FY2025 Earnings Estimate for Envela Issued By B. Riley

Envela Co. (NYSEAMERICAN:ELA) – Research analysts at B. Riley increased their FY2025 EPS estimates for Envela in a research note issued to investors on Sunday, May 11th. B. Riley analyst J. Van. Sinderen now forecasts that the company will earn $0.30 per share for the year, up from their previous estimate of $0.29. The consensus estimate for Envela’s current full-year earnings is $0.24 per share. B. Riley also issued estimates for Envela’s FY2026 earnings at $0.39 EPS.

Separately, Lake Street Capital upped their price target on shares of Envela from $7.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, May 8th.

Envela Price Performance

ELA opened at $6.32 on Wednesday. The firm has a market capitalization of $164.32 million, a PE ratio of 26.33 and a beta of 0.35. The company has a fifty day moving average of $6.17. The company has a quick ratio of 2.08, a current ratio of 4.76 and a debt-to-equity ratio of 0.25. Envela has a 12-month low of $4.20 and a 12-month high of $7.88.

Hedge Funds Weigh In On Envela

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Envela by 113.7% during the third quarter. Barclays PLC now owns 5,025 shares of the company’s stock valued at $28,000 after purchasing an additional 2,674 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Envela by 72.8% in the fourth quarter. Jane Street Group LLC now owns 30,343 shares of the company’s stock worth $218,000 after acquiring an additional 12,783 shares during the last quarter. Ancora Advisors LLC acquired a new stake in shares of Envela in the fourth quarter worth $244,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Envela by 217.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 38,839 shares of the company’s stock worth $279,000 after acquiring an additional 26,598 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Envela by 67.1% in the fourth quarter. Northern Trust Corp now owns 49,320 shares of the company’s stock worth $354,000 after acquiring an additional 19,799 shares during the last quarter. Institutional investors own 8.15% of the company’s stock.

Envela Company Profile

Envela Corporation, together with its subsidiaries, operates in the re-commerce sector in the United States. The company operates through two segments, Commercial-Services and Direct-To-Consumer. It provides end-of-life asset recycling; data destruction and IT asset management; and products, services, and solutions to industrial and commercial companies, as well as operates as a re-commerce retailers of luxury hard assets.