S&P SmallCap 600 Index Changes Announced
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Source: PRnewswire
- New Additions: On May 27, 2026, Universal Technical Institute (UTI) will be added to the S&P SmallCap 600 Index, indicating recognition in the consumer discretionary sector, which is expected to enhance its market visibility and investor confidence.
- Company Deletion: On the same date, Veris Residential (VRE) will be removed from the S&P SmallCap 600 Index, reflecting its underperformance in the real estate sector, which may negatively impact its stock price.
- New Additions: Peloton Interactive (PTON) will also be included in the S&P SmallCap 600 Index on May 27, signaling its recovery potential in the consumer discretionary space, likely attracting more investor interest in its future growth.
- Company Deletion: Enviri Corporation (NVRI) will be removed on the same date, indicating insufficient competitiveness in the industrial sector, which may lead to decreased liquidity and weakened investor confidence.
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Analyst Views on NVRI
Wall Street analysts forecast NVRI stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 19.530
Low
12.50
Averages
18.25
High
24.00
Current: 19.530
Low
12.50
Averages
18.25
High
24.00
About NVRI
Enviri Corporation is a global provider of environmental solutions for industrial and specialty waste streams, and equipment and technology for the rail sector. The Company’s segments include Harsco Environmental (HE), Clean Earth (CE) and Harsco Rail (Rail). HE operates primarily under long-term contracts, providing critical environmental services and material processing to the global steel and metals industries, including zero-waste solutions for manufacturing byproducts within the metals industry. CE provides specialty waste processing, treatment, recycling, and beneficial reuse solutions for customers in the industrial, retail, healthcare and construction industries across a variety of waste needs, including hazardous, non-hazardous, and contaminated soils and dredged materials. Rail is a provider of highly engineered maintenance equipment, aftermarket parts and safety and diagnostic systems and contracting solutions, which support railroad and transit customers worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enviri to Complete Clean Earth Sale and Harsco Spin-off by June 2026
- Transaction Completion Date: Enviri expects to finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Rail on June 1, 2026, marking a significant milestone in the company's strategic restructuring aimed at enhancing operational efficiency and market competitiveness.
- Shareholder Payout: Following the transaction's completion, Enviri stockholders will receive a cash payment of $15.00 per share, a move that not only alleviates the company's debt burden but also boosts shareholder confidence and encourages future investments.
- New Company Stock Trading: The newly formed Enviri II Corporation is expected to begin “When Issued” trading on May 27, 2026, and regular trading under the ticker “NVRI” on June 2, 2026, showcasing the company's active presence and appeal in the capital markets.
- Shareholder Equity Distribution: After the Holding Company Merger, Enviri stockholders will proportionally receive shares of New Enviri common stock, further enhancing shareholder value and engagement, reflecting the company's commitment to shareholder interests.
See More
S&P SmallCap 600 Index Changes Announced
- New Additions: On May 27, 2026, Universal Technical Institute (UTI) will be added to the S&P SmallCap 600 Index, indicating recognition in the consumer discretionary sector, which is expected to enhance its market visibility and investor confidence.
- Company Deletion: On the same date, Veris Residential (VRE) will be removed from the S&P SmallCap 600 Index, reflecting its underperformance in the real estate sector, which may negatively impact its stock price.
- New Additions: Peloton Interactive (PTON) will also be included in the S&P SmallCap 600 Index on May 27, signaling its recovery potential in the consumer discretionary space, likely attracting more investor interest in its future growth.
- Company Deletion: Enviri Corporation (NVRI) will be removed on the same date, indicating insufficient competitiveness in the industrial sector, which may lead to decreased liquidity and weakened investor confidence.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: The S&P SmallCap 600 Index will see Universal Technical Institute (UTI) replace Veris Residential (VRE) effective May 27, 2026, aimed at enhancing the index's representativeness and liquidity.
- Acquisition Dynamics: Veris Residential is being acquired by Affinius Capital and Vista Hill Partners, with the deal expected to close soon, which may impact investor confidence in the related market.
- New Public Company: Peloton Interactive (PTON) will replace Enviri Corporation (NVRI), which plans to spin off certain operations and assets into a new publicly traded company later this month, potentially leading to a reassessment of small-cap market dynamics.
- Industry Impact: This component adjustment reflects S&P Dow Jones Indices' ongoing efforts to optimize the representativeness of the small-cap market, which may attract more investor interest in small-cap investment opportunities.
See More
Enviri Corporation Q1 2026 Earnings Call Insights
- Clean Earth Transaction Progress: Enviri shareholders approved the sale of Clean Earth, with an expected closing in approximately three weeks, marking a significant step in the company's strategic restructuring that is anticipated to improve financial health and reduce related interest burdens.
- Financial Performance Exceeds Expectations: The first quarter reported total revenue of $550 million and adjusted EPS of $0.10, both surpassing analyst estimates, indicating that operational improvements and service demand from new sites have driven revenue growth for Harsco Environmental.
- Rail Business Challenges: Despite the base profitability of the Rail segment exceeding expectations, it continues to face weak equipment demand and order backlog issues, with projected EBITDA losses for 2026 ranging from $19 million to $26 million, reflecting significant market uncertainty.
- Management Transition: CEO Grasberger announced his departure during the earnings call, marking a major leadership change, while incoming CFO Minan emphasized a continued focus on enhancing aftermarket revenue and optimizing manufacturing operations to address future challenges.
