Energy Recovery, Inc. (NASDAQ:ERII) – Stock analysts at B. Riley upped their FY2017 earnings per share (EPS) estimates for Energy Recovery in a research report issued on Wednesday, Zacks Investment Research reports. B. Riley analyst T. Curran now expects that the industrial products company will post earnings of $0.43 per share for the year, up from their previous estimate of $0.37. B. Riley currently has a “Buy” rating and a $20.00 target price on the stock. B. Riley also issued estimates for Energy Recovery’s Q4 2017 earnings at $0.41 EPS, Q2 2018 earnings at $0.37 EPS and Q3 2018 earnings at $0.05 EPS.
Energy Recovery (NASDAQ:ERII) last announced its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.31). Energy Recovery had a net margin of 7.78% and a return on equity of 5.75%. The company had revenue of $15.08 million during the quarter, compared to analysts’ expectations of $14.64 million. During the same quarter in the prior year, the business posted ($0.01) earnings per share. The company’s revenue was up 22.9% compared to the same quarter last year. COPYRIGHT VIOLATION WARNING: “Research Analysts Issue Forecasts for Energy Recovery, Inc.’s FY2017 Earnings (ERII)” was posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/21/fy2017-eps-estimates-for-energy-recovery-inc-raised-by-b-riley-erii.html.
Several other research analysts also recently weighed in on ERII. Jefferies Group LLC restated a “buy” rating and set a $17.00 target price (down from $20.00) on shares of Energy Recovery in a research note on Wednesday, August 9th. ValuEngine upgraded Energy Recovery from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub downgraded Energy Recovery from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. FBR & Co reiterated a “buy” rating on shares of Energy Recovery in a research note on Wednesday, October 11th. Finally, Capital One Financial Corporation assumed coverage on Energy Recovery in a research note on Thursday, September 7th. They set an “overweight” rating and a $16.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Energy Recovery presently has an average rating of “Buy” and an average price target of $17.00.
Energy Recovery (NASDAQ:ERII) opened at $9.61 on Friday. Energy Recovery has a one year low of $6.13 and a one year high of $12.73. The firm has a market capitalization of $515.05, a price-to-earnings ratio of 136.14, a P/E/G ratio of 1.93 and a beta of 5.59.
Institutional investors have recently made changes to their positions in the business. Harbour Capital Advisors LLC raised its holdings in shares of Energy Recovery by 729.0% during the second quarter. Harbour Capital Advisors LLC now owns 3,316 shares of the industrial products company’s stock valued at $400,000 after acquiring an additional 2,916 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Energy Recovery during the first quarter valued at approximately $113,000. Parametric Portfolio Associates LLC acquired a new position in shares of Energy Recovery during the second quarter valued at approximately $117,000. Perigon Wealth Management LLC raised its holdings in shares of Energy Recovery by 149.7% during the second quarter. Perigon Wealth Management LLC now owns 15,179 shares of the industrial products company’s stock valued at $126,000 after acquiring an additional 9,099 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Energy Recovery during the third quarter valued at approximately $130,000. 30.33% of the stock is owned by institutional investors and hedge funds.
In other Energy Recovery news, Director Olav Fjell purchased 18,000 shares of Energy Recovery stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $7.08 per share, with a total value of $127,440.00. Following the acquisition, the director now owns 18,000 shares of the company’s stock, valued at approximately $127,440. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.60% 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.
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