Energy Recovery (ERII) to Release Earnings on Wednesday

Energy Recovery (NASDAQ:ERII - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect Energy Recovery to post earnings of $0.03 per share and revenue of $21.97 million for the quarter. Energy Recovery has set its FY 2025 guidance at EPS.

Energy Recovery (NASDAQ:ERII - Get Free Report) last posted its earnings results on Wednesday, February 26th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). The company had revenue of $67.08 million during the quarter, compared to analysts' expectations of $67.39 million. Energy Recovery had a net margin of 14.35% and a return on equity of 8.90%. On average, analysts expect Energy Recovery to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Energy Recovery Trading Up 1.4 %

Shares of NASDAQ:ERII traded up $0.22 during trading on Friday, reaching $15.80. The stock had a trading volume of 217,968 shares, compared to its average volume of 402,794. The firm's 50-day simple moving average is $15.47 and its 200 day simple moving average is $15.80. Energy Recovery has a one year low of $12.26 and a one year high of $20.27. The company has a market capitalization of $865.14 million, a P/E ratio of 46.47 and a beta of 1.05.

Insider Activity at Energy Recovery

In other news, SVP Rodney Clemente sold 21,444 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $15.42, for a total transaction of $330,666.48. Following the sale, the senior vice president now directly owns 111,109 shares of the company's stock, valued at $1,713,300.78. The trade was a 16.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arve Hanstveit sold 50,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $16.34, for a total value of $817,000.00. Following the completion of the transaction, the director now directly owns 693,182 shares in the company, valued at approximately $11,326,593.88. The trade was a 6.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Energy Recovery from a "hold" rating to a "buy" rating in a report on Saturday, March 29th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $20.75.

Energy Recovery Company Profile

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.