Enviri (NYSE:NVRI) Updates Q4 Earnings Guidance

by · The Markets Daily

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

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research note on Friday.

View Our Latest Report on Enviri

Enviri Price Performance

NVRI traded down $0.39 on Friday, hitting $7.27. 1,248,843 shares of the company’s stock were exchanged, compared to its average volume of 449,815. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The firm has a 50-day moving average price of $10.33 and a 200-day moving average price of $9.59. The stock has a market cap of $582.40 million, a price-to-earnings ratio of -6.01 and a beta of 2.19.

Enviri (NYSE:NVRI – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The company had revenue of $573.60 million for the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm’s 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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