Envestnet ( ENV ) is scheduled to report quarterly earnings on Friday

Envestnet (NYSE:ENV – Get Free Report ) will release its earnings data after the market closes on Friday, August 9th. Analysts expect Envestnet to post earnings of $0.63 per share for the quarter.

Envestnet (NYSE:ENV – Get Your Free Report ) last released its quarterly earnings data on Tuesday, May 7th. The business services provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Envestnet had a positive return on equity of 14.75% and a negative net margin of 15.33%. The business had revenue of $324.95 million for the quarter, compared to analyst estimates of $324.85 million. On average, analysts expect Envestnet to post $2 earnings for the current fiscal year and $2 earnings for the next fiscal year.

Envestnet Price Performance

Shares of NYSE:ENV opened at $61.97 on Thursday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -17.41 and a beta of 1.28. The company has a 50-day moving average price of $62.40 and a 200-day moving average price of $59.27. The company has a quick ratio of 1.19, a current ratio of 1.19, and a debt-to-equity ratio of 1.47. Envestnet has a 12-month low of $33.12 and a 12-month high of $73.04.

Analysts on Wall Street are forecasting an increase

Several equities research analysts recently weighed in on the company. Raymond James lowered Envestnet from a “moderate-buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Royal Bank of Canada upped their target price on shares of Envestnet from $56.00 to $64.00 and gave the company a “sector perform” rating in a report on Wednesday, May 8th. JMP Securities restated a “market outperform” rating and set a $79.00 price objective on shares of Envestnet in a report on Wednesday, April 17th. Jefferies Financial Group raised shares of Envestnet from an “underperform” rating to a “hold” rating and upped their price objective for the company from $47.00 to $59.00 in a research report on Wednesday , 8 May. Finally, StockNews.com began coverage on Envestnet in a research report on Thursday. They set a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $61.88.

Check out our latest research report on ENV

Envestnet Company Profile

(Get a free report)

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 that also offers data aggregation and reporting, data analytics and digital advisory capabilities; Envestnet | Wealth Analytics that turns data into actionable intelligence; Envestnet | Tamarac which provides trading, rebalancing, portfolio accounting, performance reporting and client relationship management software; and Envestnet | MoneyGuide providing goal-based financial planning solutions to the financial services industry.

Further reading

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