Envista (NVST) Expected to Announce Quarterly Earnings on Wednesday

Envista (NYSE:NVST - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect Envista to post earnings of $0.23 per share and revenue of $646.29 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

Envista (NYSE:NVST - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Envista had a positive return on equity of 3.76% and a negative net margin of 53.42%. The company had revenue of $601.00 million during the quarter, compared to the consensus estimate of $590.34 million. During the same quarter last year, the business posted $0.43 earnings per share. Envista's revenue was down 4.8% 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 Price Performance

Shares of NYSE:NVST traded down $0.90 on Friday, hitting $20.51. The company had a trading volume of 2,143,085 shares, compared to its average volume of 1,715,122. The company has a market cap of $3.53 billion, a PE ratio of -2.64, a PEG ratio of 1.89 and a beta of 1.33. The business has a 50 day moving average of $20.08 and a 200 day moving average of $19.01. Envista has a 52-week low of $15.15 and a 52-week high of $24.79. The company has a current ratio of 2.08, a quick ratio of 1.77 and a debt-to-equity ratio of 0.42.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Envista from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Wells Fargo & Company started coverage on Envista in a research report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 target price on the stock. Jefferies Financial Group raised their price target on Envista from $20.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. Mizuho began coverage on shares of Envista in a research note on Wednesday, December 4th. They set an "underperform" rating and a $20.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $20.13.

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.