Zacks Research Upgrades Enviri (NYSE:NVRI) to “Hold”

by · The Markets Daily

Enviri (NYSE:NVRI – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Enviri in a research report on Wednesday, October 8th. Wall Street Zen upgraded Enviri from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Finally, CJS Securities raised Enviri to a “hold” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Enviri has a consensus rating of “Reduce”.

Get Our Latest Report on NVRI

Enviri Price Performance

NYSE:NVRI opened at $17.96 on Tuesday. 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 50-day moving average of $14.77 and a 200-day moving average of $11.67. Enviri has a 52 week low of $4.72 and a 52 week high of $18.74. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -8.64 and a beta of 1.77.

Enviri (NYSE:NVRI – Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $574.82 million for the quarter, compared to the consensus estimate of $573.60 million. Enviri had a negative return on equity of 9.80% and a negative net margin of 7.42%.The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.01) EPS. Enviri has set its FY 2025 guidance at -0.740–0.620 EPS and its Q4 2025 guidance at -0.260–0.130 EPS. As a group, equities research analysts anticipate that Enviri will post -0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jennifer Ott Kozak sold 9,692 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $18.18, for a total transaction of $176,200.56. Following the completion of the sale, the senior vice president directly owned 8,181 shares of the company’s stock, valued at $148,730.58. This trade represents a 54.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Enviri

Institutional investors and hedge funds have recently bought and sold shares of the business. HG Vora Capital Management LLC acquired a new position in Enviri during the 1st quarter worth about $23,275,000. Pertento Partners LLP acquired a new stake in Enviri in the 3rd quarter valued at about $43,542,000. Davidson Kempner Capital Management LP bought a new position in shares of Enviri in the third quarter worth about $21,367,000. Millennium Management LLC lifted its position in shares of Enviri by 4,621.0% during the third quarter. Millennium Management LLC now owns 1,347,373 shares of the company’s stock worth $17,098,000 after purchasing an additional 1,318,833 shares in the last quarter. Finally, Angelo Gordon & CO. L.P. bought a new stake in shares of Enviri during the second quarter valued at approximately $10,706,000. Institutional investors and hedge funds own 93.43% of the company’s stock.

Enviri Company Profile

(Get Free Report)

Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris.

See Also