Enviri (NYSE:NVRI) Updates Q2 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of -0.050-0.030 for the period, compared to the consensus earnings per share estimate of 0.010. The company issued revenue guidance of -. Enviri also updated its FY 2024 guidance to -0.090-0.120 EPS.

Enviri Stock Performance

Shares of NVRI traded up $0.33 during midday trading on Monday, reaching $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 PE ratio of -6.51 and a beta of 2.10. The firm has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $7.81. Enviri has a one year low of $5.64 and a one year high of $10.01. The company has a current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Enviri (NYSE:NVRI) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The business had revenue of $600.00 million during 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 quarter last year, the company posted ($0.11) earnings per share. As a group, sell-side analysts anticipate that Enviri will post 0.01 EPS for the current year.

Insider Activity at Enviri

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 stock was bought at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the purchase, the chief executive officer now owns 837,901 shares in the company, valued at approximately $6,359,668.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company 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.