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 EPS guidance of -0.050-0.030 for the period, compared to the consensus EPS 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 %

NYSE NVRI traded up $0.33 on Monday, reaching $7.68. 647,491 shares of the company were exchanged, compared to its average volume of 408,813. Enviri has a fifty-two week low of $5.64 and a fifty-two week high of $10.01. The business’s fifty day moving average price is $8.25 and its 200 day moving average price is $7.81. The stock 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 current ratio of 1.36, a quick ratio of 1.03 and a debt-to-equity ratio of 2.65.

Enviri (NYSE:NVRI) last announced its quarterly earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.06. The business had revenue of $600.00 million for the quarter, compared to analyst estimates of $509.77 million. Enviri had a negative return on equity of 0.99% and a negative net margin of 4.35%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. Analysts forecast 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 purchased at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the acquisition, the chief executive officer now owns 837,901 shares of the company’s stock, valued at $6,359,668.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

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.