Enviri (NYSE:NVRI) Updates Q4 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -0.140–0.030 for the period, compared to the consensus earnings per share estimate of -0.030. The company issued revenue guidance of -. Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.

Analyst Ratings Changes

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

Enviri Price Performance

Enviri stock traded down $0.39 during mid-day trading on Friday, reaching $7.27. 1,248,843 shares of the company’s stock traded hands, compared to its average volume of 289,650. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. Enviri has a 12-month low of $5.64 and a 12-month high of $12.79. The stock has a 50 day moving average of $10.33 and a two-hundred day moving average of $9.60. The company has a market cap of $582.41 million, a price-to-earnings ratio of -5.91 and a beta of 2.22.

Enviri (NYSE:NVRI) last issued 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). The company had revenue of $573.60 million during the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.05 earnings per share.

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.