Enviri (NYSE:NVRI) Releases Q2 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its second quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of -0.050-0.030 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of -. Enviri also updated its FY 2024 guidance to -0.090-0.120 EPS.

Enviri Stock Up 4.5 %

NYSE NVRI traded up $0.33 on Monday, hitting $7.68. 647,491 shares of the stock were exchanged, compared to its average volume of 408,813. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The company has a 50-day moving average price of $8.25 and a 200-day moving average price of $7.81. The company has a market cap of $613.13 million, a PE ratio of -6.51 and a beta of 2.10. The company has a quick ratio of 1.03, a current ratio of 1.36 and a debt-to-equity ratio of 2.65.

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

Insider Activity at Enviri

In related news, CEO F Nicholas Grasberger III bought 25,000 shares of the stock in a transaction dated Monday, May 6th. The stock was acquired at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares in the company, valued at approximately $6,359,668.59. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.70% of the stock is currently owned by corporate insiders.

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.