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

Energy Recovery (NASDAQ:ERII - Get Free Report) announced its quarterly earnings data 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 company had revenue of $67.08 million for the quarter, compared to analysts' expectations of $67.39 million. Energy Recovery updated its FY 2025 guidance to EPS.

Energy Recovery Stock Performance

NASDAQ ERII traded down $0.09 during trading on Friday, reaching $14.96. 628,270 shares of the company's stock were exchanged, compared to its average volume of 276,051. Energy Recovery has a 1 year low of $12.26 and a 1 year high of $20.27. The stock has a market cap of $866.09 million, a P/E ratio of 44.00 and a beta of 1.18. The company has a 50 day moving average price of $14.76 and a two-hundred day moving average price of $16.27.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ERII shares. B. Riley cut their price objective on shares of Energy Recovery from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, November 19th. Seaport Res Ptn upgraded Energy Recovery to a "strong-buy" rating in a report on Thursday, December 5th. Scotiabank assumed coverage on Energy Recovery in a research note on Thursday, December 5th. They set a "buy" rating and a $22.00 target price for the company. Evercore ISI dropped their target price on shares of Energy Recovery from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, November 19th. Finally, Fearnley Fonds cut shares of 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 given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $20.75.

Insider Activity

In related news, SVP Rodney Clemente sold 21,444 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.42, for a total value of $330,666.48. Following the transaction, the senior vice president now directly owns 111,109 shares of the company's stock, valued at $1,713,300.78. This trade represents a 16.18 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Arve Hanstveit sold 20,000 shares of the business'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 sale, the director now directly owns 743,182 shares of the company's stock, valued at approximately $12,537,480.34. This trade represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 4.10% of the company's stock.

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.