Enviri (NYSE:NVRI) Announces Quarterly Earnings Results

Enviri (NYSE:NVRI) released its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.07), Briefing.com reports. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was down 3.9% on a year-over-year basis.

Enviri Price Performance

NVRI traded down $0.39 during trading hours on Friday, hitting $7.27. The company’s stock had a trading volume of 1,098,240 shares, compared to its average volume of 449,815. The stock has a market cap of $582.40 million, a price-to-earnings ratio of -6.28 and a beta of 2.19. The business’s 50-day moving average price is $10.42 and its 200-day moving average price is $9.60. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. Enviri has a 12 month low of $5.64 and a 12 month high of $12.79.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped their price target on Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a research note on Friday.

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.