Enviri (NYSE:NVRI) Reports Quarterly Earnings Results

Enviri (NYSE:NVRI) announced its quarterly earnings results on Thursday. The company posted an earnings per share (EPS) of ($0.01) for the quarter, falling short of analysts' expectations, which anticipated a EPS of $0.06 by a margin of ($0.07). In terms of revenue, Enviri generated $573.60 million, but this was below the forecast of $613.63 million set by analysts. The firm recorded a negative return on equity of 0.31% and a negative net margin of 4.27%. Additionally, the revenue represented a 3.9% decrease compared to the same quarter last year when the company had reported an EPS of $0.05.

Enviri Stock Performance

Following the earnings announcement, Enviri’s stock experienced a decline of 5.1%. On Friday, its stock traded down by $0.39, bringing the share price to $7.27. A total of 1,098,240 shares changed hands during midday trading, compared to the average trading volume of 449,815 shares. Over the past year, the stock hit a low of $5.64 and reached a high of $12.79. Currently, the company’s quick ratio is 1.00, the current ratio is 1.32, and the debt-to-equity ratio stands at 2.68. The 50-day moving average price is $10.42, while the 200-day moving average price is $9.60. With a market capitalization of approximately $582.40 million, the company has a price-to-earnings ratio of -6.28 and a beta of 2.19.

Analyst Ratings Adjustment

In a separate report, BMO Capital Markets reduced their price target for Enviri from $13.00 to $10.00 and has designated the company with a “market perform” rating.

Overview of Enviri

Enviri Corporation specializes in providing environmental solutions for industrial and specialty waste throughout the United States and internationally. The company is divided into two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers various on-site services under long-term agreements which include material logistics, product quality improvements, and resource recovery for the iron, steel, and metal manufacturing industries. Additionally, it manufactures and sells industrial abrasives, roofing granules, aluminum dross, scrap processing systems, and provides various melt shop and furnace services.

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