Enviri (NYSE:NVRI) Releases Q4 Earnings Guidance

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

Enviri Price Performance

Shares of NYSE:NVRI traded down $0.39 during midday trading on Friday, hitting $7.27. The company’s stock had a trading volume of 1,248,843 shares, compared to its average volume of 449,815. The company has a market cap of $582.40 million, a P/E ratio of -6.01 and a beta of 2.19. Enviri has a 12-month low of $5.64 and a 12-month high of $12.79. The business’s 50 day simple moving average is $10.33 and its 200 day simple moving average is $9.59. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.00 and a current ratio of 1.32.

Enviri (NYSE:NVRI) last issued its earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share 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 analyst estimates of $613.63 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis.

Analyst Upgrades and Downgrades

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

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.