Enviri (NYSE:NVRI) Posts Earnings Results, Beats Estimates By $0.03 EPS

Enviri (NYSE:NVRI) announced its quarterly earnings results on Thursday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Briefing.com reports. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The firm had revenue of $610.00 million during the quarter, compared to the consensus estimate of $616.85 million. During the same quarter last year, the firm earned $0.01 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year.

Enviri Trading Down 7.2 %

Shares of NYSE:NVRI traded down $0.89 during trading on Friday, reaching $11.54. The company’s stock had a trading volume of 904,067 shares, compared to its average volume of 788,437. The company has a current ratio of 1.32, a quick ratio of 1.03 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. The firm’s 50 day simple moving average is $9.27 and its two-hundred day simple moving average is $8.63. The stock has a market capitalization of $924.35 million, a PE ratio of -9.78 and a beta of 2.23.

Insider Activity at Enviri

In other Enviri news, CEO F Nicholas Grasberger III purchased 25,000 shares of the stock in a transaction that occurred 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 owns 837,901 shares in the company, valued at $6,359,668.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.70% of the stock is owned by insiders.

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.