Enviri Corporation (NYSE:NVRI) Receives Consensus Rating of “Hold” from Analysts

Enviri Corporation (NYSE:NVRI) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $22.25.

NVRI has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a report on Tuesday, April 21st. BMO Capital Markets lifted their target price on Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a report on Tuesday, May 12th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Enviri in a report on Wednesday, February 25th.

Institutional Trading of Enviri

Several hedge funds have recently modified their holdings of the stock. Bleakley Financial Group LLC increased its stake in shares of Enviri by 3.4% in the 1st quarter. Bleakley Financial Group LLC now owns 16,380 shares of the company’s stock valued at $321,000 after acquiring an additional 531 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Enviri by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,420 shares of the company’s stock valued at $317,000 after buying an additional 872 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in Enviri by 204.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,882 shares of the company’s stock valued at $34,000 after buying an additional 1,264 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after buying an additional 1,554 shares in the last quarter. Finally, KBC Group NV bought a new stake in Enviri in the 1st quarter valued at about $31,000. Institutional investors own 93.43% of the company’s stock.

Enviri Trading Down 1.7%

NYSE NVRI opened at $19.37 on Friday. 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 has a twelve month low of $7.70 and a twelve month high of $21.42. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -9.31 and a beta of 1.59. The business’s fifty day moving average is $19.50 and its 200 day moving average is $18.65.

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

Enviri Dividend Announcement

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

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.