Enviri (NYSE:NVRI) Issues Q2 2024 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of -0.050-0.030 for the period, compared to the consensus estimate of 0.010. The company issued revenue guidance of -. Enviri also updated its FY 2024 guidance to -0.090-0.120 EPS.

Enviri Trading Up 4.5 %

Shares of Enviri stock traded up $0.33 during trading hours on Monday, hitting $7.68. The company’s stock had a trading volume of 647,491 shares, compared to its average volume of 408,813. The business has a fifty day moving average of $8.25 and a 200 day moving average of $7.81. 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 has a 1-year low of $5.64 and a 1-year high of $10.01. The company has a market capitalization of $613.13 million, a PE ratio of -6.51 and a beta of 2.10.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The company had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. During the same period last year, the company posted ($0.11) earnings per share. The firm’s revenue was up 7.0% compared to the same quarter last year. As a group, equities analysts forecast that Enviri will post 0.01 EPS for the current year.

Insider Buying and Selling at Enviri

In other news, CEO F Nicholas Grasberger III acquired 25,000 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was bought at an average cost of $7.59 per share, with a total value of $189,750.00. Following the transaction, the chief executive officer now directly owns 837,901 shares in the company, valued at approximately $6,359,668.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is owned by corporate 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.