See More
Enviri (NVRI) Q1 2026 Earnings Call Transcript
See More
Enviri Corp to Announce Q1 Earnings on May 11
- Earnings Announcement: Enviri Corp (NVRI) is set to release its Q1 2023 earnings on May 11 after market close, with consensus EPS estimate at -$0.29 and revenue at $546.25 million, highlighting the challenges and opportunities the company faces in the current economic climate.
- Historical Performance Review: Over the past two years, Enviri has beaten EPS estimates 38% of the time and revenue estimates 75% of the time, indicating a degree of capability to exceed expectations, which could positively impact stock prices.
- Expectation Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's future performance, potentially affecting investor confidence.
- Future Outlook: Enviri has set a pro forma EBITDA target of $140 million for 2026 as the spin-off progresses, making its future financial performance and market positioning a focal point for investors, which may influence stock price movements.
See More
Enviri to Complete Clean Earth Sale and Harsco Spin-off by June 2026
- Transaction Completion Date: Enviri expects to finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Rail on June 1, 2026, marking a significant milestone in the company's strategic restructuring aimed at enhancing operational efficiency and market competitiveness.
- Shareholder Payout: Following the transaction's completion, Enviri stockholders will receive a cash payment of $15.00 per share, a move that not only alleviates the company's debt burden but also boosts shareholder confidence and encourages future investments.
- New Company Stock Trading: The newly formed Enviri II Corporation is expected to begin “When Issued” trading on May 27, 2026, and regular trading under the ticker “NVRI” on June 2, 2026, showcasing the company's active presence and appeal in the capital markets.
- Shareholder Equity Distribution: After the Holding Company Merger, Enviri stockholders will proportionally receive shares of New Enviri common stock, further enhancing shareholder value and engagement, reflecting the company's commitment to shareholder interests.
See More
S&P SmallCap 600 Index Changes Announced
- New Additions: On May 27, 2026, Universal Technical Institute (UTI) will be added to the S&P SmallCap 600 Index, indicating recognition in the consumer discretionary sector, which is expected to enhance its market visibility and investor confidence.
- Company Deletion: On the same date, Veris Residential (VRE) will be removed from the S&P SmallCap 600 Index, reflecting its underperformance in the real estate sector, which may negatively impact its stock price.
- New Additions: Peloton Interactive (PTON) will also be included in the S&P SmallCap 600 Index on May 27, signaling its recovery potential in the consumer discretionary space, likely attracting more investor interest in its future growth.
- Company Deletion: Enviri Corporation (NVRI) will be removed on the same date, indicating insufficient competitiveness in the industrial sector, which may lead to decreased liquidity and weakened investor confidence.
See More
Changes to S&P SmallCap 600 Index Components Announced
- Component Replacement: The S&P SmallCap 600 Index will see Universal Technical Institute (UTI) replace Veris Residential (VRE) effective May 27, 2026, aimed at enhancing the index's representativeness and liquidity.
- Acquisition Dynamics: Veris Residential is being acquired by Affinius Capital and Vista Hill Partners, with the deal expected to close soon, which may impact investor confidence in the related market.
- New Public Company: Peloton Interactive (PTON) will replace Enviri Corporation (NVRI), which plans to spin off certain operations and assets into a new publicly traded company later this month, potentially leading to a reassessment of small-cap market dynamics.
- Industry Impact: This component adjustment reflects S&P Dow Jones Indices' ongoing efforts to optimize the representativeness of the small-cap market, which may attract more investor interest in small-cap investment opportunities.
See More
Enviri Corporation Q1 2026 Earnings Call Insights
- Clean Earth Transaction Progress: Enviri shareholders approved the sale of Clean Earth, with an expected closing in approximately three weeks, marking a significant step in the company's strategic restructuring that is anticipated to improve financial health and reduce related interest burdens.
- Financial Performance Exceeds Expectations: The first quarter reported total revenue of $550 million and adjusted EPS of $0.10, both surpassing analyst estimates, indicating that operational improvements and service demand from new sites have driven revenue growth for Harsco Environmental.
- Rail Business Challenges: Despite the base profitability of the Rail segment exceeding expectations, it continues to face weak equipment demand and order backlog issues, with projected EBITDA losses for 2026 ranging from $19 million to $26 million, reflecting significant market uncertainty.
- Management Transition: CEO Grasberger announced his departure during the earnings call, marking a major leadership change, while incoming CFO Minan emphasized a continued focus on enhancing aftermarket revenue and optimizing manufacturing operations to address future challenges.
See More
Enviri (NVRI) Q1 2026 Earnings Call Transcript
See More
Enviri Corp to Announce Q1 Earnings on May 11
- Earnings Announcement: Enviri Corp (NVRI) is set to release its Q1 2023 earnings on May 11 after market close, with consensus EPS estimate at -$0.29 and revenue at $546.25 million, highlighting the challenges and opportunities the company faces in the current economic climate.
- Historical Performance Review: Over the past two years, Enviri has beaten EPS estimates 38% of the time and revenue estimates 75% of the time, indicating a degree of capability to exceed expectations, which could positively impact stock prices.
- Expectation Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's future performance, potentially affecting investor confidence.
- Future Outlook: Enviri has set a pro forma EBITDA target of $140 million for 2026 as the spin-off progresses, making its future financial performance and market positioning a focal point for investors, which may influence stock price movements.
See More
