FY2027 EPS Estimates for Envista Raised by Leerink Partnrs

Envista Holdings Co. (NYSE:NVST) – Analysts at Leerink Partnrs upped their FY2027 earnings estimates for shares of Envista in a research report issued to clients and investors on Monday, October 14th. Leerink Partnrs analyst M. Cherny now expects that the company will post earnings per share of $1.52 for the year, up from their prior estimate of $1.51. The consensus estimate for Envista’s current full-year earnings is $0.69 per share.

Envista (NYSE:NVST) last posted its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $633.10 million during the quarter, compared to analysts’ expectations of $646.88 million. Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share.

NVST has been the topic of a number of other research reports. Piper Sandler dropped their target price on Envista from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Robert W. Baird decreased their target price on Envista from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. 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 target price on the stock. Evercore ISI raised their price objective on Envista from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Finally, JPMorgan Chase & Co. lowered Envista from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $23.00 to $16.00 in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.63.

Envista Stock Performance

NVST stock opened at $18.27 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.22 and a quick ratio of 1.90. The business has a 50-day moving average price of $18.27 and a 200 day moving average price of $18.15. The company has a market capitalization of $3.14 billion, a P/E ratio of -25.38 and a beta of 1.32. Envista has a 1-year low of $15.15 and a 1-year high of $25.64.

Insider Buying and Selling at Envista

In other news, CFO Eric D. Hammes acquired 24,532 shares of Envista 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 purchase, the chief financial officer now owns 24,532 shares in the company, valued at $400,607.56. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Envista by 69.8% during the third quarter. GAMMA Investing LLC now owns 1,766 shares of the company’s stock worth $35,000 after acquiring an additional 726 shares during the period. Versant Capital Management Inc grew its holdings in Envista by 1,420.3% during the second quarter. Versant Capital Management Inc now owns 3,147 shares of the company’s stock worth $52,000 after acquiring an additional 2,940 shares during the period. Innealta Capital LLC acquired a new position in Envista during the second quarter worth $78,000. Summit Securities Group LLC acquired a new position in Envista during the second quarter worth $85,000. Finally, Signaturefd LLC grew its holdings in Envista by 85.9% during the second quarter. Signaturefd LLC now owns 5,345 shares of the company’s stock worth $89,000 after acquiring an additional 2,470 shares during the period.

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.