FY2025 EPS Estimates for Envista Boosted by Leerink Partnrs

Envista Holdings Co. (NYSE:NVST - Free Report) - Analysts at Leerink Partnrs lifted their FY2025 earnings per share estimates for Envista in a report issued on Thursday, October 31st. Leerink Partnrs analyst M. Cherny now forecasts that the company will earn $1.07 per share for the year, up from their previous forecast of $0.97. Leerink Partnrs currently has a "Hold" rating on the stock. The consensus estimate for Envista's current full-year earnings is $0.70 per share. Leerink Partnrs also issued estimates for Envista's FY2027 earnings at $1.41 EPS.

A number of other research firms have also recently issued reports on NVST. JPMorgan Chase & Co. cut Envista from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $23.00 to $16.00 in a report on Thursday, August 8th. Robert W. Baird lifted their price objective on shares of Envista from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday. Wells Fargo & Company began coverage on shares of Envista in a report on Tuesday, October 8th. They set an "equal weight" rating and a $20.00 target price for the company. Stifel Nicolaus lifted their price target on shares of Envista from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. Finally, Leerink Partners upgraded shares of Envista from an "underperform" rating to a "market perform" rating and increased their price objective for the stock from $16.00 to $23.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Envista presently has an average rating of "Hold" and an average target price of $20.71.

Envista Stock Up 1.6 %

Shares of NVST traded up $0.34 on Monday, hitting $21.28. The company's stock had a trading volume of 2,285,093 shares, compared to its average volume of 2,435,461. Envista has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The company has a quick ratio of 1.90, a current ratio of 2.08 and a debt-to-equity ratio of 0.42. The firm's fifty day moving average price is $18.64 and its 200-day moving average price is $18.05. The firm has a market capitalization of $3.66 billion, a price-to-earnings ratio of -2.71 and a beta of 1.30.

Envista (NYSE:NVST - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $590.34 million. During the same period in the prior year, the business posted $0.43 EPS. Envista's revenue was down 4.8% on a year-over-year basis.

Institutional Investors Weigh In On Envista

Institutional investors have recently modified their holdings of the business. Diamond Hill Capital Management Inc. grew its position in shares of Envista by 8.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,335,710 shares of the company's stock worth $26,394,000 after purchasing an additional 100,360 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Envista by 5.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 107,686 shares of the company's stock valued at $2,128,000 after buying an additional 5,497 shares during the period. Covestor Ltd boosted its stake in shares of Envista by 34.2% in the third quarter. Covestor Ltd now owns 6,359 shares of the company's stock valued at $125,000 after buying an additional 1,621 shares during the period. Assetmark Inc. increased its stake in Envista by 5.9% during the 3rd quarter. Assetmark Inc. now owns 38,641 shares of the company's stock worth $764,000 after acquiring an additional 2,152 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in Envista by 138.5% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 404,589 shares of the company's stock worth $7,995,000 after acquiring an additional 234,941 shares during the period.

Insider Buying and Selling

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

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.