Enviri (NYSE:NVRI) Reports Quarterly Earnings Results

Enviri (NYSE:NVRI) released its quarterly earnings report on Thursday. The company reported a loss of ($0.01) earnings per share (EPS) for the quarter, falling short of analysts' expectations, which had estimated a profit of $0.06. According to Briefing.com, this performance represents a miss of $0.07.

Enviri also disclosed a negative return on equity of 0.31% and a net margin of -4.27%. The company's revenue for the quarter totaled $573.60 million, which was below the forecasted revenue of $613.63 million. Comparatively, during the same period last year, Enviri had posted an EPS of $0.05, and this year's revenue is a decrease of 3.9% year-over-year.

Enviri Stock Performance

Following the earnings report, Enviri's stock dropped by 5.1% during midday trading on Friday, falling $0.39 to a price of $7.27. A total of 1,098,240 shares were traded, which surpasses the average volume of 449,815 shares. Enviri's stock has experienced a significant range over the past year, with a 52-week low of $5.64 and a high of $12.79. Current financial ratios for Enviri include a quick ratio of 1.00, a current ratio of 1.32, and a debt-to-equity ratio of 2.68. The company's 50-day moving average stands at $10.42, while the 200-day moving average is $9.60. Overall, the stock holds a market capitalization of $582.40 million and a price-to-earnings ratio of -6.28, accompanied by a beta of 2.19.

Analyst Ratings Updates

In terms of analyst ratings, BMO Capital Markets revised their price target for Enviri from $13.00 to $10.00, while maintaining a 'market perform' rating for the company as reported on Friday.

Company Overview

Enviri Corporation specializes in providing environmental solutions for industrial and specialty waste streams within the United States and other regions worldwide. The company is structured into two key segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment delivers on-site services under long-term agreements, contributing to material logistics, product quality enhancement, and resource recovery for iron, steel, and metals manufacturing. Furthermore, this segment manufactures and sells industrial abrasives, roofing granules, aluminum dross, and systems for scrap processing. Additionally, the company offers meltshop and furnace services, which include under-vessel cleaning, ladle slag removal, and general melt shop debris cleaning.

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