Energy Recovery (NASDAQ:ERII) Releases Earnings Results, Misses Estimates By $0.01 EPS

Energy Recovery (NASDAQ:ERII) issued its quarterly earnings results on Wednesday. The industrial products company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01), Zacks reports. Energy Recovery had a return on equity of 8.90% and a net margin of 14.35%. The business had revenue of $67.08 million for the quarter, compared to analyst estimates of $67.39 million. Energy Recovery updated its FY 2025 guidance to EPS.

Energy Recovery Trading Up 2.5 %

Shares of NASDAQ ERII opened at $15.04 on Friday. Energy Recovery has a 12 month low of $12.26 and a 12 month high of $20.27. The stock has a 50 day moving average of $14.76 and a 200-day moving average of $16.28. The company has a market capitalization of $870.78 million, a P/E ratio of 44.24 and a beta of 1.18.

Insider Transactions at Energy Recovery

In related news, SVP Rodney Clemente sold 21,444 shares of Energy Recovery stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $15.42, for a total transaction of $330,666.48. Following the completion of the sale, the senior vice president now directly owns 111,109 shares of the company’s stock, valued at approximately $1,713,300.78. This trade represents a 16.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Arve Hanstveit sold 20,000 shares of Energy Recovery stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $16.87, for a total value of $337,400.00. Following the sale, the director now directly owns 743,182 shares of the company’s stock, valued at approximately $12,537,480.34. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on ERII. Evercore ISI cut their target price on Energy Recovery from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, November 19th. Scotiabank initiated coverage on Energy Recovery in a report on Thursday, December 5th. They set a “buy” rating and a $22.00 target price on the stock. Seaport Res Ptn upgraded Energy Recovery to a “strong-buy” rating in a report on Thursday, December 5th. B. Riley cut their target price on Energy Recovery from $22.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, November 19th. Finally, Fearnley Fonds lowered Energy Recovery from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $20.75.

Energy Recovery Company Profile

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.