Energy Recovery (NASDAQ:ERII) Reports Quarterly Earnings

Energy Recovery (NASDAQ:ERII) announced its earnings results on Wednesday. During the quarter, the industrial products company reported earnings per share (EPS) of $0.41, which fell short of the consensus estimate of $0.42 by $0.01, according to reports. The company demonstrated a net margin of 14.35% and achieved a return on equity of 8.90%. Additionally, Energy Recovery updated its guidance for the fiscal year 2025 regarding EPS.

Stock Performance of Energy Recovery

On Wednesday, shares of NASDAQ ERII remained stable at $14.68. A total of 271,362 shares were traded, compared to the average volume of 259,891 shares. Over the past year, Energy Recovery's stock reached a low of $12.26 and a high of $20.27. The company has a 50-day moving average of $14.78 and a 200-day moving average of $16.30. Currently, its market capitalization stands at $849.88 million, with a price-to-earnings (PE) ratio of 43.18 and a beta of 1.18.

Analysts' Price Targets for Energy Recovery

Various research analysts have recently provided updates on the shares of Energy Recovery. Evercore ISI lowered its target price from $23.00 to $20.00, maintaining an "outperform" rating. Fearnley Fonds modified its stance from a "strong-buy" to a "hold" rating in a note published on November 6. B. Riley also adjusted its price target from $22.00 to $20.00 while retaining a "buy" rating. Furthermore, Seaport Res Ptn upgraded the stock to a "strong-buy" rating, while Scotiabank initiated coverage with a "buy" rating and a $22.00 price target. Overall, there are two analysts who rate the stock as a hold, three who have a buy rating, and two who classify it as a strong buy. According to MarketBeat.com, the consensus rating for the stock is "buy," with an average price target set at $20.75.

Insider Transactions in Energy Recovery

In related news, on February 20, SVP Rodney Clemente sold 21,444 shares at an average price of $15.42, totaling approximately $330,666.48. Following this transaction, the senior vice president now holds 111,109 shares of the company, valued at roughly $1,713,300.78. This sale reflects a 16.18% reduction in his ownership. Another insider, Director Arve Hanstveit, sold 20,000 shares on December 11 at an average price of $16.87, amounting to about $337,400. He now possesses 743,182 shares, which are valued at approximately $12,537,480.34, representing a 2.62% decrease in his stake. Overall, insiders control 4.10% of the company's stock.

About Energy Recovery

Energy Recovery, Inc., along with its subsidiaries, specializes in designing, manufacturing, and selling energy efficiency solutions across various regions, including the Americas, the Middle East, Africa, Asia, and Europe. The company operates through two segments: Water and Emerging Technologies. Its product offerings include high and low-pressure exchangers, hydraulic turbochargers, and high-pressure pumps intended for seawater and brackish desalination, as well as wastewater treatment.

Earnings, Stocks, Finance