Enviri Corporation to Issue Dividend of $15.00 (NYSE:NVRI)

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

Enviri Stock Down 2.2%

NVRI stock opened at $20.75 on Friday. The company has a market cap of $1.72 billion, a PE ratio of -9.97 and a beta of 1.59. The business has a 50-day simple moving average of $19.40 and a 200 day simple moving average of $18.43. Enviri has a 52 week low of $7.70 and a 52 week high of $21.42. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 5.66.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pertento Partners LLP acquired a new position in shares of Enviri in the third quarter valued at approximately $43,542,000. Geode Capital Management LLC increased its stake in shares of Enviri by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 1,854,838 shares of the company’s stock valued at $33,243,000 after buying an additional 7,203 shares during the period. Newtyn Management LLC increased its stake in shares of Enviri by 69.1% in the third quarter. Newtyn Management LLC now owns 1,692,967 shares of the company’s stock valued at $21,484,000 after buying an additional 691,949 shares during the period. Davidson Kempner Capital Management LP acquired a new position in shares of Enviri in the third quarter valued at approximately $21,367,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Enviri by 10.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,535,519 shares of the company’s stock valued at $27,516,000 after buying an additional 140,634 shares during the period. Institutional investors and hedge funds own 93.43% of the company’s stock.

About Enviri

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.