Enviri (NYSE:NVRI) Issues 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.

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:NVRI) 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

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.