B. Riley Has Bullish Estimate for Envela FY2025 Earnings

Envela Co. (NYSEAMERICAN:ELA) – Stock analysts at B. Riley increased their FY2025 earnings estimates for Envela in a research report issued on Sunday, May 11th. B. Riley analyst J. Van. Sinderen now forecasts that the company will post earnings per share of $0.30 for the year, up from their previous forecast 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 increased their target price on shares of Envela from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th.

Envela Price Performance

Shares of ELA stock opened at $6.43 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 2.08 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $167.18 million, a price-to-earnings ratio of 26.79 and a beta of 0.35. The stock’s 50-day moving average is $6.16. Envela has a 1-year low of $4.20 and a 1-year high of $7.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its stake in shares of Envela by 113.7% in 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 period. Jane Street Group LLC boosted 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 valued at $218,000 after purchasing an additional 12,783 shares during the period. Ancora Advisors LLC purchased a new position in Envela in the fourth quarter worth approximately $244,000. Arrowstreet Capital Limited Partnership lifted its stake in 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 lifted its stake in 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. Hedge funds and other 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.