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

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

Enviri Trading Down 0.4%

Shares of NYSE:NVRI opened at $21.98 on Tuesday. The business’s 50-day simple moving average is $21.89 and its 200 day simple moving average is $20.07. Enviri has a one year low of $8.57 and a one year high of $24.20.

Enviri Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, June 1st. Investors of record on Friday, January 1st were issued a dividend of $15.00 per share. The ex-dividend date was Monday, June 1st.

Analyst Ratings Changes

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

Insider Buying and Selling at Enviri

In other Enviri news, CFO Peter Francis Minan acquired 8,333 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the acquisition, the chief financial officer directly owned 16,434 shares in the company, valued at $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 is accessible through the SEC website.

Institutional Trading of Enviri

Hedge funds have recently added to or reduced their stakes in the business. Beartown Capital Management LLC purchased a new position in shares of Enviri in the fourth quarter worth approximately $7,570,000. XTX Topco Ltd acquired a new position in shares of Enviri in the fourth quarter valued at $1,426,000. VARCOV Co. bought a new position in Enviri during the fourth quarter worth about $440,000. SummitTX Capital L.P. acquired a new stake in Enviri in the 4th quarter valued at $1,434,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Enviri in the 4th quarter worth about $224,000. Institutional investors own 93.43% of the company’s stock.

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.