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

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

Enviri Stock Performance

NYSE:NVRI traded up $0.29 during mid-day trading on Friday, hitting $7.35. 532,524 shares of the stock were exchanged, compared to its average volume of 330,416. The company has a debt-to-equity ratio of 2.65, a quick ratio of 1.13 and a current ratio of 1.36. The firm’s 50-day simple moving average is $8.25 and its 200 day simple moving average is $7.78. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The stock has a market capitalization of $586.75 million, a price-to-earnings ratio of -6.23 and a beta of 2.10.

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.