William Blair Brokers Lower Earnings Estimates for Envista

Envista Holdings Co. (NYSE:NVST - Free Report) - Research analysts at William Blair lowered their Q4 2024 EPS estimates for Envista in a report released on Thursday, October 31st. William Blair analyst B. Vazquez now expects that the company will earn $0.27 per share for the quarter, down from their prior forecast of $0.29. The consensus estimate for Envista's current full-year earnings is $0.69 per share. William Blair also issued estimates for Envista's Q1 2026 earnings at $0.32 EPS, Q2 2026 earnings at $0.34 EPS and Q3 2026 earnings at $0.33 EPS.

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, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $601.00 million for the quarter, compared to analyst estimates of $590.34 million. Envista had a positive return on equity of 3.59% and a negative net margin of 53.42%. Envista's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS.

A number of other analysts have also weighed in on the stock. Stifel Nicolaus increased their price objective on shares of Envista from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Needham & Company LLC reiterated a "hold" rating on shares of Envista in a report on Thursday. Leerink Partnrs upgraded Envista from a "strong sell" rating to a "hold" rating in a report on Thursday. Leerink Partners upgraded Envista from an "underperform" rating to a "market perform" rating and increased their target price for the stock from $16.00 to $23.00 in a research note on Thursday. Finally, Piper Sandler lifted their target price on Envista from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $20.71.

Envista Trading Down 0.1 %

Shares of NVST traded down $0.03 during midday trading on Friday, hitting $20.94. The stock had a trading volume of 2,835,051 shares, compared to its average volume of 2,436,171. The stock's 50 day moving average is $18.64 and its 200 day moving average is $18.08. The firm has a market cap of $3.60 billion, a PE ratio of -2.69 and a beta of 1.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. Envista has a 1 year low of $15.15 and a 1 year high of $25.64.

Institutional Investors Weigh In On Envista

Several institutional investors have recently bought and sold shares of NVST. Assetmark Inc. boosted its holdings in Envista by 5.9% in the third quarter. Assetmark Inc. now owns 38,641 shares of the company's stock worth $764,000 after acquiring an additional 2,152 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Envista by 138.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company's stock worth $7,995,000 after purchasing an additional 234,941 shares in the last quarter. US Bancorp DE grew its position in Envista by 150.6% during the 3rd quarter. US Bancorp DE now owns 4,971 shares of the company's stock worth $98,000 after purchasing an additional 2,987 shares during the last quarter. Hedges Asset Management LLC increased its stake in Envista by 46.3% during the 3rd quarter. Hedges Asset Management LLC now owns 46,800 shares of the company's stock valued at $925,000 after purchasing an additional 14,800 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in shares of Envista by 7.3% in the third quarter. State of Alaska Department of Revenue now owns 19,887 shares of the company's stock worth $392,000 after buying an additional 1,355 shares during the last quarter.

Insider Activity

In related news, CFO Eric D. Hammes bought 24,532 shares of the stock in a transaction on Monday, August 12th. The stock was bought at an average price of $16.33 per share, for a total transaction of $400,607.56. Following the completion of the acquisition, the chief financial officer now directly owns 24,532 shares in the company, valued at approximately $400,607.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.30% of the company's stock.

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.