Energy Recovery (NASDAQ:ERII) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Energy Recovery (NASDAQ:ERII) issued its earnings results on Wednesday. The industrial products company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03, FiscalAI reports. The company had revenue of $32.00 million during the quarter, compared to the consensus estimate of $29.94 million. Energy Recovery had a return on equity of 11.67% and a net margin of 17.02%. Energy Recovery updated its FY 2025 guidance to EPS.

Energy Recovery Stock Down 16.0%

ERII stock traded down $2.76 during mid-day trading on Thursday, reaching $14.50. 1,153,434 shares of the company traded hands, compared to its average volume of 424,799. The stock has a market cap of $771.37 million, a price-to-earnings ratio of 34.52 and a beta of 1.10. Energy Recovery has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The firm’s 50 day moving average price is $15.66 and its 200 day moving average price is $14.20.

Analysts Set New Price Targets

ERII has been the subject of several research reports. CJS Securities initiated coverage on Energy Recovery in a research note on Tuesday, September 16th. They issued a “market outperform” rating and a $19.00 target price for the company. B. Riley restated a “neutral” rating on shares of Energy Recovery in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Energy Recovery in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Energy Recovery currently has a consensus rating of “Buy” and a consensus target price of $18.75.

Insider Transactions at Energy Recovery

In other Energy Recovery news, insider William Yeung sold 33,554 shares of Energy Recovery stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $14.51, for a total transaction of $486,868.54. Following the completion of the transaction, the insider owned 97,369 shares in the company, valued at approximately $1,412,824.19. The trade was a 25.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 72,333 shares of company stock worth $1,122,195. 3.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Energy Recovery

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. purchased a new position in shares of Energy Recovery in the 3rd quarter worth approximately $184,000. State of Wyoming boosted its stake in shares of Energy Recovery by 31.1% in the 2nd quarter. State of Wyoming now owns 19,486 shares of the industrial products company’s stock worth $249,000 after buying an additional 4,622 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Energy Recovery by 172.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,011 shares of the industrial products company’s stock worth $77,000 after buying an additional 3,803 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of Energy Recovery in the 2nd quarter worth approximately $176,000. Finally, Select Equity Group L.P. boosted its stake in shares of Energy Recovery by 15.4% in the 2nd quarter. Select Equity Group L.P. now owns 769,706 shares of the industrial products company’s stock worth $9,837,000 after buying an additional 102,549 shares during the last quarter. Hedge funds and other institutional investors own 83.58% of the company’s stock.

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.