Enviri (NYSE:NVRI) Updates FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its FY 2024 earnings guidance on Friday. 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 Stock Performance

Shares of Enviri stock traded up $0.33 on Monday, reaching $7.68. 647,491 shares of the stock were exchanged, compared to its average volume of 408,813. The business has a 50 day moving average price of $8.25 and a two-hundred day moving average price of $7.81. The firm has a market capitalization of $613.13 million, a price-to-earnings ratio of -6.51 and a beta of 2.10. Enviri has a twelve month low of $5.64 and a twelve month high of $10.01. 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 quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The company had revenue of $600.00 million during the quarter, compared to analyst estimates of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. Enviri’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.11) EPS. Analysts anticipate that Enviri will post 0.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO F Nicholas Grasberger III purchased 25,000 shares of Enviri stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average cost of $7.59 per share, for a total transaction of $189,750.00. Following the completion of the transaction, the chief executive officer now owns 837,901 shares in the company, valued at $6,359,668.59. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by 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.