Enviri Co. (NYSE:NVRI – Get Free Report)’s stock price rose 7.7% during trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $12.79 and last traded at $12.73. Approximately 230,537 shares changed hands during trading, a decline of 51% from the average daily volume of 467,061 shares. The stock had previously closed at $11.82.
The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $610.00 million for the quarter, compared to analyst estimates of $616.85 million. Enviri had a negative net margin of 4.27% and a negative return on equity of 0.31%. The company’s quarterly revenue was up 17.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share.
Insider Buying and Selling
In other news, CEO F Nicholas Grasberger III bought 25,000 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were purchased at an average price of $7.59 per share, for a total transaction of $189,750.00. Following the completion of the transaction, the chief executive officer now owns 837,901 shares in the company, valued at $6,359,668.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is owned by company insiders.
Institutional Trading of Enviri
Enviri Stock Performance
The company has a quick ratio of 1.03, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The company has a market cap of $924.35 million, a PE ratio of -9.78 and a beta of 2.23. The stock’s 50 day simple moving average is $9.27 and its two-hundred day simple moving average is $8.63.
Enviri Company Profile
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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