Enviri (NYSE:NVRI) Updates Q1 2024 Earnings Guidance

Enviri (NYSE:NVRIGet Free Report) issued an update on its first quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of -0.130–0.050 for the period, compared to the consensus EPS estimate of 0.010. The company issued revenue guidance of -. Enviri also updated its FY 2024 guidance to -0.250-0.000 EPS.

Enviri Trading Up 5.1 %

Shares of NYSE NVRI traded up $0.40 during midday trading on Friday, reaching $8.26. 435,366 shares of the company’s stock traded hands, compared to its average volume of 363,973. The company has a debt-to-equity ratio of 2.44, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s 50 day simple moving average is $8.51 and its 200-day simple moving average is $7.47. Enviri has a one year low of $5.64 and a one year high of $10.01.

Enviri (NYSE:NVRIGet Free Report) last announced its earnings results on Thursday, February 29th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.01. The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $493.30 million. Enviri had a negative net margin of 4.16% and a negative return on equity of 1.99%. Enviri’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. On average, research analysts predict that Enviri will post -0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Enviri

Large investors have recently made changes to their positions in the stock. KBC Group NV acquired a new position in Enviri during the fourth quarter valued at $33,000. PNC Financial Services Group Inc. acquired a new position in Enviri during the fourth quarter valued at $65,000. Envestnet Asset Management Inc. acquired a new position in Enviri during the fourth quarter valued at $93,000. US Bancorp DE acquired a new position in Enviri during the fourth quarter valued at $106,000. Finally, Verition Fund Management LLC acquired a new position in shares of Enviri in the fourth quarter worth about $110,000. 91.86% of the stock is owned by hedge funds and other institutional investors.

About Enviri

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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 Harsco 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 produces value-added downstream products from industrial waste-stream.

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