Envela (NYSEAMERICAN:ELA) Announces Quarterly Earnings Results

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 business had revenue of $46.90 million during the quarter, compared to the consensus estimate of $39.85 million. Envela had a net margin of 4.10% and a return on equity of 13.27%.

Envela Stock Performance

Shares of Envela stock traded up $0.33 on Thursday, hitting $5.87. 14,261 shares of the company traded hands, compared to its average volume of 30,085. Envela has a 52 week low of $3.02 and a 52 week high of $5.90. The company has a market capitalization of $153.03 million, a PE ratio of 24.58 and a beta of 0.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.72 and a current ratio of 5.88.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their target price on Envela from $6.00 to $7.00 and gave the stock 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.