Enviri (NYSE:NVRI) Releases Earnings Results, Misses Estimates By $0.07 EPS

by · The Cerbat Gem

Enviri (NYSE:NVRI – Get Free Report) 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. The business had revenue of $573.60 million for the quarter, compared to the consensus estimate of $613.63 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. Enviri’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS.

Enviri Stock Down 5.1 %

Shares of NYSE NVRI traded down $0.39 during trading hours on Friday, hitting $7.27. 1,248,843 shares of the stock were exchanged, compared to its average volume of 449,815. Enviri has a 12 month low of $5.64 and a 12 month high of $12.79. The firm has a fifty day moving average price of $10.33 and a 200-day moving average price of $9.59. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market cap of $582.40 million, a PE ratio of -6.01 and a beta of 2.19.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets decreased their price objective on shares of Enviri from $13.00 to $10.00 and set a “market perform” rating for the company in a report on Friday.

Read Our Latest Stock Analysis on Enviri

About Enviri

(Get Free Report)

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.

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