Enviri (NYSE:NVRI) Releases Q4 Earnings Guidance

Enviri (NYSE:NVRI) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.03)-($0.14) for the period, compared to the consensus estimate of ($0.03). Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered their price objective on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research report on Friday.

Enviri Stock Down 5.1 %

NVRI traded down $0.39 on Friday, reaching $7.27. The company’s stock had a trading volume of 1,248,843 shares, compared to its average volume of 449,815. The stock has a 50 day moving average of $10.33 and a two-hundred day moving average of $9.59. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $582.40 million, a price-to-earnings ratio of -6.01 and a beta of 2.19. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The business had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year.

About Enviri

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.