Envista Holdings Co. Expected to Post Q3 2024 Earnings of $0.10 Per Share (NYSE:NVST) (2024)

Envista Holdings Co. (NYSE:NVST – Free Report) – Research analysts at Leerink Partnrs cut their Q3 2024 earnings estimates for shares of Envista in a note issued to investors on Thursday, August 8th. Leerink Partnrs analyst M. Cherny now expects that the company will post earnings per share of $0.10 for the quarter, down from their prior estimate of $0.30. The consensus estimate for Envista’s current full-year earnings is $1.15 per share. Leerink Partnrs also issued estimates for Envista’s FY2024 earnings at $0.68 EPS, FY2025 earnings at $0.99 EPS and FY2026 earnings at $1.24 EPS.

NVST has been the subject of a number of other research reports. JPMorgan Chase & Co. cut Envista from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $23.00 to $16.00 in a research report on Thursday. Piper Sandler lowered their price target on Envista from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Envista in a research report on Thursday. Evercore ISI dropped their target price on shares of Envista from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of Envista from $20.00 to $17.50 and set a “sell” rating on the stock in a report on Friday, May 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.14.

View Our Latest Stock Report on Envista

Envista Price Performance

Shares of NVST stock opened at $16.18 on Monday. The company has a market cap of $2.78 billion, a P/E ratio of -22.47, a PEG ratio of 14.74 and a beta of 1.31. The stock’s 50-day moving average is $16.82 and its 200 day moving average is $19.42. Envista has a 1-year low of $15.15 and a 1-year high of $33.84. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.27 and a quick ratio of 1.93.

Envista (NYSE:NVST – Get Free Report) last released its quarterly earnings data 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 positive return on equity of 5.84% and a negative net margin of 4.70%. The firm’s revenue was down 4.4% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share.

Institutional Investors Weigh In On Envista

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Corbyn Investment Management Inc. MD grew its position in shares of Envista by 0.6% in the fourth quarter. Corbyn Investment Management Inc. MD now owns 73,899 shares of the company’s stock valued at $1,778,000 after purchasing an additional 462 shares during the period. William Blair Investment Management LLC boosted its stake in Envista by 4.0% during the 1st quarter. William Blair Investment Management LLC now owns 14,049 shares of the company’s stock worth $300,000 after purchasing an additional 538 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Envista by 0.6% during the fourth quarter. Wedge Capital Management L L P NC now owns 102,309 shares of the company’s stock worth $2,462,000 after buying an additional 569 shares in the last quarter. Securian Asset Management Inc. raised its position in shares of Envista by 4.3% in the fourth quarter. Securian Asset Management Inc. now owns 14,465 shares of the company’s stock valued at $348,000 after buying an additional 590 shares during the last quarter. Finally, American International Group Inc. lifted its stake in shares of Envista by 0.3% in the fourth quarter. American International Group Inc. now owns 231,461 shares of the company’s stock worth $5,569,000 after buying an additional 650 shares in the last quarter.

About Envista

(Get Free Report)

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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