Enviri (NYSE:NVRI) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Enviri (NYSE:NVRI) has been downgraded to a "sell" rating by both Weiss Ratings and Wall Street Zen, indicating a bearish outlook for the stock.
• The company's recent earnings report showed a loss of ($0.22) per share, significantly missing the consensus estimate, with revenue also falling short of expectations at $562.25 million.
• Enviri's stock is experiencing high institutional ownership, with hedge funds and other institutional investors controlling 93.43% of the company's shares.

Enviri (NYSE:NVRI - Get Free Report)'s stock had its "sell (d-)" rating reissued by Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded shares of Enviri from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $10.00.

Enviri Stock Performance

Enviri stock opened at $11.74 on Wednesday. The company has a market capitalization of $946.83 million, a PE ratio of -5.99 and a beta of 1.93. Enviri has a fifty-two week low of $4.72 and a fifty-two week high of $12.84. The company has a debt-to-equity ratio of 3.55, a quick ratio of 0.88 and a current ratio of 1.19. The company has a 50 day moving average price of $11.05 and a 200-day moving average price of $8.84.

Enviri (NYSE:NVRI - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.11). The firm had revenue of $562.25 million during the quarter, compared to analysts' expectations of $576.50 million. Enviri had a negative return on equity of 7.86% and a negative net margin of 7.02%.Enviri's revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.02 earnings per share. Enviri has set its FY 2025 guidance at -0.520--0.300 EPS. Q3 2025 guidance at -0.100-0.01 EPS. As a group, equities analysts forecast that Enviri will post -0.13 earnings per share for the current year.

Institutional Trading of Enviri

Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of Enviri by 231.7% in the second quarter. CWM LLC now owns 4,893 shares of the company's stock valued at $42,000 after purchasing an additional 3,418 shares in the last quarter. Brooklyn Investment Group boosted its stake in shares of Enviri by 11,332.3% in the first quarter. Brooklyn Investment Group now owns 7,431 shares of the company's stock valued at $49,000 after purchasing an additional 7,366 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company's stock worth $66,000 after purchasing an additional 2,322 shares during the period. Entropy Technologies LP acquired a new stake in shares of Enviri during the first quarter worth $70,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Enviri in the 1st quarter worth about $74,000. Hedge funds and other institutional investors own 93.43% of the company's stock.

About Enviri

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.

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