Enviri (NYSE:NVRI) Issues FY 2024 Earnings Guidance

Enviri (NYSE:NVRIGet Free Report) 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.

Enviri Trading Down 18.9 %

Shares of Enviri stock traded down $1.90 during trading hours on Thursday, reaching $8.14. 316,104 shares of the company’s stock were exchanged, compared to its average volume of 442,695. Enviri has a 52-week low of $5.64 and a 52-week high of $12.79. The firm has a market capitalization of $652.11 million, a price-to-earnings ratio of -8.30 and a beta of 2.19. The company has a current ratio of 1.32, a quick ratio of 1.00 and a debt-to-equity ratio of 2.68. The company has a fifty day moving average of $10.49 and a 200-day moving average of $9.61.

Enviri (NYSE:NVRIGet Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.03. The company had revenue of $610.00 million during the quarter, compared to the consensus estimate of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. The company’s revenue was up 17.3% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. Sell-side analysts forecast that Enviri will post -0.02 EPS for the current fiscal year.

Enviri Company Profile

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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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