Envista Holdings Corporation (NYSE:NVST) has a 12-month trailing P/E ratio of 67.33. The stock’s Relative Strength Index (RSI) is 48.34, with weekly volatility at 1.85% and ATR at 1.06. The NVST stock’s 52-week price range has touched low of $18.80 and a $46.52 high. Its shares traded lower over the last trading session, losing -1.36% on 05/25/21. The shares fell to a low of $43.52 before closing at $43.56. Intraday shares traded counted 1.22 million, which was 48.58% higher than its 30-day average trading volume of 2.37M. NVST’s previous close was $44.16 while the outstanding shares total 160.50M.
Investors have identified the Medical Instruments & Supplies company Envista Holdings Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.03 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Envista Holdings Corporation (NVST) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For NVST, the company has in raw cash 441.2 million on their books with 416.4 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 1.16 billion total, with 1.14 billion as their total liabilities.
NVST were able to record 8.3 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -447.7 million. In cash movements, the company had a total of 16.6 million as operating cash flow.
Potential earnings growth for Envista Holdings Corporation (NVST)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Envista Holdings Corporation recorded a total of 709.2 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 22.84% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -3.26%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 311.9 million trying to sell their products during the last quarter, with the result yielding a gross income of 397.3 million. This allows shareholders to hold on to 160.50M with the recently reported earning now reading 0.45 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.54 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.04 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NVST sounds very interesting.
Is the stock of NVST attractive?
In related news, Chief Financial Officer, Yu Howard H sold 35,021 shares of the company’s stock in a transaction that recorded on May 07. The sale was performed at an average price of 45.17, for a total value of 1,581,899. As the sale deal closes, the SVP, Strategy & Bus. Dev., Reis Mischa now sold 1,049 shares of the company’s stock, valued at 45,873. Also, Senior Vice President, Kappler Jeffrey sold 13,473 shares of the company’s stock in a deal that was recorded on Apr 07. The shares were price at an average price of 44.95 per share, with a total market value of 605,611. Following this completion of acquisition, the Chief Executive Officer, Aghdaei Amir now holds 70,238 shares of the company’s stock, valued at 3,092,778. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
8 out of 12 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Envista Holdings Corporation. 0 analysts has assigned a Sell rating on the NVST stock. The 12-month mean consensus price target for the company’s shares has been set at $50.60.