$0.01 Earnings Per Share Expected for Energy Recovery, Inc. (ERII) This Quarter

Equities analysts expect Energy Recovery, Inc. (NASDAQ:ERII) to announce earnings of $0.01 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Energy Recovery’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.03). Energy Recovery posted earnings per share of $0.06 during the same quarter last year, which suggests a negative year over year growth rate of 83.3%. The company is expected to issue its next quarterly earnings report on Wednesday, March 6th.

On average, analysts expect that Energy Recovery will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.18. For the next year, analysts forecast that the business will report earnings of $0.35 per share, with EPS estimates ranging from $0.26 to $0.49. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Energy Recovery.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Friday, November 2nd. The industrial products company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.03. The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $20.63 million. Energy Recovery had a net margin of 48.60% and a return on equity of 12.63%. The company’s revenue for the quarter was up 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS.



A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Energy Recovery from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered shares of Energy Recovery from a “buy” rating to a “hold” rating in a research note on Wednesday, December 12th. TheStreet lowered shares of Energy Recovery from a “b-” rating to a “c+” rating in a research note on Friday, December 28th. Seaport Global Securities lowered shares of Energy Recovery from a “buy” rating to a “neutral” rating in a research note on Friday, December 7th. Finally, B. Riley reaffirmed a “buy” rating on shares of Energy Recovery in a research note on Friday, December 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Energy Recovery currently has a consensus rating of “Hold” and a consensus price target of $14.33.

Shares of NASDAQ ERII opened at $7.68 on Friday. The firm has a market capitalization of $407.20 million, a P/E ratio of 109.71 and a beta of 5.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.22 and a quick ratio of 3.99. 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 stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $9.15, for a total transaction of $418,228.20. Following the completion of the transaction, the director now directly owns 1,113,945 shares in the company, valued at approximately $10,192,596.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Trexquant Investment LP acquired a new position in shares of Energy Recovery during the 3rd quarter worth about $115,000. Alambic Investment Management L.P. bought a new stake in shares of Energy Recovery in the 3rd quarter valued at about $166,000. Fox Run Management L.L.C. bought a new stake in shares of Energy Recovery in the 3rd quarter valued at about $167,000. MetLife Investment Advisors LLC raised its holdings in shares of Energy Recovery by 39.4% in the 3rd quarter. MetLife Investment Advisors LLC now owns 25,079 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 7,083 shares during the period. Finally, Jefferies Group LLC raised its holdings in shares of Energy Recovery by 150.0% in the 3rd quarter. Jefferies Group LLC now owns 27,800 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 16,681 shares during the period. Institutional investors own 33.82% of the company’s stock.

About Energy Recovery

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.

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