Enviri (NYSE:NVRI) Releases Q2 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of ($0.05) to $0.03 for the period, compared to the consensus estimate of $0.00.

Enviri Stock Performance

NVRI traded up $0.29 during midday trading on Friday, reaching $7.35. The company had a trading volume of 532,524 shares, compared to its average volume of 330,416. Enviri has a 1 year low of $5.64 and a 1 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. The business has a 50-day moving average of $8.25 and a two-hundred day moving average of $7.79.

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

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.