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

Enviri (NYSE:NVRI) announced 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 period in the previous year, the business earned $0.22 EPS. The business’s revenue for the quarter was down 66.7% compared to the same quarter last year.

Enviri Stock Performance

NYSE:NVRI opened at $23.32 on Tuesday. The stock’s 50 day moving average price is $21.89 and its two-hundred day moving average price is $20.07. Enviri has a 12-month low of $8.79 and a 12-month high of $24.20.

Enviri Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Insider Activity at Enviri

In other news, CFO Peter Francis Minan acquired 8,333 shares of Enviri stock in a transaction on Friday, June 5th. The shares were purchased at an average cost of $19.25 per share, for a total transaction of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares of the company’s stock, valued at approximately $316,354.50. This represents a 102.86% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Enviri

Institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new position in shares of Enviri during the 4th quarter valued at about $324,000. Jain Global LLC purchased a new position in shares of Enviri in the fourth quarter valued at $247,000. Aristides Capital LLC purchased a new stake in Enviri during the fourth quarter valued at approximately $358,000. Amundi boosted its stake in shares of Enviri by 17.9% during the 3rd quarter. Amundi now owns 17,363 shares of the company’s stock worth $205,000 after purchasing an additional 2,631 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in shares of Enviri by 145.4% during the third quarter. BNP Paribas Financial Markets now owns 18,703 shares of the company’s stock valued at $237,000 after buying an additional 11,082 shares during the period. Hedge funds and other institutional investors own 93.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NVRI. BMO Capital Markets lifted their price target on Enviri from $19.00 to $19.50 and gave the company a “market perform” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Enviri to a “hold” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $22.25.

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.