Analyzing Envista Holdings Corp (NVST)’s quick and current ratios

Envista Holdings Corp (NYSE: NVST) closed the day trading at $20.87 down -2.66% from the previous closing price of $21.44. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 2847876 shares were traded.

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Ratios:

For a better understanding of NVST, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.81 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.46. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.36.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Leerink Partners on February 26, 2024, initiated with a Underperform rating and assigned the stock a target price of $19.

On February 09, 2024, Jefferies Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $30 to $23.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 16 when Conley Eric bought 2,185 shares for $22.89 per share. The transaction valued at 50,015 led to the insider holds 47,376 shares of the business.

Nance Mark E bought 5,000 shares of NVST for $108,750 on Nov 08. The General Counsel now owns 39,042 shares after completing the transaction at $21.75 per share. On Nov 06, another insider, Aghdaei Amir, who serves as the Chief Executive Officer of the company, bought 10,000 shares for $21.53 each. As a result, the insider paid 215,253 and bolstered with 295,362 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NVST now has a Market Capitalization of 3.58B and an Enterprise Value of 4.29B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 1.67 whereas that against EBITDA is 25.10.

Stock Price History:

Over the past 52 weeks, NVST has reached a high of $40.92, while it has fallen to a 52-week low of $20.00. The 50-Day Moving Average of the stock is 23.62, while the 200-Day Moving Average is calculated to be 28.15.

Shares Statistics:

Over the past 3-months, NVST traded about 2.60M shares per day on average, while over the past 10 days, NVST traded about 2.32M shares per day. A total of 171.50M shares are outstanding, with a floating share count of 170.72M. Insiders hold about 0.48% of the company’s shares, while institutions hold 106.31% stake in the company. Shares short for NVST as of Feb 15, 2024 were 8.18M with a Short Ratio of 3.15, compared to 9.01M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.77% and a Short% of Float of 5.36%.

Earnings Estimates

Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of $0.32 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.26, while EPS last year was $0.38. The consensus estimate for the next quarter is $0.36, with high estimates of $0.39 and low estimates of $0.31.

Analysts are recommending an EPS of between $1.54 and $1.21 for the fiscal current year, implying an average EPS of $1.42. EPS for the following year is $1.61, with 13 analysts recommending between $1.78 and $1.44.

Revenue Estimates

11 analysts predict $635.41M in revenue for the current quarter. It ranges from a high estimate of $644.67M to a low estimate of $622.82M. As of the current estimate, Envista Holdings Corp’s year-ago sales were $632.48M, an estimated increase of 0.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $659.52M, a decrease of -0.40% less than the figure of $0.50% in the same quarter last year. There is a high estimate of $669.7M for the next quarter, whereas the lowest estimate is $640.22M.

A total of 13 analysts have provided revenue estimates for NVST’s current fiscal year. The highest revenue estimate was $2.63B, while the lowest revenue estimate was $2.57B, resulting in an average revenue estimate of $2.6B. In the same quarter a year ago, actual revenue was $2.57B, up 1.40% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $2.72B in the next fiscal year. The high estimate is $2.8B and the low estimate is $2.62B. The average revenue growth estimate for next year is up 4.40% from the average revenue estimate for this year.

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