Envestnet (ENV) Scheduled to Post Quarterly Earnings on Thursday

Envestnet (NYSE:ENV) is scheduled to be posting 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 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.07). The business had revenue of $348.30 million during the quarter, compared to the consensus estimate of $342.90 million. Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. On average, analysts expect Envestnet to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Envestnet Trading Down 0.0 %

Shares of NYSE:ENV opened at $62.78 on Thursday. 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. The company has a market cap of $3.46 billion, a P/E ratio of -17.63 and a beta of 1.25. The stock’s fifty day moving average price is $62.70 and its 200-day moving average price is $63.02.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Raymond James lowered shares of Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. StockNews.com assumed coverage on shares of Envestnet in a research report on Sunday. They issued a “sell” rating for the company. William Blair reissued a “market perform” rating on shares of Envestnet in a report on Thursday, July 11th. UBS Group restated a “neutral” rating and issued a $63.15 price target (down from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Finally, DA Davidson reiterated a “neutral” rating and set a $63.00 price objective on shares of Envestnet in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Envestnet has a consensus rating of “Hold” and an average target price 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.