Envestnet (ENV) Set to Announce Earnings on Thursday

Envestnet (NYSE:ENV) is scheduled to release its earnings data 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 the consensus estimate of $0.62 by ($0.07). The business had revenue of $348.30 million during the quarter, compared to analysts’ expectations of $342.90 million. Envestnet had a positive return on equity of 17.02% and a negative net margin of 19.33%. Envestnet’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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 Price Performance

ENV opened at $62.81 on Wednesday. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of -13.62 and a beta of 1.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.70. The firm has a 50-day moving average price of $62.70 and a 200-day moving average price of $63.07. Envestnet has a twelve month low of $33.12 and a twelve month high of $73.04.

Analysts Set New Price Targets

Several research firms have recently weighed in on ENV. DA Davidson reiterated a “neutral” rating and issued a $63.00 target price on shares of Envestnet in a research note on Wednesday, September 18th. William Blair reaffirmed a “market perform” rating on shares of Envestnet in a research note on Thursday, July 11th. StockNews.com started coverage on shares of Envestnet in a research note on Monday. They set a “sell” rating for the company. UBS Group reaffirmed a “neutral” rating and set a $63.15 price objective (down previously from $75.00) on shares of Envestnet in a research note on Tuesday, July 16th. Finally, Raymond James cut shares of Envestnet from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Envestnet currently 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.