Enviri (NYSE:NVRI) Lowered to “Sell” Rating by Wall Street Zen

Enviri (NYSE:NVRIGet Free Report) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Enviri Price Performance

Shares of NVRI opened at $8.67 on Friday. Enviri has a 1-year low of $4.72 and a 1-year high of $11.95. The stock has a market cap of $698.81 million, a PE ratio of -4.42 and a beta of 1.77. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.19 and a quick ratio of 0.88. The firm has a fifty day moving average price of $8.78 and a 200 day moving average price of $7.75.

Enviri (NYSE:NVRIGet Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.11). Enviri had a negative net margin of 7.02% and a negative return on equity of 7.86%. The company had revenue of $562.25 million during the quarter, compared to analysts’ expectations of $576.50 million. During the same period last year, the firm earned $0.02 earnings per share. Enviri’s revenue was down 7.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Enviri will post -0.13 EPS for the current year.

Institutional Investors Weigh In On Enviri

A number of institutional investors and hedge funds have recently made changes to their positions in NVRI. American Century Companies Inc. raised its holdings in shares of Enviri by 43.2% in the fourth quarter. American Century Companies Inc. now owns 29,391 shares of the company’s stock valued at $226,000 after buying an additional 8,865 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Enviri by 33.8% in the fourth quarter. JPMorgan Chase & Co. now owns 657,775 shares of the company’s stock valued at $5,065,000 after buying an additional 166,125 shares during the last quarter. Norges Bank purchased a new stake in shares of Enviri in the fourth quarter valued at about $2,474,000. Wells Fargo & Company MN raised its holdings in shares of Enviri by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 47,222 shares of the company’s stock valued at $364,000 after buying an additional 9,049 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Enviri in the fourth quarter valued at about $86,000. 93.43% of the stock is owned by hedge funds and other institutional investors.

About Enviri

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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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