Enviri (NYSE:NVRI) Shares Gap Down on Disappointing Earnings

Enviri Corporation (NYSE:NVRI) shares gapped down prior to trading on Monday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $12.19, but opened at $11.73. Enviri shares last traded at $12.1090, with a volume of 499,378 shares.

The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS. Q4 2025 guidance at -0.260–0.130 EPS.

Analysts Set New Price Targets

Several brokerages have commented on NVRI. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Enviri from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of Enviri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in Enviri by 231.7% in the 2nd quarter. CWM LLC now owns 4,893 shares of the company’s stock valued at $42,000 after acquiring an additional 3,418 shares during the last quarter. Brooklyn Investment Group boosted its stake in Enviri by 11,332.3% during the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company’s stock valued at $49,000 after buying an additional 7,366 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Enviri by 43.8% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after acquiring an additional 2,322 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Enviri during the 1st quarter worth approximately $70,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Enviri in the first quarter valued at $74,000. Institutional investors own 93.43% of the company’s stock.

Enviri Price Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The firm’s 50-day moving average is $12.21 and its two-hundred day moving average is $9.89. The company has a market cap of $1.00 billion, a P/E ratio of -6.33 and a beta of 1.92.

About Enviri

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.