Enviri (NYSE:NVRI - Get Free Report) released its earnings results on Thursday. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.05, Zacks reports. The firm had revenue of $558.71 million for the quarter, compared to analyst estimates of $578.98 million. Enviri had a negative return on equity of 0.90% and a negative net margin of 5.46%. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. Enviri updated its FY 2025 guidance to -0.250--0.010 EPS and its Q1 2025 guidance to -0.180--0.110 EPS.
Enviri Trading Down 6.4 %
Enviri stock traded down $0.47 during mid-day trading on Monday, hitting $6.79. 1,439,257 shares of the company's stock were exchanged, compared to its average volume of 838,830. The company's 50 day simple moving average is $8.53 and its 200-day simple moving average is $9.13. The company has a quick ratio of 0.99, a current ratio of 1.25 and a debt-to-equity ratio of 3.14. The firm has a market capitalization of $543.75 million, a P/E ratio of -4.27 and a beta of 2.14. Enviri has a fifty-two week low of $6.57 and a fifty-two week high of $12.79.
Wall Street Analysts Forecast Growth
Separately, BMO Capital Markets reduced their price objective 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, November 1st.
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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 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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