Enviri (NYSE:NVRI) Releases Earnings Results, Misses Estimates By $0.32 EPS

Enviri (NYSE:NVRIGet Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.32), FiscalAI reports. The business had revenue of $324.00 million during the quarter, compared to analyst estimates of $370.97 million. During the same quarter in the prior year, the firm posted $0.22 EPS. The business’s quarterly revenue was down 66.7% on a year-over-year basis.

Enviri Stock Performance

NVRI opened at $21.98 on Tuesday. The business has a fifty day moving average of $21.89 and a 200 day moving average of $20.07. Enviri has a 52-week low of $8.57 and a 52-week high of $24.20.

Enviri Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were paid a $15.00 dividend. The ex-dividend date of this dividend was Monday, June 1st.

Insider Buying and Selling

In other Enviri news, CFO Peter Francis Minan bought 8,333 shares of the business’s stock in a transaction on Friday, June 5th. The shares were acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the transaction, the chief financial officer owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This trade represents a 102.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hedge Funds Weigh In On Enviri

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of Enviri in the 3rd quarter valued at $27,000. BNP Paribas Financial Markets grew its position in Enviri by 43.8% in the second 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 period. Baird Financial Group Inc. acquired a new stake in Enviri during the first quarter worth $93,000. Envestnet Asset Management Inc. increased its stake in Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock worth $110,000 after acquiring an additional 1,554 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Enviri by 88.1% in the second quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock valued at $114,000 after purchasing an additional 6,144 shares during the period. 93.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on NVRI. Wall Street Zen raised shares of Enviri to a “hold” rating in a research report on Saturday, June 13th. BMO Capital Markets boosted their price target on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Enviri currently has a consensus rating of “Hold” and an average price target of $22.25.

Check Out Our Latest Stock Report on Enviri

Enviri Company Profile

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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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Earnings History for Enviri (NYSE:NVRI)

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