FY2027 EPS Estimates for Envista Boosted by Leerink Partnrs

Envista Holdings Co. (NYSE:NVST - Free Report) - Analysts at Leerink Partnrs increased their FY2027 earnings estimates for Envista in a report issued on Monday, October 14th. Leerink Partnrs analyst M. Cherny now expects that the company will post earnings of $1.52 per share for the year, up from their previous forecast of $1.51. The consensus estimate for Envista's current full-year earnings is $0.69 per share.

NVST has been the subject of several other research reports. Evercore ISI increased their price target on shares of Envista from $18.00 to $23.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Wells Fargo & Company began coverage on Envista in a research report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 price objective for the company. Piper Sandler cut their price target on Envista from $18.00 to $16.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 30th. JPMorgan Chase & Co. cut Envista from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $23.00 to $16.00 in a research report on Thursday, August 8th. Finally, Bank of America lowered their price target on Envista from $22.00 to $19.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Envista has an average rating of "Hold" and an average price target of $19.63.

Envista Price Performance

Shares of NVST stock traded up $0.09 on Thursday, reaching $18.27. The company's stock had a trading volume of 971,605 shares, compared to its average volume of 2,419,122. Envista has a 12-month low of $15.15 and a 12-month high of $25.64. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.14 billion, a P/E ratio of -24.89 and a beta of 1.32. The stock's 50 day simple moving average is $18.23 and its 200-day simple moving average is $18.15.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $646.88 million. During the same period last year, the company posted $0.43 earnings per share. Envista's revenue for the quarter was down 4.4% on a year-over-year basis.

Insiders Place Their Bets

In other Envista news, CFO Eric D. Hammes purchased 24,532 shares of the business's stock in a transaction on Monday, August 12th. The stock was acquired at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the purchase, the chief financial officer now owns 24,532 shares of the company's stock, valued at approximately $400,607.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its position in Envista by 69.8% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the company's stock worth $35,000 after purchasing an additional 726 shares during the period. Versant Capital Management Inc increased its position in Envista by 1,420.3% during the 2nd quarter. Versant Capital Management Inc now owns 3,147 shares of the company's stock valued at $52,000 after buying an additional 2,940 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Envista in the 2nd quarter valued at approximately $78,000. Summit Securities Group LLC acquired a new stake in shares of Envista during the second quarter worth $85,000. Finally, Signaturefd LLC grew its stake in Envista by 85.9% during the 2nd quarter. Signaturefd LLC now owns 5,345 shares of the company's stock valued at $89,000 after purchasing an additional 2,470 shares during the last quarter.

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.