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Envestnet Inc (ENV.N)

ENV.N on New York Stock Exchange

50.05USD
14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Envestnet reports Q3 loss per share $0.03
Wednesday, 8 Nov 2017 04:05pm EST 

Nov 8 (Reuters) - Envestnet Inc ::Envestnet reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.37.Q3 loss per share $0.03.Q3 revenue $175.6 million versus I/B/E/S view $171.6 million.Q3 earnings per share view $0.35 -- Thomson Reuters I/B/E/S.Envestnet Inc - sees Q4 revenues in range of $178 million to $180 mln‍​.Envestnet Inc - sees Q4 adjusted net income per diluted share $0.39‍​.  Full Article

Envestnet to acquire FolioDynamix
Monday, 25 Sep 2017 04:05pm EDT 

Sept 25 (Reuters) - Envestnet Inc :Envestnet to acquire FolioDynamix.Envestnet to acquire foliodynamix.Envestnet Inc - ‍envestnet will acquire FolioDynamix in a cash transaction for $195 million​.Envestnet Inc - ‍consolidating transaction is immediately accretive to adjusted EBITDA and adjusted net income per share​.Envestnet Inc - as part of transaction, envestnet expects to acquire tax benefits valued at approximately $10 million.Envestnet Inc - transaction will be funded by a combination of cash on Envestnet's balance sheet and borrowings under its revolving credit facility.Envestnet Inc - expects to achieve about $20 million from deal in identified cost synergies, within 36 months of closing.  Full Article

Envestnet Q2 adjusted earnings per share $0.29
Tuesday, 8 Aug 2017 04:05pm EDT 

Aug 8 (Reuters) - Envestnet Inc :Envestnet reports second quarter 2017 financial results.Q2 adjusted earnings per share $0.29.Q2 loss per share $0.15.Q2 revenue $167.4 million versus I/B/E/S view $164.1 million.Q2 earnings per share view $0.27 -- Thomson Reuters I/B/E/S.Envestnet Inc sees Q3 revenues $170.0 million to $172.0 million.Envestnet Inc sees Q3 adjusted net income per diluted share $0.35.Envestnet Inc sees FY revenue $667 million to $673 million.Q3 earnings per share view $0.34, revenue view $167.8 million -- Thomson Reuters I/B/E/S.FY2017 revenue view $663.3 million -- Thomson Reuters I/B/E/S.  Full Article

Envestnet Inc says units entered into second amended and restated credit agreement - SEC filing
Monday, 24 Jul 2017 04:13pm EDT 

July 24 (Reuters) - Envestnet Inc :Envestnet Inc - on July 18 units entered into a second amended and restated credit agreement - SEC filing.Envestnet Inc - banks agreed to provide to Envestnet revolving credit commitments in amount of up to $350 million which amount may be increased by $50 million.Envestnet Inc - second amended and restated credit agreement also includes a $5 million subfacility for issuance of letters of credit.  Full Article

Envestnet reports Q1 revenue $157.8 million
Wednesday, 10 May 2017 04:05pm EDT 

May 10 (Reuters) - Envestnet Inc :Envestnet reports first quarter 2017 financial results.Q1 adjusted earnings per share $0.25.Q1 loss per share $0.30.Q1 revenue $157.8 million versus I/B/E/S view $155.6 million.Q1 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Sees Q2 2017 revenues of $162.8 million to $164.8 million.Sees Q2 2017 adjusted net income per diluted share $0.27.Sees Q2 2017 adjusted revenues of $163 million to $165 million.Sees FY 2017 adjusted revenues of $665 million to $664 million.FY2017 earnings per share view $1.27, revenue view $658.9 million -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.31, revenue view $162.1 million -- Thomson Reuters I/B/E/S.  Full Article

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

BRIEF-Envestnet reports Q3 loss per share $0.03

* Q3 revenue $175.6 million versus I/B/E/S view $171.6 million