Envela Co. (NYSEAMERICAN:ELA - Free Report) - Equities research analysts at B. Riley decreased their FY2025 earnings per share (EPS) estimates for Envela in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst J. Van. Sinderen now forecasts that the company will earn $0.34 per share for the year, down from their prior forecast of $0.35. The consensus estimate for Envela's current full-year earnings is $0.21 per share.
Separately, Lake Street Capital raised their price target on shares of Envela from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Wednesday.
Read Our Latest Research Report on ELA
Envela Stock Up 1.0 %
NYSEAMERICAN ELA traded up $0.06 on Friday, reaching $5.93. The stock had a trading volume of 38,391 shares, compared to its average volume of 30,123. Envela has a 12-month low of $3.02 and a 12-month high of $5.98. The firm has a market cap of $154.60 million, a price-to-earnings ratio of 24.46 and a beta of 0.25. The company has a quick ratio of 2.72, a current ratio of 5.88 and a debt-to-equity ratio of 0.26.
Envela (NYSEAMERICAN:ELA - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.03. The company had revenue of $46.90 million for the quarter, compared to the consensus estimate of $39.85 million. Envela had a return on equity of 13.27% and a net margin of 4.10%.
Institutional Trading of Envela
A number of institutional investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC acquired a new position in Envela during the second quarter worth $42,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Envela during the 2nd quarter valued at about $50,000. US Bancorp DE acquired a new position in shares of Envela during the 3rd quarter worth approximately $339,000. Renaissance Technologies LLC increased its position in Envela by 11.8% during the second quarter. Renaissance Technologies LLC now owns 195,428 shares of the company's stock worth $877,000 after buying an additional 20,624 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Envela by 0.8% in the first quarter. Vanguard Group Inc. now owns 453,065 shares of the company's stock worth $2,093,000 after acquiring an additional 3,678 shares during the last quarter. 8.15% of the stock is currently owned by hedge funds and other institutional investors.
Envela Company Profile
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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.
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