During the recent session, Envista Holdings Corp (NYSE:NVST)’s traded shares were 1.87 million, with the beta value of the company hitting 1.32. At the last check today, the stock’s price was $21.55, reflecting an intraday gain of 12.06% or $2.32. The 52-week high for the NVST share is $25.64, that puts it down -18.98 from that peak though still a striking 29.7% gain since the share price plummeted to a 52-week low of $15.15. The company’s market capitalization is $3.71B, and the average intraday trading volume over the past 10 days was 2.19 million shares, and the average trade volume was 2.51 million shares over the past three months.
Envista Holdings Corp (NVST) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.54. NVST has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.24.
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Envista Holdings Corp (NYSE:NVST) trade information
Envista Holdings Corp (NVST) registered a 12.06% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.06% in intraday trading to $21.55, hitting a weekly high. The stock’s 5-day price performance is 13.30%, and it has moved by 12.83% in 30 days. Based on these gigs, the overall price performance for the year is -7.39%. The short interest in Envista Holdings Corp (NYSE:NVST) is 15.39 million shares and it means that shorts have 8.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.5, which implies a decrease of -5.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $17 and $45 respectively. As a result, NVST is trading at a discount of -108.82% off the target high and 21.11% off the low.
Envista Holdings Corp (NVST) estimates and forecasts
Statistics show that Envista Holdings Corp has underperformed its competitors in share price, compared to the industry in which it operates. Envista Holdings Corp (NVST) shares have gone up 8.78% during the last six months, with a year-to-date growth rate less than the industry average at -54.90% against 11.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -17.20% this quarter and then drop -3.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.70% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 649.15M as predicted by 12 analyst(s). Meanwhile, a consensus of 9 analyst(s) estimates revenue growth to 633.12M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 645.6M and 634.11M respectively. In this case, analysts expect current quarter sales to grow by 0.50% and then drop by -0.20% in the coming quarter.
While earnings are projected to return -53.13% in 2024, the next five years will return -6.88% per annum.
NVST Dividends
Envista Holdings Corp is due to release its next quarterly earnings on 2025-Feb-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Envista Holdings Corp (NYSE:NVST)’s Major holders
Envista Holdings Corp insiders own 0.77% of total outstanding shares while institutional holders control 109.80%, with the float percentage being 110.66%. BLACKROCK INC. is the largest shareholder of the company, while 413.0 institutions own stock in it. As of 2024-06-30, the company held over 19.46 million shares (or 11.3196% of all shares), a total value of $323.59 million in shares.
The next largest institutional holding, with 17.28 million shares, is of VANGUARD GROUP INC’s that is approximately 10.051% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $287.33 million.
