Enviri (NYSE:NVRI) Issues FY24 Earnings Guidance

Enviri (NYSE:NVRI) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of ($0.06)-($0.16) for the period, compared to the consensus EPS estimate of $0.03. Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.

Enviri Trading Down 5.1 %

NYSE NVRI opened at $7.27 on Friday. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.00 and a current ratio of 1.30. The firm has a market cap of $582.41 million, a PE ratio of -5.91 and a beta of 2.22. Enviri has a one year low of $5.64 and a one year high of $12.79. The firm’s fifty day moving average is $10.33 and its two-hundred day moving average is $9.60.

Enviri (NYSE:NVRI) last posted its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.07). The business had revenue of $573.60 million during the quarter, compared to analyst estimates of $613.63 million. Enviri had a negative net margin of 4.28% and a negative return on equity of 1.25%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share.

Analysts Set New Price Targets

Separately, BMO Capital Markets dropped their price target on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating on the stock 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.