Enviri (NYSE:NVRI) Announces Earnings Results

Enviri (NYSE:NVRI) announced its earnings results on Thursday. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03, Briefing.com reports. The firm had revenue of $610.00 million for the quarter, compared to analysts’ expectations of $616.85 million. Enviri had a negative return on equity of 0.31% and a negative net margin of 4.27%. Enviri’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS.

Enviri Price Performance

NYSE:NVRI traded down $0.89 during trading hours on Friday, reaching $11.54. 904,067 shares of the company traded hands, compared to its average volume of 788,437. The firm’s 50-day moving average is $9.27 and its 200-day moving average is $8.63. The stock has a market cap of $924.35 million, a P/E ratio of -9.78 and a beta of 2.23. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.32 and a quick ratio of 1.03. Enviri has a 1-year low of $5.64 and a 1-year high of $12.79.

Insider Buying and Selling at Enviri

In related news, CEO F Nicholas Grasberger III bought 25,000 shares of the stock in a transaction 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 acquisition, the chief executive officer now owns 837,901 shares in the company, valued at $6,359,668.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

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.