Q4 2020 EPS Estimates for Energy Recovery, Inc. Decreased by Analyst (NASDAQ:ERII)

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Energy Recovery, Inc. (NASDAQ:ERII) – Seaport Global Securities dropped their Q4 2020 earnings estimates for shares of Energy Recovery in a report released on Thursday, August 1st. Seaport Global Securities analyst M. Urban now expects that the industrial products company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.09.

Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The company had revenue of $22.80 million during the quarter, compared to the consensus estimate of $20.53 million. Energy Recovery had a return on equity of 11.20% and a net margin of 20.21%. Energy Recovery’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS.

A number of other analysts also recently issued reports on the company. TheStreet raised Energy Recovery from a “c+” rating to a “b” rating in a report on Friday, May 3rd. BidaskClub raised Energy Recovery from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd. B. Riley set a $15.00 price target on Energy Recovery and gave the stock a “buy” rating in a report on Monday, July 15th. Zacks Investment Research downgraded Energy Recovery from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine downgraded Energy Recovery from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.00.

Shares of NASDAQ ERII opened at $9.92 on Monday. The stock has a market cap of $607.98 million, a P/E ratio of 48.52 and a beta of 4.32. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.85 and a quick ratio of 4.55. The business’s 50-day simple moving average is $10.73. Energy Recovery has a 1 year low of $6.17 and a 1 year high of $12.04.

Institutional investors and hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC increased its position in shares of Energy Recovery by 9.8% during the first quarter. ETF Managers Group LLC now owns 17,413 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,548 shares in the last quarter. Northern Trust Corp increased its position in Energy Recovery by 0.7% in the 4th quarter. Northern Trust Corp now owns 456,306 shares of the industrial products company’s stock valued at $3,070,000 after acquiring an additional 3,041 shares during the period. Legal & General Group Plc increased its position in Energy Recovery by 44.4% in the 4th quarter. Legal & General Group Plc now owns 7,455 shares of the industrial products company’s stock valued at $50,000 after acquiring an additional 2,294 shares during the period. Geode Capital Management LLC increased its position in Energy Recovery by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 386,026 shares of the industrial products company’s stock valued at $2,597,000 after acquiring an additional 21,560 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Energy Recovery by 36.8% in the 4th quarter. Bank of New York Mellon Corp now owns 185,978 shares of the industrial products company’s stock valued at $1,251,000 after acquiring an additional 50,009 shares during the period. Institutional investors and hedge funds own 32.02% of the company’s stock.

In other news, Director Hans Peter Michelet sold 10,000 shares of Energy Recovery stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $10.06, for a total transaction of $100,600.00. Following the sale, the director now owns 15,000 shares in the company, valued at $150,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rodney Clemente sold 36,946 shares of Energy Recovery stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $11.92, for a total value of $440,396.32. Following the sale, the vice president now owns 81,299 shares in the company, valued at approximately $969,084.08. The disclosure for this sale can be found here. Insiders have sold 305,994 shares of company stock worth $3,270,142 in the last quarter. Insiders own 22.30% of the company’s stock.

Energy Recovery Company Profile

Energy Recovery, Inc provides energy solutions to industrial fluid flow markets under the ERI, PX, Pressure Exchanger, PX Pressure Exchanger, AT, AquaBold, VorTeq, MTeq, IsoBoost, and IsoGen names. The company operates through Water and Oil & Gas segments. It offers pressure exchanger energy recovery devices for water desalination plants; hydraulic turbochargers for low-pressure brackish, high-pressure seawater reverse osmosis systems, and other water treatment applications; and high-pressure and circulation pumps for small- to medium-sized desalination plants.

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

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