Enviri (NYSE:NVRI) Updates Q4 Earnings Guidance

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

Enviri Price Performance

NVRI traded down $0.39 during midday trading on Friday, reaching $7.27. 1,248,843 shares of the company’s stock were exchanged, compared to its average volume of 449,815. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The business has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $9.59. The firm has a market capitalization of $582.40 million, a price-to-earnings ratio of -6.01 and a beta of 2.19. Enviri has a one year low of $5.64 and a one year high of $12.79.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The company had revenue of $573.60 million during the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reduced their price target on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock in a research report on Friday.

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.