Envela (ELA) Expected to Announce Earnings on Wednesday

Key Points

• Envela is expected to report earnings after the market close on Wednesday, May 6; analysts forecast $0.13 EPS and $52.803 million in revenue, with consensus full-year EPS of $1 for the current and next fiscal year.
• In its last quarterly report (Mar. 18) Envela beat expectations, posting $0.23 EPS vs. a $0.09 consensus and $80.5 million in revenue, with a 24.22% ROE and a 6.06% net margin.
• Shares trade near $17.80 with a market cap of about $462 million and a P/E of 31.23; analysts' average target is $16.50 (two Buys, one Hold) and institutional ownership is roughly 8.15% after several funds increased positions.

Envela (NYSEAMERICAN:ELA - Get Free Report) is anticipated to release its results after the market closes on Wednesday, May 6th. Analysts expect Envela to post earnings of $0.13 per share and revenue of $52.8030 million for the quarter.

Envela (NYSEAMERICAN:ELA - Get Free Report) last posted its quarterly earnings results on Wednesday, March 18th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.09 by $0.14. The business had revenue of $80.50 million during the quarter, compared to the consensus estimate of $52.25 million. Envela had a return on equity of 24.22% and a net margin of 6.06%. On average, analysts expect Envela to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Envela Stock Up 0.3%

Shares of NYSEAMERICAN ELA opened at $17.80 on Wednesday. The company has a current ratio of 3.50, a quick ratio of 1.63 and a debt-to-equity ratio of 0.03. The company has a market cap of $462.09 million, a price-to-earnings ratio of 31.23 and a beta of 0.16. Envela has a 12 month low of $5.33 and a 12 month high of $18.98. The stock has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $13.12.

Institutional Trading of Envela

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC grew its holdings in shares of Envela by 14.2% during the second quarter. Topline Capital Management LLC now owns 862,433 shares of the company's stock worth $5,278,000 after purchasing an additional 107,470 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Envela by 0.6% in the third quarter. Vanguard Group Inc. now owns 455,034 shares of the company's stock valued at $3,554,000 after acquiring an additional 2,737 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Envela by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 149,107 shares of the company's stock valued at $1,995,000 after acquiring an additional 5,086 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Envela by 16.4% in the third quarter. Bridgeway Capital Management LLC now owns 106,700 shares of the company's stock valued at $833,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Inspire Investing LLC bought a new stake in Envela in the fourth quarter valued at approximately $1,317,000. 8.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ELA has been the subject of several research analyst reports. B. Riley Financial boosted their target price on Envela from $14.00 to $18.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Zacks Research downgraded Envela from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Finally, Lake Street Capital boosted their target price on Envela from $12.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Envela currently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Envela Company Profile

Envela Corporation is a technology-enabled asset recovery and monetization company that specializes in the acquisition, refurbishment and resale of pre-owned consumer electronics and jewelry, as well as the manufacture and distribution of industrial diamonds. Through its integrated platform, the company sources assets from individuals, retailers and corporate clients, employing proprietary software and physical channel operations to optimize value recovery across multiple product categories.

Originally founded as American Jewelry Liquidators, the business rebranded as Envela in 2018 to reflect its broader strategic focus beyond jewelry.

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