Analysts expect that Envestnet Inc (NYSE:ENV) will announce $0.68 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Envestnet’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.68. Envestnet posted earnings per share of $0.61 in the same quarter last year, which would indicate a positive year over year growth rate of 11.5%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Envestnet will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.14 to $2.15. For the next financial year, analysts expect that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.49 to $2.55. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Envestnet.

Envestnet (NYSE:ENV) last posted its earnings results on Thursday, November 7th. The business services provider reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. Envestnet had a negative net margin of 2.35% and a positive return on equity of 8.44%. The company had revenue of $236.08 million for the quarter, compared to analyst estimates of $233.02 million. During the same quarter in the prior year, the business posted $0.53 EPS. The firm’s revenue was up 16.2% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the stock. DA Davidson upgraded shares of Envestnet from a “neutral” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Tuesday, October 1st. Sandler O’Neill upgraded shares of Envestnet from a “hold” rating to a “buy” rating and upped their target price for the stock from $66.00 to $80.00 in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $75.44.

In other Envestnet news, CTO Scott D. Grinis sold 17,410 shares of the stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $68.45, for a total value of $1,191,714.50. Following the completion of the sale, the chief technology officer now owns 170,977 shares in the company, valued at approximately $11,703,375.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO William Crager sold 9,094 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $59.45, for a total transaction of $540,638.30. Following the completion of the sale, the chief executive officer now owns 232,788 shares of the company’s stock, valued at approximately $13,839,246.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,374 shares of company stock valued at $5,573,486. Company insiders own 4.97% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its position in shares of Envestnet by 8.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 15,338 shares of the business services provider’s stock valued at $870,000 after acquiring an additional 1,170 shares during the period. Squarepoint Ops LLC bought a new position in shares of Envestnet during the 3rd quarter valued at approximately $249,000. York Capital Management Global Advisors LLC bought a new position in shares of Envestnet during the 3rd quarter valued at approximately $22,701,000. California State Teachers Retirement System grew its position in shares of Envestnet by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 74,461 shares of the business services provider’s stock valued at $4,222,000 after acquiring an additional 889 shares during the period. Finally, Stifel Financial Corp grew its position in shares of Envestnet by 2.1% during the 3rd quarter. Stifel Financial Corp now owns 30,577 shares of the business services provider’s stock valued at $1,735,000 after acquiring an additional 615 shares during the period. 96.39% of the stock is owned by hedge funds and other institutional investors.

Shares of ENV traded down $1.55 on Friday, reaching $69.95. The company’s stock had a trading volume of 499,998 shares, compared to its average volume of 400,961. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.56. Envestnet has a twelve month low of $46.57 and a twelve month high of $73.94. The stock has a market capitalization of $3.67 billion, a PE ratio of 55.96, a PEG ratio of 3.09 and a beta of 1.76. The firm has a fifty day moving average of $66.32 and a 200-day moving average of $64.38.

About Envestnet

Envestnet, Inc, together with its subsidiaries, provides intelligent systems for wealth management and financial wellness in the United States and internationally. It operates through Envestnet and Envestnet | Yodlee segments. The company's product and services suites include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as sells data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research, due diligence, and consulting services to assist advisors in creating investment solutions for their clients, and patented portfolio overlay and tax optimization services.

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