Enviri (NYSE:NVRI) Updates FY 2024 Earnings Guidance

Enviri (NYSE:NVRI) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of -0.160–0.060 for the period, compared to the consensus EPS estimate of 0.030. The company issued revenue guidance of -. Enviri also updated its FY24 guidance to ($0.06)-($0.16) EPS.

Analysts Set New Price Targets

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

Enviri Trading Down 5.1 %

Shares of Enviri stock traded down $0.39 during trading on Friday, reaching $7.27. 1,248,843 shares of the stock were exchanged, compared to its average volume of 289,650. Enviri has a 1 year low of $5.64 and a 1 year high of $12.79. The firm has a market cap of $582.41 million, a price-to-earnings ratio of -5.91 and a beta of 2.22. The company has a quick ratio of 1.00, a current ratio of 1.30 and a debt-to-equity ratio of 2.72. The stock’s fifty day moving average is $10.33 and its 200 day moving average is $9.60.

Enviri (NYSE:NVRI) last released its quarterly earnings data on Thursday, October 31st. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.07). Enviri had a negative return on equity of 1.25% and a negative net margin of 4.28%. The business had revenue of $573.60 million during the quarter, compared to analysts’ expectations of $613.63 million. During the same quarter last year, the business posted $0.05 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year.

About Enviri

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.