Enviri (NYSE:NVRI) Stock Price Down 5.6% - What's Next?

Key Points

• Enviri Corporation's stock (NYSE:NVRI) fell by 5.6% to around $11.57, with trading volume significantly declining 32% from the average.
• The company's earnings report showed a loss of ($0.22) EPS, missing analysts' expectations by ($0.11), along with a 7.9% decline in quarterly revenue compared to last year.
• Analysts have downgraded Enviri from a "hold" to a "sell" rating, with a consensus price target set at $10.00.

Enviri Corporation (NYSE:NVRI - Get Free Report) shares traded down 5.6% during mid-day trading on Thursday . The company traded as low as $11.56 and last traded at $11.57. 605,839 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 892,501 shares. The stock had previously closed at $12.25.

Analysts Set New Price Targets

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

Enviri Stock Performance

The firm has a market capitalization of $931.59 million, a price-to-earnings ratio of -5.89 and a beta of 1.93. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 3.55. The stock has a 50-day moving average price of $10.80 and a 200 day moving average price of $8.67.

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

Institutional Investors Weigh In On Enviri

Several institutional investors have recently added to or reduced their stakes in NVRI. GAMMA Investing LLC lifted its stake in Enviri by 1,216.8% in the first quarter. GAMMA Investing LLC now owns 12,128 shares of the company's stock valued at $81,000 after buying an additional 11,207 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Enviri by 83.7% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 140,065 shares of the company's stock valued at $931,000 after buying an additional 63,827 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Enviri by 26.6% in the first quarter. Public Sector Pension Investment Board now owns 254,114 shares of the company's stock valued at $1,690,000 after buying an additional 53,423 shares during the last quarter. HG Vora Capital Management LLC purchased a new stake in Enviri in the first quarter valued at approximately $23,275,000. Finally, Strs Ohio purchased a new stake in Enviri in the first quarter valued at approximately $552,000. 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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