Enviri (NYSE:NVRI) Posts Quarterly Earnings Results, Beats Expectations By $0.57 EPS

Enviri (NYSE:NVRI) issued its quarterly earnings data on Tuesday. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.57, Briefing.com reports. Enviri had a negative return on equity of 9.80% and a negative net margin of 7.42%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share.

Enviri Stock Down 0.3%

Shares of NVRI stock opened at $19.11 on Tuesday. Enviri has a 1 year low of $4.72 and a 1 year high of $19.48. The company has a debt-to-equity ratio of 3.71, a quick ratio of 0.90 and a current ratio of 1.20. The business’s fifty day moving average is $18.59 and its 200-day moving average is $15.02. The stock has a market cap of $1.54 billion, a PE ratio of -9.19 and a beta of 1.77.

Insiders Place Their Bets

In related news, SVP Jennifer Ott Kozak sold 9,692 shares of Enviri stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $18.18, for a total transaction of $176,200.56. Following the transaction, the senior vice president directly owned 8,181 shares of the company’s stock, valued at $148,730.58. The trade was a 54.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC purchased a new position in shares of Enviri in the third quarter worth approximately $27,000. BNP Paribas Financial Markets boosted 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 purchasing an additional 2,322 shares during the period. Baird Financial Group Inc. purchased a new position in Enviri during the 1st quarter worth approximately $93,000. Envestnet Asset Management Inc. raised its stake in Enviri by 14.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in Enviri by 88.1% during the 2nd 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 currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NVRI has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Enviri from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research report on Thursday, January 22nd. CJS Securities raised Enviri to a “hold” rating in a report on Thursday, December 11th. Finally, Zacks Research raised Enviri to a “hold” rating in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Enviri presently has a consensus rating of “Reduce”.

Enviri Company Profile

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.