Energy Recovery (NASDAQ:ERII) Posts Earnings Results

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

Energy Recovery Stock Performance

Shares of ERII traded down $0.38 during mid-day trading on Friday, hitting $14.12. 55,449 shares of the company’s stock were exchanged, compared to its average volume of 422,838. The stock’s 50-day moving average is $15.66 and its 200-day moving average is $14.20. Energy Recovery has a fifty-two week low of $10.86 and a fifty-two week high of $20.27. The company has a market cap of $750.89 million, a price-to-earnings ratio of 33.57 and a beta of 1.10.

Insider Buying and Selling

In other Energy Recovery news, insider William Yeung sold 33,554 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $14.51, for a total value of $486,868.54. Following the completion of the transaction, the insider owned 97,369 shares in the company, valued at $1,412,824.19. The trade was a 25.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders have sold 72,333 shares of company stock valued at $1,122,195. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of Energy Recovery by 43.1% during the first quarter. Royal Bank of Canada now owns 16,257 shares of the industrial products company’s stock worth $258,000 after buying an additional 4,899 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Energy Recovery during the 1st quarter worth approximately $341,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Energy Recovery by 7.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,929 shares of the industrial products company’s stock valued at $714,000 after purchasing an additional 3,185 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Energy Recovery by 10.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 206,038 shares of the industrial products company’s stock valued at $3,274,000 after purchasing an additional 19,992 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Energy Recovery by 54.4% during the 1st quarter. Jane Street Group LLC now owns 122,369 shares of the industrial products company’s stock worth $1,944,000 after purchasing an additional 43,089 shares during the last quarter. 83.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ERII has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Energy Recovery in a report on Tuesday, October 14th. B. Riley restated a “neutral” rating on shares of Energy Recovery in a report on Thursday. Finally, CJS Securities began coverage on shares of Energy Recovery in a research report on Tuesday, September 16th. They set a “market outperform” rating and a $19.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $18.75.

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.