Energy Recovery (ERII) Scheduled to Post Quarterly Earnings on Wednesday

Energy Recovery (NASDAQ:ERII) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Energy Recovery to post earnings of ($0.11) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $57.19 million during the quarter, compared to the consensus estimate of $63.57 million. Energy Recovery had a net margin of 16.75% and a return on equity of 11.99%. The firm’s revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. On average, analysts expect Energy Recovery to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Energy Recovery Price Performance

Shares of NASDAQ ERII opened at $13.89 on Wednesday. The company has a market cap of $792.84 million, a P/E ratio of 37.54 and a beta of 1.27. Energy Recovery has a 1 year low of $13.41 and a 1 year high of $30.76. The firm has a 50-day simple moving average of $15.05 and a two-hundred day simple moving average of $16.84.

Insider Activity at Energy Recovery

In other Energy Recovery news, CEO David W. Moon acquired 10,750 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average cost of $15.51 per share, with a total value of $166,732.50. Following the completion of the acquisition, the chief executive officer now directly owns 19,250 shares in the company, valued at approximately $298,567.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO David W. Moon purchased 10,750 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were acquired at an average cost of $15.51 per share, with a total value of $166,732.50. Following the completion of the acquisition, the chief executive officer now owns 19,250 shares of the company’s stock, valued at $298,567.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Arve Hanstveit sold 50,000 shares of Energy Recovery stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $15.49, for a total transaction of $774,500.00. Following the completion of the transaction, the director now directly owns 807,055 shares in the company, valued at $12,501,281.95. The disclosure for this sale can be found here. Insiders have sold a total of 96,457 shares of company stock valued at $1,519,283 over the last ninety days. 4.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, Evercore ISI decreased their price target on shares of Energy Recovery from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, February 28th.

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.