Analysts Set Expectations for Envista FY2024 Earnings

Envista Holdings Co. (NYSE:NVST) – Investment analysts at Leerink Partnrs lifted their FY2024 EPS estimates for shares of Envista in a report released on Thursday, October 31st. Leerink Partnrs analyst M. Cherny now forecasts that the company will post earnings per share of $0.70 for the year, up from their previous estimate of $0.68. Leerink Partnrs has a “Hold” rating on the stock. The consensus estimate for Envista’s current full-year earnings is $0.69 per share. Leerink Partnrs also issued estimates for Envista’s Q1 2025 earnings at $0.22 EPS, Q2 2025 earnings at $0.22 EPS, Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.32 EPS and FY2026 earnings at $1.28 EPS.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Envista from $18.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. cut Envista from an “overweight” rating to a “neutral” rating and cut their target price for the company from $23.00 to $16.00 in a research note on Thursday, August 8th. Robert W. Baird boosted their price target on shares of Envista from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday. Bank of America lowered their target price on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company initiated coverage on Envista in a research note on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price target for the company. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.71.

Envista Price Performance

NVST opened at $20.97 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of -2.70 and a beta of 1.32. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $18.60 and a 200 day simple moving average of $18.06. Envista has a 12 month low of $15.15 and a 12 month high of $25.64.

Envista (NYSE:NVST) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Envista had a positive return on equity of 3.59% and a negative net margin of 53.42%. The business had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Insider Activity

In other Envista news, CFO Eric D. Hammes purchased 24,532 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were acquired at an average cost of $16.33 per share, with a total value of $400,607.56. Following the completion of the transaction, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by company insiders.

Institutional Trading of Envista

A number of institutional investors have recently modified their holdings of NVST. Harbor Capital Advisors Inc. raised its stake in Envista by 138.5% in the third quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock valued at $7,995,000 after purchasing an additional 234,941 shares in the last quarter. US Bancorp DE lifted its stake in Envista by 150.6% during the third quarter. US Bancorp DE now owns 4,971 shares of the company’s stock worth $98,000 after purchasing an additional 2,987 shares during the last quarter. Hedges Asset Management LLC increased its stake in shares of Envista by 46.3% in the 3rd quarter. Hedges Asset Management LLC now owns 46,800 shares of the company’s stock valued at $925,000 after purchasing an additional 14,800 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Envista by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company’s stock worth $392,000 after buying an additional 1,355 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Envista by 11.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,314 shares of the company’s stock valued at $303,000 after buying an additional 1,538 shares in the last quarter.

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.