Enviri (NYSE:NVRI) Updates FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.090-0.120 for the period, compared to the consensus estimate of -0.090. The company issued revenue guidance of -. Enviri also updated its Q2 2024 guidance to -0.050-0.030 EPS.

Enviri Trading Up 4.5 %

Shares of NYSE NVRI traded up $0.33 during mid-day trading on Monday, hitting $7.68. The stock had a trading volume of 647,491 shares, compared to its average volume of 408,813. The firm has a market cap of $613.13 million, a P/E ratio of -6.51 and a beta of 2.10. Enviri has a 1 year low of $5.64 and a 1 year high of $10.01. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.03 and a current ratio of 1.36. The business has a 50 day moving average price of $8.25 and a two-hundred day moving average price of $7.81.

Enviri (NYSE:NVRI) last posted its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $600.00 million for the quarter, compared to analysts’ expectations of $509.77 million. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. Enviri’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned ($0.11) earnings per share. On average, equities analysts anticipate that Enviri will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO F Nicholas Grasberger III bought 25,000 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average price of $7.59 per share, with a total value of $189,750.00. Following the purchase, the chief executive officer now owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

Enviri Company Profile

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.