FY2024 Earnings Estimate for Envista Issued By William Blair

Envista Holdings Co. (NYSE:NVST) – Stock analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Envista in a note issued to investors on Thursday, October 31st. William Blair analyst B. Vazquez now forecasts that the company will post earnings of $0.77 per share for the year, up from their prior forecast of $0.71. The consensus estimate for Envista’s current full-year earnings is $0.70 per share. William Blair also issued estimates for Envista’s Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.33 EPS, FY2025 earnings at $1.17 EPS and FY2026 earnings at $1.35 EPS.

Other equities analysts have also recently issued reports about the stock. Piper Sandler upped their price objective on shares of Envista from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Bank of America cut their price objective on Envista from $22.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Leerink Partners raised Envista from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $16.00 to $23.00 in a research note on Thursday, October 31st. Evercore ISI boosted their price target on Envista from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Finally, Robert W. Baird raised their price objective on shares of Envista from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $20.71.

Envista Price Performance

Shares of NVST stock opened at $21.28 on Monday. The business has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $18.06. The company has a market cap of $3.66 billion, a P/E ratio of -2.74 and a beta of 1.30. The company has a quick ratio of 1.90, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. Envista has a twelve month low of $15.15 and a twelve month high of $25.64.

Envista (NYSE:NVST) last issued its earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. Envista had a negative net margin of 53.42% and a positive return on equity of 3.76%. The company had revenue of $601.00 million during the quarter, compared to analysts’ expectations of $590.34 million. During the same period in the previous year, the company earned $0.43 EPS. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NVST. Diamond Hill Capital Management Inc. increased its holdings in Envista by 8.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company’s stock worth $26,394,000 after purchasing an additional 100,360 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of Envista by 5.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 107,686 shares of the company’s stock worth $2,128,000 after buying an additional 5,497 shares during the period. Covestor Ltd increased its stake in shares of Envista by 34.2% in the 3rd quarter. Covestor Ltd now owns 6,359 shares of the company’s stock valued at $125,000 after acquiring an additional 1,621 shares in the last quarter. Assetmark Inc. lifted its position in shares of Envista by 5.9% during the 3rd quarter. Assetmark Inc. now owns 38,641 shares of the company’s stock valued at $764,000 after acquiring an additional 2,152 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Envista by 138.5% during the third quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company’s stock worth $7,995,000 after acquiring an additional 234,941 shares in the last quarter.

Insiders Place Their Bets

In other news, CFO Eric D. Hammes acquired 24,532 shares of Envista stock in a transaction dated Monday, August 12th. The shares were bought at an average cost of $16.33 per share, with a total value of $400,607.56. Following the purchase, 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 SEC, which is available at this hyperlink. Company insiders own 1.30% of the company’s stock.

About Envista

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.