Q2 2024 EPS Estimates for Envista Holdings Co. (NYSE:NVST) Cut by Analyst

Envista Holdings Co. (NYSE:NVST) – Equities research analysts at Leerink Partnrs dropped their Q2 2024 EPS estimates for Envista in a report issued on Thursday, May 2nd. Leerink Partnrs analyst M. Cherny now expects that the company will earn $0.33 per share for the quarter, down from their prior forecast of $0.36. Leerink Partnrs has a “Underperform” rating on the stock. The consensus estimate for Envista’s current full-year earnings is $1.41 per share. Leerink Partnrs also issued estimates for Envista’s Q3 2024 earnings at $0.33 EPS, Q4 2024 earnings at $0.36 EPS, FY2024 earnings at $1.28 EPS, FY2025 earnings at $1.47 EPS, FY2026 earnings at $1.62 EPS and FY2027 earnings at $1.79 EPS.

Envista (NYSE:NVST) last issued its quarterly earnings data on Wednesday, May 1st. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Envista had a negative net margin of 4.70% and a positive return on equity of 5.80%. The business had revenue of $623.60 million for the quarter, compared to analysts’ expectations of $634.85 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Envista from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Thursday. TheStreet lowered shares of Envista from a “c” rating to a “d+” rating in a research note on Wednesday, February 7th. The Goldman Sachs Group lowered their price objective on shares of Envista from $20.00 to $17.50 and set a “sell” rating for the company in a research note on Friday. William Blair downgraded Envista from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 8th. Finally, Jefferies Financial Group lowered Envista from a “buy” rating to a “hold” rating and reduced their target price for the stock from $30.00 to $23.00 in a research note on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Envista currently has an average rating of “Hold” and an average target price of $25.86.

Envista Trading Down 4.0 %

Envista stock opened at $19.01 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.90 and a current ratio of 2.23. The stock has a market cap of $3.27 billion, a PE ratio of -26.62, a price-to-earnings-growth ratio of 3.73 and a beta of 1.35. The stock has a 50-day moving average of $20.74 and a two-hundred day moving average of $22.57. Envista has a one year low of $18.09 and a one year high of $36.74.

Institutional Trading of Envista

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Envista by 5.8% during the fourth quarter. Vanguard Group Inc. now owns 17,167,767 shares of the company’s stock valued at $413,056,000 after acquiring an additional 944,596 shares in the last quarter. Ariel Investments LLC grew its stake in shares of Envista by 4.3% during the 3rd quarter. Ariel Investments LLC now owns 5,335,578 shares of the company’s stock worth $148,756,000 after purchasing an additional 218,461 shares during the period. Franklin Resources Inc. increased its holdings in shares of Envista by 65.3% during the 4th quarter. Franklin Resources Inc. now owns 5,262,092 shares of the company’s stock valued at $126,606,000 after purchasing an additional 2,077,786 shares in the last quarter. Nuance Investments LLC lifted its stake in shares of Envista by 953.8% in the 4th quarter. Nuance Investments LLC now owns 3,931,054 shares of the company’s stock valued at $94,581,000 after purchasing an additional 3,558,031 shares during the period. Finally, River Road Asset Management LLC purchased a new stake in Envista during the fourth quarter worth $54,931,000.

Envista Company Profile

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.