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

Enviri (NYSE:NVRI) posted its earnings results on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.74) by $0.57, Briefing.com reports. Enviri had a negative net margin of 7.42% and a negative return on equity of 9.80%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.04) earnings per share.

Enviri Stock Down 0.3%

NYSE NVRI opened at $19.11 on Tuesday. The business has a fifty day moving average price of $18.59 and a 200 day moving average price of $15.02. 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 company has a market cap of $1.54 billion, a P/E ratio of -9.19 and a beta of 1.77. Enviri has a one year low of $4.72 and a one year high of $19.48.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. CJS Securities upgraded Enviri to a “hold” rating in a research note on Thursday, December 11th. Zacks Research upgraded Enviri to a “hold” rating in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Enviri in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Insider Activity

In other news, SVP Jennifer Ott Kozak sold 9,692 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $18.18, for a total value of $176,200.56. Following the completion of the sale, the senior vice president directly owned 8,181 shares in the company, valued at $148,730.58. This represents a 54.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is owned by insiders.

Institutional Trading of Enviri

Hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Enviri by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock worth $33,243,000 after purchasing an additional 7,203 shares in the last quarter. Newtyn Management LLC lifted its position in Enviri by 69.1% during the third quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock worth $21,484,000 after buying an additional 691,949 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in Enviri during the third quarter worth $21,367,000. Charles Schwab Investment Management Inc. boosted its stake in Enviri by 10.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock worth $27,516,000 after buying an additional 140,634 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new stake in Enviri in the 4th quarter valued at $26,880,000. Institutional investors and hedge funds 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.