. William Blair reissued a “market perform” rating on shares of Envestnet in a research note on Thursday, July 11th. Raymond James lowered Envestnet from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, StockNews.com initiated coverage on Envestnet in a research report on Monday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Envestnet currently has an average rating of “Hold” and a consensus price target of $61.88.

About Envestnet

Envestnet, Inc, through its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through two segments: Envestnet Wealth Solutions and Envestnet Data & Analytics. The Envestnet Wealth Solutions segment offers Envestnet | Enterprise, an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Wealth Analytics that transforms data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry.