Envista (NVST) Scheduled to Post Quarterly Earnings on Wednesday

Envista (NYSE:NVST) is set to post its quarterly earnings results before the market opens on Wednesday, October 30th. Analysts expect Envista to post earnings of $0.09 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.43 earnings per share. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, analysts expect Envista to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Envista Stock Performance

NYSE:NVST opened at $19.23 on Tuesday. Envista has a 1 year low of $15.15 and a 1 year high of $25.64. The firm’s fifty day simple moving average is $18.49 and its 200 day simple moving average is $18.04. The company has a current ratio of 2.22, a quick ratio of 1.90 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.31 billion, a PE ratio of -2.50 and a beta of 1.32.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Evercore ISI raised their target price on shares of Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Robert W. Baird decreased their price target on shares of Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. JPMorgan Chase & Co. lowered shares of Envista from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $23.00 to $16.00 in a research report on Thursday, August 8th. Piper Sandler decreased their price target on shares of Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Envista in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Envista presently has an average rating of “Hold” and an average price target of $19.88.

Insider Activity

In other Envista news, CFO Eric D. Hammes bought 24,532 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average cost of $16.33 per share, for a total transaction of $400,607.56. Following the transaction, the chief financial officer now owns 24,532 shares in the company, valued at approximately $400,607.56. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.30% of the stock is owned by company 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.