Enviri (NYSE:NVRI) Issues Q4 2024 Earnings Guidance

by · The Cerbat Gem

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

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Enviri

Enviri Trading Down 5.1 %

Enviri stock traded down $0.39 during midday trading on Friday, hitting $7.27. 1,248,843 shares of the stock were exchanged, compared to its average volume of 289,650. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $582.41 million, a price-to-earnings ratio of -5.91 and a beta of 2.22. The stock’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $9.60. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79.

Enviri (NYSE:NVRI – Get Free Report) 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 return on equity of 1.25% and a negative net margin of 4.28%. The firm had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same quarter in the prior year, the business earned $0.05 EPS. The firm’s quarterly revenue was down 3.9% on a year-over-year basis.

Enviri Company Profile

(Get Free Report)

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.

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