Enviri (NYSE:NVRI) Issues FY24 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of ($0.06)-($0.16) for the period, compared to the consensus EPS estimate of $0.03. Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.

Enviri Price Performance

Shares of NYSE NVRI traded down $0.39 during mid-day trading on Friday, reaching $7.27. 1,248,843 shares of the company traded hands, compared to its average volume of 449,815. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $12.79. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.32 and a quick ratio of 1.00. The firm has a market cap of $582.40 million, a PE ratio of -6.01 and a beta of 2.19. The stock has a fifty day simple moving average of $10.33 and a 200-day simple moving average of $9.59.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company had revenue of $573.60 million for the quarter, compared to analyst estimates of $613.63 million. During the same quarter in the prior year, the business earned $0.05 EPS. Enviri’s revenue was down 3.9% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

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