Enviri (NYSE:NVRI) Updates FY24 Earnings Guidance

by · The Cerbat Gem

Enviri (NYSE:NVRI – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.06)-($0.16) for the period, compared to the consensus earnings per share estimate of $0.03. Enviri also updated its FY 2024 guidance to -0.160–0.060 EPS.

Enviri Trading Down 1.0 %

Shares of NYSE NVRI opened at $10.04 on Thursday. Enviri has a 12 month low of $5.64 and a 12 month high of $12.79. The company has a market cap of $804.32 million, a price-to-earnings ratio of -8.30 and a beta of 2.19. The company has a quick ratio of 1.00, a current ratio of 1.32 and a debt-to-equity ratio of 2.68. The business has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $9.61.

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

About Enviri

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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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