Envestnet (ENV) Scheduled to Post Earnings on Thursday

Envestnet (NYSE:ENV) is set to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Envestnet to post earnings of $0.68 per share for the quarter.

Envestnet (NYSE:ENV) last posted its earnings results on Friday, August 9th. The business services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). Envestnet had a negative net margin of 19.33% and a positive return on equity of 17.02%. The company had revenue of $348.30 million during the quarter, compared to the consensus estimate of $342.90 million. During the same quarter in the prior year, the business earned $0.22 EPS. The firm’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 Performance

ENV stock opened at $62.79 on Tuesday. Envestnet has a twelve month low of $33.12 and a twelve month high of $73.04. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.14 and a current ratio of 1.14. The stock’s 50 day moving average is $62.70 and its 200-day moving average is $63.08.

Analyst Ratings Changes

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

Envestnet Company Profile

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.