Enviri Corporation (NYSE:NVRI) Announces $15.00 Dividend

Enviri Corporation (NYSE:NVRI) announced a dividend on Friday, January 1st. Shareholders of record on Friday, January 1st will be paid a dividend of 15.00 per share on Monday, June 1st. The ex-dividend date of this dividend is Monday, June 1st.

Enviri Stock Performance

Shares of NVRI stock opened at $20.75 on Friday. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13. The company has a market capitalization of $1.72 billion, a P/E ratio of -9.97 and a beta of 1.59. The company’s 50 day moving average price is $19.40 and its two-hundred day moving average price is $18.43. Enviri has a 52 week low of $7.70 and a 52 week high of $21.42.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company had revenue of $549.80 million for the quarter, compared to the consensus estimate of $465.37 million. During the same period last year, the company earned ($0.18) earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that Enviri will post -0.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enviri

Several hedge funds and other institutional investors have recently made changes to their positions in NVRI. Advisory Services Network LLC bought a new position in shares of Enviri in the third quarter valued at $27,000. KBC Group NV bought a new position in shares of Enviri in the first quarter valued at $31,000. Rockefeller Capital Management L.P. grew its stake in shares of Enviri by 204.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares in the last quarter. Torren Management LLC bought a new position in shares of Enviri in the fourth quarter valued at $37,000. Finally, BNP Paribas Financial Markets boosted its position in Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after purchasing an additional 2,322 shares during the period. 93.43% of the stock is owned by institutional investors.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.