Enviri (NYSE:NVRI) Releases Quarterly Earnings Results

Enviri (NYSE:NVRI) released its quarterly earnings report on Thursday, revealing a performance that fell short of analysts' expectations. The company reported an earnings per share (EPS) of ($0.01) for the quarter, missing the consensus estimate of $0.06 by a margin of ($0.07). This disappointing performance is highlighted by a negative return on equity of 0.31% along with a negative net margin of 4.27%.

Revenue for the quarter totaled $573.60 million, falling short of analysts' predictions which had anticipated earnings of $613.63 million. Furthermore, comparing this quarter's revenue to the same period last year, there was a decline of 3.9%. Last year, Enviri posted a profit of $0.05 EPS during the same quarter.

Stock Performance

In light of the earnings announcement, Enviri stock saw a decline of 5.1% during midday trading on Friday, dropping to $7.27 per share. A total of 1,098,240 shares changed hands, which is significantly higher than the average trading volume of 449,815 shares. Over the past year, Enviri's stock has reached a low of $5.64 and a high of $12.79. The company’s financial ratios include a quick ratio of 1.00, a current ratio of 1.32, and a debt-to-equity ratio of 2.68. The stock trades with a market capitalization of $582.40 million, has a price-to-earnings ratio of -6.28, and a beta of 2.19. The price has also been tracking below its 50-day moving average of $10.42 and the 200-day moving average of $9.60.

Analyst Ratings Adjustments

Following the release of the earnings report, BMO Capital Markets adjusted their price target for Enviri, reducing it from $13.00 to $10.00, while maintaining a "market perform" rating for the company in their recent report.

Company Overview

Enviri Corporation specializes in providing environmental solutions for industrial and specialty waste streams, operating both in the United States and internationally. The business consists of two main segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment is known for offering on-site services through long-term contracts in areas such as material logistics, product quality enhancement, and resource recovery aimed primarily at iron, steel, and metals manufacturing. This segment also manufactures and sells industrial abrasives, roofing granules, and provides various meltshop and furnace services.

Enviri, Earnings, Stock