Energy Recovery (NASDAQ:ERII) Releases Earnings Results

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

Energy Recovery Stock Down 16.0%

ERII traded down $2.76 during trading on Thursday, reaching $14.50. 1,153,434 shares of the stock traded hands, compared to its average volume of 424,799. The stock has a market capitalization of $771.37 million, a PE ratio of 34.52 and a beta of 1.10. The stock’s 50-day moving average is $15.66 and its 200 day moving average is $14.20. Energy Recovery has a 12 month low of $10.86 and a 12 month high of $20.27.

Insider Buying and Selling

In other Energy Recovery news, insider William Yeung sold 9,168 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $18.00, for a total transaction of $165,024.00. Following the sale, the insider owned 97,369 shares of the company’s stock, valued at approximately $1,752,642. This represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 72,333 shares of company stock worth $1,122,195 over the last quarter. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of Energy Recovery

Institutional investors have recently bought and sold shares of the company. Nebula Research & Development LLC boosted its position in Energy Recovery by 68.7% during the second quarter. Nebula Research & Development LLC now owns 24,475 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 9,969 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Energy Recovery during the 1st quarter worth about $341,000. American Century Companies Inc. boosted its position in shares of Energy Recovery by 328.2% during the 2nd quarter. American Century Companies Inc. now owns 43,775 shares of the industrial products company’s stock worth $559,000 after purchasing an additional 33,553 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Energy Recovery by 6.2% in the 2nd quarter. Marshall Wace LLP now owns 50,214 shares of the industrial products company’s stock valued at $642,000 after buying an additional 2,930 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Energy Recovery in the 2nd quarter valued at about $768,000. Institutional investors own 83.58% of the company’s stock.

Wall Street Analyst Weigh In

ERII has been the topic of a number of research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Energy Recovery in a research note on Tuesday, October 14th. B. Riley reaffirmed a “neutral” rating on shares of Energy Recovery in a research report on Thursday. Finally, CJS Securities assumed coverage on Energy Recovery in a research report on Tuesday, September 16th. They set a “market outperform” rating and a $19.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock 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.