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 Performance

Shares of NVRI traded up $0.33 during midday trading on Monday, reaching $7.68. The stock had a trading volume of 647,491 shares, compared to its average volume of 408,813. The firm has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $7.81. Enviri has a one year low of $5.64 and a one year high of $10.01. The firm has a market cap of $613.13 million, a PE 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 earnings results on Thursday, May 2nd. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The business had revenue of $600.00 million during 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%. Enviri’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) EPS. As a group, sell-side analysts anticipate that Enviri will post 0.01 EPS for the current year.

Insider Buying and Selling at Enviri

In other Enviri news, CEO F Nicholas Grasberger III acquired 25,000 shares of the business’s stock in a transaction on Monday, May 6th. The stock was purchased at an average price of $7.59 per share, with a total value of $189,750.00. Following the acquisition, the chief executive officer now directly owns 837,901 shares of the company’s stock, valued at approximately $6,359,668.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.