Envista (NYSE:NVST) Announces Earnings Results

Envista (NYSE:NVSTGet Free Report) posted its earnings results on Wednesday. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03, Briefing.com reports. The business had revenue of $601.00 million for the quarter, compared to analysts’ expectations of $590.34 million. Envista had a negative net margin of 52.25% and a positive return on equity of 4.86%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share.

Envista Stock Performance

NYSE NVST traded up $2.10 during trading hours on Thursday, hitting $21.33. The company had a trading volume of 3,823,055 shares, compared to its average volume of 2,421,491. The company has a quick ratio of 1.90, a current ratio of 2.22 and a debt-to-equity ratio of 0.47. Envista has a fifty-two week low of $15.15 and a fifty-two week high of $25.64. The business has a fifty day simple moving average of $18.54 and a 200-day simple moving average of $18.04. The firm has a market cap of $3.67 billion, a P/E ratio of -2.77 and a beta of 1.32.

Insider Activity at Envista

In other news, CFO Eric D. Hammes purchased 24,532 shares of the company’s stock in a transaction on Monday, August 12th. The shares were 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 of the company’s stock, valued at $400,607.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NVST has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on shares of Envista in a report on Tuesday, October 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Piper Sandler reduced their target price on Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Bank of America dropped their price target on shares of Envista from $22.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “hold” rating on shares of Envista in a research note on Thursday. Finally, Stifel Nicolaus increased their price target 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. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.63.

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Envista Company Profile

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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.

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Earnings History for Envista (NYSE:NVST)

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