Enovis (NYSE:ENOV) Issues FY 2022 Earnings Guidance

Enovis (NYSE:ENOVGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $2.20-$2.40 for the period, compared to the consensus EPS estimate of $2.30. The company issued revenue guidance of -.

Several analysts have recently commented on ENOV shares. Robert W. Baird lowered their price objective on Enovis from $79.00 to $73.00 in a research note on Wednesday, May 11th. Zacks Investment Research lowered shares of Enovis from a hold rating to a sell rating in a research note on Monday, May 2nd.

Enovis stock opened at $63.44 on Tuesday. Enovis has a 52 week low of $59.15 and a 52 week high of $164.01. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 48.06, a PEG ratio of 0.63 and a beta of 2.20. The company has a current ratio of 1.62, a quick ratio of 1.03 and a debt-to-equity ratio of 0.35.

Enovis (NYSE:ENOVGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The company had revenue of $375.00 million during the quarter, compared to the consensus estimate of $367.40 million. Enovis had a return on equity of 6.35% and a net margin of 1.77%. Enovis’s revenue was up 20.5% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. As a group, sell-side analysts expect that Enovis will post 4.78 earnings per share for the current fiscal year.

Enovis Company Profile (Get Rating)

Enovis Corporation operates as a medical technology company worldwide. It develops, manufactures, and distributes medical device products used by orthopedic specialists, surgeons, primary care physicians, pain management specialists, physical therapists, podiatrists, chiropractors, athletic trainers, and other healthcare professionals to treat patients with musculoskeletal conditions resulting from degenerative diseases, deformities, traumatic events, and sports related injuries.

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