Enviri (NYSE:NVRI) Updates FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided EPS guidance of -0.090-0.120 for the period, compared to the consensus EPS estimate of -0.090. The company issued revenue guidance of -. Enviri also updated its Q2 2024 guidance to -0.050-0.030 EPS.

Enviri Trading Up 4.5 %

NVRI traded up $0.33 during trading hours on Monday, reaching $7.68. 647,491 shares of the company’s stock traded hands, compared to its average volume of 408,813. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65. The firm has a 50-day moving average price of $8.25 and a 200 day moving average price of $7.81. Enviri has a 52-week low of $5.64 and a 52-week high of $10.01. The firm has a market capitalization of $613.13 million, a PE ratio of -6.51 and a beta of 2.10.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.06. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The firm had revenue of $600.00 million during the quarter, compared to analyst estimates of $509.77 million. During the same period in the previous year, the firm earned ($0.11) earnings per share. The business’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts predict that Enviri will post 0.01 EPS for the current fiscal year.

Insider Transactions at Enviri

In other news, CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was acquired at an average cost of $7.59 per share, with a total value of $189,750.00. Following the transaction, the chief executive officer now directly owns 837,901 shares in the company, valued at approximately $6,359,668.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.70% of the company’s stock.

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.