B. Riley Has Bearish Outlook for Envela FY2025 Earnings

Envela Co. (NYSEAMERICAN:ELA) – Research analysts at B. Riley cut their FY2025 earnings per share (EPS) estimates for shares of Envela in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst J. Van. Sinderen now anticipates that the company will post earnings per share of $0.34 for the year, down from their prior estimate of $0.35. The consensus estimate for Envela’s current full-year earnings is $0.24 per share.

Envela (NYSEAMERICAN:ELA) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.03. The firm had revenue of $46.90 million for the quarter, compared to analyst estimates of $39.85 million. Envela had a net margin of 3.83% and a return on equity of 13.01%.

Separately, Lake Street Capital lifted their target price on shares of Envela from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Wednesday.

Envela Stock Up 2.2 %

Shares of ELA stock opened at $6.00 on Friday. Envela has a fifty-two week low of $3.02 and a fifty-two week high of $6.00. The company has a current ratio of 4.76, a quick ratio of 2.72 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $156 million, a price-to-earnings ratio of 25.00 and a beta of 0.25.

Institutional Trading of Envela

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Envela by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 453,065 shares of the company’s stock valued at $2,093,000 after purchasing an additional 3,678 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Envela during the second quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Envela in the 2nd quarter worth about $50,000. Renaissance Technologies LLC lifted its holdings in Envela by 11.8% during the 2nd quarter. Renaissance Technologies LLC now owns 195,428 shares of the company’s stock valued at $877,000 after purchasing an additional 20,624 shares during the last quarter. Finally, US Bancorp DE acquired a new position in Envela in the third quarter valued at about $339,000. 8.15% of the stock is currently owned by institutional investors.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.