Enviri (NYSE:NVRI) Shares Gap Down After Earnings Miss

Enviri Corporation (NYSE:NVRI) shares gapped down prior to trading on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $12.19, but opened at $11.73. Enviri shares last traded at $12.1090, with a volume of 499,378 shares.

The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.During the same period in the prior year, the company posted ($0.01) EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS. Q4 2025 guidance at -0.260–0.130 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Enviri from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Enviri currently has an average rating of “Sell”.

Institutional Trading of Enviri

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC lifted its position in shares of Enviri by 231.7% in the 2nd quarter. CWM LLC now owns 4,893 shares of the company’s stock worth $42,000 after purchasing an additional 3,418 shares during the period. Brooklyn Investment Group increased its holdings in Enviri by 11,332.3% in the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company’s stock worth $49,000 after purchasing an additional 7,366 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Enviri by 43.8% in the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock valued at $66,000 after buying an additional 2,322 shares during the period. Covestor Ltd acquired a new stake in shares of Enviri during the 3rd quarter worth approximately $131,000. Finally, Entropy Technologies LP acquired a new position in shares of Enviri during the 1st quarter valued at $70,000. 93.43% of the stock is currently owned by institutional investors and hedge funds.

Enviri Price Performance

The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -6.33 and a beta of 1.92. The business’s fifty day simple moving average is $12.21 and its 200 day simple moving average is $9.89. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88.

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.