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Envestnet Inc (ENV.N)

ENV.N on New York Stock Exchange

31.70USD
29 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Envestnet sees FY 2017 adjusted total revenues $650 mln-$660 mln
Thursday, 23 Mar 2017 04:05pm EDT 

Envestnet Inc : Envestnet reports fourth quarter 2016 financial results . Q4 adjusted earnings per share $0.32 . Q4 loss per share $0.75 . Q4 revenue $155.5 million versus i/b/e/s view $155.2 million . Q4 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . Envestnet inc sees q1 revenues $153.8 million - $156.3 million . Envestnet inc sees q1 adjusted revenues $154.0 million - $156.5 million . Sees q1 2017 adjusted net income per diluted share $0.24 . Envestnet inc sees q1 adjusted earnings per share $0.24 . Envestnet inc sees fy 2017 total revenues $649 million - $659 million . Envestnet inc sees fy 2017 adjusted total revenues $650 million - $660 million . Q1 earnings per share view $0.29, revenue view $158.4 million -- Thomson Reuters I/B/E/S .Fy2017 earnings per share view $1.36, revenue view $672.9 million -- Thomson Reuters I/B/E/S.  Full Article

Envestnet files for non-timely 10-K
Thursday, 2 Mar 2017 08:50am EST 

Envestnet Inc : Files for non-timely 10-K - SEC filing . Envestnet- Not completed assessment of effectiveness of internal control over financial reporting due to control deficiencies identified by management . Envestnet -believes certain of control deficiencies, individually or in aggregate, represent material weaknesses in internal control over financial reporting . Envestnet Inc - for year ended December 31, 2016, the company expects to report revenues of approximately $578 million, a 37% increase over 2015 . Envestnet - after assessment, co may determine that there are additional control deficiencies that may represent material weaknesses . Envestnet Inc - increase in FY revenue was primarily due to inclusion of full year of results for Yodlee, which company acquired in November 2015 . Envestnet Inc - expects to report a net loss of approximately $50 million for 2016, compared to net income of approximately $4 million in 2015 .Envestnet Inc - for the Envestnet segment, revenues are expected to be approximately $448 million for 2016, 10% higher than 2015.  Full Article

Envestnet sees Q4 adjusted earnings per share $0.32
Wednesday, 22 Feb 2017 09:00am EST 

Envestnet Inc : Envestnet provides update on fourth quarter 2016 financial results . Envestnet Inc - sees Q4 adjusted earnings per share $0.32 . Envestnet Inc - now sees Q4 non-GAAP adjusted revenues $155.6 million-$156.0 million . Envestnet Inc - may conclude that certain control deficiencies exist in internal controls over financial reporting . Envestnet Inc - control deficiencies may represent a material weakness over financial reporting as of December 31, 2016 .Envestnet Inc - anticipates releasing Q4 results "as soon as practicable".  Full Article

envestnet | Retirement Solutions, Healthsavings administrators form strategic partnership to manage health savings accounts
Wednesday, 10 Aug 2016 08:38am EDT 

Envestnet Inc :Envestnet | Retirement Solutions & Healthsavings Administrators form strategic partnership to manage health savings accounts.  Full Article

Envestnet Q2 adjusted EPS $0.21
Monday, 8 Aug 2016 04:22pm EDT 

Envestnet Inc : Q2 adjusted earnings per share $0.21 . Q2 revenue $141.7 million . Envestnet reports second quarter 2016 financial results . Q2 loss per share $0.19 . Q2 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Sees q3 non-gaap eps $0.25 - $0.26 . Sees 2016 adjusted ebitda $98 - $102 million . Q3 earnings per share view $0.27, revenue view $148.4 million -- Thomson Reuters I/B/E/S . Sees fy revenue $575 - $584 million . Fy2016 revenue view $582.2 million -- Thomson Reuters I/B/E/S . Sees Q3 2016 Revenues $ 145.3-$147.8 million . Gaap adjusted revenues $ 145.5 - $148.0 million .Included in q3 and fy adjusted revenue guidance is expected deferred revenue fair value adjustment of approximately $0.2 million and $0.9 million, respectively.  Full Article

VMS, Envestnet and United Retirement announces strategic partnership
Monday, 18 Apr 2016 04:18pm EDT 

Envestnet:Says Vertical Management Systems, Envestnet | Retirement Solutions and United Retirement Plan Consultants (URPC), announced an strategic partnership.Strategic partnership designed to help financial advisors, retirement plan sponsors and participants navigate new Department of Labor (DOL) conflict-of-interest regulations, and streamline their fiduciary, recordkeeping and compliance services on one scalable platform.Envestnet | Retirement Solutions is a unit of Envestnet, Inc.  Full Article

Envestnet to acquire Yodlee for about $660 million
Monday, 10 Aug 2015 04:15pm EDT 

Envestnet Inc:To acquire Yodlee.Deal for $18.88 per share.Deal for about $660 million.Says transaction reflects an enterprise value of approximately $590 million.Says deal price consists of $10.78 per share in cash and $8.10 per share in Envestnet stock.Says definitive agreement under which Envestnet will acquire all of the shares of Yodlee in a cash and stock transaction.Says Envestnet and Yodlee will continue to operate separately until the transaction closes.Deal expected to be funded with available balance sheet cash, Envestnet stock, and up to $200 million in committed debt financing.Transaction is expected to be accretive to envestnet's adjusted EBITDA per share in 2016 and beyond and adjusted EPS in 2017 and beyond.Combination is expected to add at least 100 basis points to envestnet's revenue growth rate and adjusted EBITDA growth rate in 2016.Says funds affiliated with Warburg Pincus have entered into voting agreement pursuant to which it has committed to support deal.  Full Article

Envestnet Inc acquires Finance Logix
Wednesday, 6 May 2015 04:21pm EDT 

Envestnet Inc:Acquires Finance Logix, a technology company that provides financial planning and wealth management software solutions to banks, broker-dealers and RIA firms.Acquired Finance Logix for up-front consideration consisting of cash, 123,410 shares of Envestnet common stock and options to acquire 123,410 shares of Envestnet common stock at $52.67 per share, expiring on May 6, 2025.  Full Article

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BRIEF-Envestnet files for non-timely 10-K

* Envestnet- Not completed assessment of effectiveness of internal control over financial reporting due to control deficiencies identified by management