Enviri Corporation (NVRI) To Go Ex-Dividend on June 1st

Enviri Corporation (NYSE:NVRI – Get Free Report) announced a dividend on Friday, January 1st. Investors of record on Friday, January 1st will be paid a dividend of 15.00 per share on Monday, June 1st. The ex-dividend date of this dividend is Monday, June 1st.

Enviri Trading Down 2.2%

Shares of NVRI opened at $20.75 on Friday. The company’s fifty day moving average is $19.40 and its 200 day moving average is $18.43. Enviri has a fifty-two week low of $7.70 and a fifty-two week high of $21.42. The stock has a market capitalization of $1.72 billion, a PE ratio of -9.97 and a beta of 1.59. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.86 and a current ratio of 1.13.

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Enviri (NYSE:NVRI – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.36. Enviri had a negative net margin of 7.50% and a negative return on equity of 8.59%. The company had revenue of $549.80 million for the quarter, compared to analysts’ expectations of $465.37 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. Enviri’s quarterly revenue was up .3% on a year-over-year basis. Sell-side analysts expect that Enviri will post -0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Enviri by 121.9% during the third quarter. JPMorgan Chase & Co. now owns 162,450 shares of the company’s stock valued at $2,061,000 after acquiring an additional 89,227 shares during the last quarter. AlphaQuest LLC raised its stake in shares of Enviri by 1,077.5% during the third quarter. AlphaQuest LLC now owns 102,243 shares of the company’s stock valued at $1,297,000 after acquiring an additional 93,560 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Enviri in the fourth quarter valued at approximately $11,514,000. Pertento Partners LLP purchased a new stake in shares of Enviri in the third quarter valued at approximately $43,542,000. Finally, Credit Industriel ET Commercial bought a new position in Enviri in the fourth quarter worth approximately $2,330,000. Institutional investors own 93.43% of the company’s stock.

About Enviri

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Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.

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