Energy Recovery, Inc. (NASDAQ:ERII) – Stock analysts at Jefferies Group dropped their Q3 2017 earnings per share (EPS) estimates for Energy Recovery in a research report issued on Thursday. Jefferies Group analyst L. Alexander now expects that the industrial products company will post earnings of $0.00 per share for the quarter, down from their previous estimate of $0.37. Jefferies Group also issued estimates for Energy Recovery’s Q4 2017 earnings at $0.37 EPS, FY2017 earnings at $0.35 EPS and FY2018 earnings at $0.50 EPS.

Energy Recovery (NASDAQ:ERII) last announced its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). The business had revenue of $12.20 million for the quarter, compared to analysts’ expectations of $14.99 million. Energy Recovery had a return on equity of 2.43% and a net margin of 3.07%. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share.

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A number of other brokerages also recently commented on ERII. BidaskClub upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research downgraded Energy Recovery from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $17.42.

Energy Recovery (NASDAQ ERII) opened at 6.57 on Monday. Energy Recovery has a 12 month low of $6.53 and a 12 month high of $16.67. The stock has a market capitalization of $351.97 million, a PE ratio of 226.55 and a beta of 5.51. The firm has a 50-day moving average price of $7.82 and a 200 day moving average price of $8.35.

Hedge funds have recently modified their holdings of the company. American International Group Inc. increased its stake in shares of Energy Recovery by 7.1% in the first quarter. American International Group Inc. now owns 21,200 shares of the industrial products company’s stock worth $176,000 after buying an additional 1,399 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Energy Recovery during the first quarter worth approximately $447,000. KBC Group NV increased its stake in shares of Energy Recovery by 8.5% in the first quarter. KBC Group NV now owns 259,464 shares of the industrial products company’s stock worth $2,159,000 after buying an additional 20,386 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Energy Recovery by 142.1% in the first quarter. JPMorgan Chase & Co. now owns 217,776 shares of the industrial products company’s stock worth $1,812,000 after buying an additional 127,836 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of Energy Recovery during the first quarter worth approximately $104,000. Hedge funds and other institutional investors own 31.86% of the company’s stock.

Energy Recovery Company Profile

Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.

Earnings History and Estimates for Energy Recovery (NASDAQ:ERII)

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