Energy Recovery (NASDAQ:ERII) Announces Earnings Results, Misses Expectations By $0.01 EPS

Energy Recovery (NASDAQ:ERII) issued its 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 net margin of 14.35% and a return on equity of 8.90%. Energy Recovery updated its FY 2025 guidance to EPS.

Energy Recovery Price Performance

Shares of NASDAQ ERII opened at $14.68 on Thursday. The stock has a market cap of $849.88 million, a price-to-earnings ratio of 43.18 and a beta of 1.18. Energy Recovery has a twelve month low of $12.26 and a twelve month high of $20.27. The company’s fifty day moving average is $14.78 and its 200-day moving average is $16.30.

Analyst Ratings Changes

ERII has been the topic of several analyst reports. Evercore ISI lowered their price target on Energy Recovery from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, November 19th. Fearnley Fonds cut shares of Energy Recovery from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Scotiabank assumed coverage on shares of Energy Recovery in a report on Thursday, December 5th. They set a “buy” rating and a $22.00 price objective on the stock. B. Riley lowered their target price on Energy Recovery from $22.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, November 19th. Finally, Seaport Res Ptn upgraded Energy Recovery to a “strong-buy” rating in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $20.75.

Insider Buying and Selling

In related news, SVP Rodney Clemente sold 21,444 shares of the 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 transaction, the senior vice president now directly owns 111,109 shares of the company’s stock, valued at approximately $1,713,300.78. This represents a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arve Hanstveit sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $16.87, for a total transaction of $337,400.00. Following the completion of the transaction, the director now directly owns 743,182 shares of the company’s stock, valued at $12,537,480.34. This represents 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 company insiders.

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.