Enviri (NYSE:NVRI) Releases FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.160–0.060 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of -. Enviri also updated its FY24 guidance to ($0.06)-($0.16) EPS.

Enviri Stock Down 5.1 %

Shares of Enviri stock traded down $0.39 during trading hours on Friday, reaching $7.27. 1,248,843 shares of the company’s stock were exchanged, compared to its average volume of 289,650. The stock has a market cap of $582.41 million, a P/E ratio of -5.91 and a beta of 2.22. The company has a 50 day moving average of $10.33 and a two-hundred day moving average of $9.60. The company has a current ratio of 1.30, a quick ratio of 1.00 and a debt-to-equity ratio of 2.72. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79.

Enviri (NYSE:NVRI) last issued its quarterly earnings results on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07). The company had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.

Wall Street Analysts Forecast Growth

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