Equities research analysts expect Envestnet Inc (NYSE:ENV) to report $225.46 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Envestnet’s earnings, with the lowest sales estimate coming in at $224.96 million and the highest estimate coming in at $226.19 million. Envestnet posted sales of $201.12 million in the same quarter last year, which suggests a positive year over year growth rate of 12.1%. The business is scheduled to report its next quarterly earnings report on Tuesday, August 6th.

On average, analysts expect that Envestnet will report full year sales of $908.46 million for the current year, with estimates ranging from $907.00 million to $910.46 million. For the next year, analysts anticipate that the business will report sales of $1.05 billion, with estimates ranging from $1.03 billion to $1.07 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Envestnet.

Envestnet (NYSE:ENV) last announced its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). The company had revenue of $199.70 million during the quarter, compared to the consensus estimate of $201.37 million. Envestnet had a positive return on equity of 10.28% and a negative net margin of 2.52%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS.

ENV has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of Envestnet in a research note on Thursday, March 14th. JMP Securities boosted their price objective on shares of Envestnet from $67.00 to $72.00 and gave the company a “market outperform” rating in a research note on Friday, March 15th. DA Davidson cut shares of Envestnet from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $64.00 to $67.00 in a research note on Wednesday, March 20th. They noted that the move was a valuation call. Raymond James boosted their price objective on shares of Envestnet from $77.00 to $82.00 and gave the company a “strong-buy” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Envestnet from $64.00 to $71.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Five analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $73.20.

ENV stock traded up $0.80 during mid-day trading on Wednesday, hitting $70.34. The company had a trading volume of 281,080 shares, compared to its average volume of 275,414. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 56.24, a PEG ratio of 3.09 and a beta of 1.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.03. Envestnet has a 12 month low of $46.57 and a 12 month high of $72.67. The firm’s fifty day moving average is $68.62.

In other Envestnet news, insider Stuart Depina sold 4,805 shares of Envestnet stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $71.21, for a total transaction of $342,164.05. Following the completion of the sale, the insider now directly owns 44,512 shares in the company, valued at $3,169,699.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joshua Mayer sold 1,000 shares of Envestnet stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $67.54, for a total transaction of $67,540.00. Following the sale, the chief operating officer now owns 29,417 shares of the company’s stock, valued at $1,986,824.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,369 shares of company stock valued at $4,162,272. 4.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in ENV. Norges Bank bought a new stake in shares of Envestnet in the 4th quarter worth approximately $25,851,000. TimesSquare Capital Management LLC purchased a new position in Envestnet during the 1st quarter valued at $30,983,000. Fort Washington Investment Advisors Inc. OH purchased a new position in Envestnet during the 1st quarter valued at $14,386,000. BlackRock Inc. increased its position in Envestnet by 4.8% during the 4th quarter. BlackRock Inc. now owns 3,352,246 shares of the business services provider’s stock valued at $164,898,000 after purchasing an additional 152,126 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Envestnet by 21.1% during the 1st quarter. Champlain Investment Partners LLC now owns 766,335 shares of the business services provider’s stock valued at $50,111,000 after purchasing an additional 133,585 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

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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