Enviri (NYSE:NVRI) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Enviri (NYSE:NVRI) released its earnings results on Thursday. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06, Briefing.com reports. The company had revenue of $600.00 million during the quarter, compared to the consensus estimate of $509.77 million. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. Enviri’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.11) EPS. Enviri updated its Q2 guidance to ($0.05) to $0.03 EPS.

Enviri Price Performance

NYSE:NVRI traded up $0.29 during mid-day trading on Friday, reaching $7.35. The stock had a trading volume of 532,524 shares, compared to its average volume of 330,416. The firm has a 50 day moving average price of $8.25 and a two-hundred day moving average price of $7.78. Enviri has a one year low of $5.64 and a one year high of $10.01. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.13 and a current ratio of 1.36.

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.