Leerink Partnrs Increases Earnings Estimates for Envista

Envista Holdings Co. (NYSE:NVST) – Stock analysts at Leerink Partnrs boosted their FY2027 earnings per share estimates for Envista in a note issued to investors on Monday, October 14th. Leerink Partnrs analyst M. Cherny now expects that the company will earn $1.52 per share for the year, up from their previous estimate of $1.51. The consensus estimate for Envista’s current full-year earnings is $0.69 per share.

Several other brokerages also recently issued reports on NVST. Wells Fargo & Company started coverage on Envista in a research report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. downgraded Envista from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $23.00 to $16.00 in a research report on Thursday, August 8th. Evercore ISI upped their price objective on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research report on Thursday, August 8th. Finally, Piper Sandler reduced their target price on Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Envista has a consensus rating of “Hold” and an average price target of $19.63.

Envista Stock Up 0.5 %

Shares of NYSE:NVST opened at $18.27 on Thursday. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. Envista has a 52-week low of $15.15 and a 52-week high of $25.64. The stock’s fifty day simple moving average is $18.27 and its 200-day simple moving average is $18.15. The company has a market capitalization of $3.14 billion, a P/E ratio of -25.38 and a beta of 1.32.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The firm had revenue of $633.10 million during the quarter, compared to analyst estimates of $646.88 million. During the same period last year, the company posted $0.43 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis.

Institutional Investors Weigh In On Envista

A number of large investors have recently modified their holdings of the stock. American International Group Inc. grew its stake in Envista by 0.3% during the 4th quarter. American International Group Inc. now owns 231,461 shares of the company’s stock valued at $5,569,000 after purchasing an additional 650 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Envista by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock worth $413,056,000 after purchasing an additional 944,596 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Envista by 271.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 24,123 shares of the company’s stock worth $580,000 after purchasing an additional 17,624 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Envista during the fourth quarter worth $787,000. Finally, NBC Securities Inc. raised its holdings in shares of Envista by 60.6% during the first quarter. NBC Securities Inc. now owns 8,879 shares of the company’s stock worth $189,000 after purchasing an additional 3,351 shares during the period.

Insiders Place Their Bets

In other news, CFO Eric D. Hammes purchased 24,532 shares of the company’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $16.33 per share, for a total transaction of $400,607.56. Following the completion of the purchase, the chief financial officer now directly owns 24,532 shares of the company’s stock, valued at $400,607.56. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by insiders.

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.