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

Energy Recovery (NASDAQ:ERII) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01), Zacks reports. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. Energy Recovery updated its FY 2025 guidance to EPS.

Energy Recovery Stock Performance

NASDAQ ERII opened at $14.68 on Thursday. The firm has a market capitalization of $849.88 million, a PE ratio of 43.18 and a beta of 1.18. Energy Recovery has a one year low of $12.26 and a one year high of $20.27. The company has a 50-day simple moving average of $14.78 and a 200-day simple moving average of $16.30.

Insider Buying and Selling at Energy Recovery

In other news, Director Arve Hanstveit sold 20,000 shares of Energy Recovery stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $16.87, for a total transaction of $337,400.00. Following the transaction, the director now directly owns 743,182 shares in the company, valued at approximately $12,537,480.34. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Rodney Clemente sold 21,444 shares of the business’s 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 owns 111,109 shares in the company, valued at $1,713,300.78. The trade was a 16.18 % 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 insiders.

Wall Street Analysts Forecast Growth

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

About Energy Recovery

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.