Energy Recovery, Inc. (NASDAQ:ERII) – B. Riley issued their FY2020 earnings per share estimates for Energy Recovery in a note issued to investors on Friday, December 28th. B. Riley analyst T. Curran anticipates that the industrial products company will post earnings per share of $0.80 for the year. B. Riley has a “Buy” rating on the stock.
Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings data on Friday, November 2nd. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.03. The business had revenue of $22.20 million during the quarter, compared to the consensus estimate of $20.63 million. Energy Recovery had a net margin of 48.60% and a return on equity of 12.63%. The firm’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.03 earnings per share.
A number of other equities analysts have also commented on the stock. BidaskClub raised shares of Energy Recovery from a “strong sell” rating to a “sell” rating in a research report on Friday, November 2nd. Zacks Investment Research lowered shares of Energy Recovery from a “buy” rating to a “hold” rating in a research report on Wednesday, December 12th. Finally, Seaport Global Securities lowered shares of Energy Recovery from a “buy” rating to a “neutral” rating in a research report on Friday, December 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.33.
Shares of NASDAQ ERII opened at $6.73 on Monday. The company has a quick ratio of 3.99, a current ratio of 4.22 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $351.72 million, a price-to-earnings ratio of 96.14 and a beta of 5.67. Energy Recovery has a 1 year low of $6.17 and a 1 year high of $10.25.
In other news, Director Arve Hanstveit sold 45,708 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $9.15, for a total transaction of $418,228.20. Following the transaction, the director now directly owns 1,113,945 shares of the company’s stock, valued at $10,192,596.75. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Nocair Bensalah sold 78,244 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $8.78, for a total transaction of $686,982.32. Following the transaction, the vice president now directly owns 95,000 shares in the company, valued at $834,100. The disclosure for this sale can be found here. Company insiders own 23.80% of the company’s stock.
Several large investors have recently modified their holdings of the company. Trexquant Investment LP purchased a new position in Energy Recovery during the third quarter valued at approximately $115,000. Aristotle Atlantic Partners LLC purchased a new position in Energy Recovery during the second quarter valued at approximately $121,000. Aperio Group LLC purchased a new position in Energy Recovery during the second quarter valued at approximately $132,000. Alambic Investment Management L.P. purchased a new position in Energy Recovery during the third quarter valued at approximately $166,000. Finally, Fox Run Management L.L.C. purchased a new position in Energy Recovery during the third quarter valued at approximately $167,000. 33.82% of the stock is currently owned by institutional investors and hedge funds.
Energy Recovery Company Profile
Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names worldwide. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for low and high-pressure reverse osmosis systems.