Envela (NYSEAMERICAN:ELA) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Envela (NYSEAMERICAN:ELA) announced its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.03, Zacks reports. The company had revenue of $46.90 million for the quarter, compared to analysts’ expectations of $39.85 million. Envela had a return on equity of 13.27% and a net margin of 4.10%.

Envela Price Performance

Envela stock opened at $5.90 on Thursday. The company has a quick ratio of 2.72, a current ratio of 5.88 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $153.81 million, a PE ratio of 24.58 and a beta of 0.25. Envela has a 1-year low of $3.02 and a 1-year high of $5.90.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital increased their target price on Envela from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday.

About Envela

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.