Enviri (NYSE:NVRI) Releases Earnings Results, Misses Expectations By $0.07 EPS

Enviri (NYSE:NVRI) announced its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07), Briefing.com reports. The company had revenue of $573.60 million during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.

Enviri Stock Performance

Shares of NVRI stock traded down $0.39 during mid-day trading on Friday, reaching $7.27. The stock had a trading volume of 1,098,240 shares, compared to its average volume of 449,815. Enviri has a 1-year low of $5.64 and a 1-year high of $12.79. The firm has a market cap of $582.40 million, a price-to-earnings ratio of -6.28 and a beta of 2.19. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The business’s fifty day moving average is $10.42 and its 200-day moving average is $9.60.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets decreased their price target on shares of 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.