Enviri (NYSE:NVRI) Updates FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of -0.090-0.120 for the period, compared to the consensus earnings per share estimate of -0.090. The company issued revenue guidance of -. Enviri also updated its Q2 2024 guidance to -0.050-0.030 EPS.

Enviri Stock Up 4.5 %

Shares of NYSE:NVRI traded up $0.33 during midday trading on Monday, reaching $7.68. The company’s stock had a trading volume of 647,491 shares, compared to its average volume of 408,813. The firm has a 50 day moving average of $8.25 and a 200-day moving average of $7.81. The firm has a market capitalization of $613.13 million, a P/E ratio of -6.51 and a beta of 2.10. 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 12-month low of $5.64 and a 12-month high of $10.01.

Enviri (NYSE:NVRI) last released its earnings results on Thursday, May 2nd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.06. The firm had revenue of $600.00 million for the quarter, compared to the consensus estimate of $509.77 million. Enviri had a negative net margin of 4.35% and a negative return on equity of 0.99%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) EPS. On average, research analysts anticipate that Enviri will post 0.01 earnings per share for the current year.

Insider Activity at Enviri

In other news, CEO F Nicholas Grasberger III acquired 25,000 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were 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 owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.70% of the stock is currently owned by 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.