Energy Recovery Company Profile (NASDAQ:ERII)

Energy Recovery trades on the NASDAQ under the ticker symbol "ERII."

Energy Recovery declared that its Board of Directors has authorized a stock buyback program on Wednesday, April 12th 2017, which authorizes the company to buyback $15,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 3.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Energy Recovery, Inc. (NASDAQ:ERII) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported ($0.01) EPS for the quarter, meeting the Zacks' consensus estimate of ($0.01). The firm had revenue of $12.20 million for the quarter, compared to analysts' expectations of $14.99 million. Energy Recovery had a return on equity of 2.43% and a net margin of 3.07%. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. View Energy Recovery's Earnings History.

Energy Recovery is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Energy Recovery.

7 brokers have issued 12-month price targets for Energy Recovery's shares. Their forecasts range from $12.00 to $20.00. On average, they expect Energy Recovery's stock price to reach $16.57 in the next year. View Analyst Ratings for Energy Recovery.

Here are some recent quotes from research analysts about Energy Recovery stock:

• 1. According to Zacks Investment Research, "Based in San Leandro, California, ENERGY RECOVERY, INC. is a leading global developer and manufacturer of highly efficient energy recovery devices utilized in the water desalination industry. Energy Recovery, Inc. operates primarily in the sea water reverse osmosis segment of the desalination industry.ERI manufactures ultra-high efficiency recovery products and technology, specifically the ERI PX Pressure Exchanger, that are among the enabling technologies driving the rapid growth in seawater reverse osmosis desalination, and are helping to make desalination affordable worldwide. " (7/10/2017)
• 2. FBR & Co analysts commented, "Last week, we hosted President and CEO Joel Gay, CFO Chris Gannon, and Managing Director, IR and Corporate Development Brian Uhlmer in meetings with clients. We heard encouraging updates across all three of the oil & gas division's current initiatives: design finalization and construction of the Gen-II missile in time for the VorTeq system to attempt its delayed first milestone (M1) in 3Q17; introduction this year of the second PX-derivative product for the oil & gas sector; and monetization traction in the GCC Middle East for the IsoBoost/IsoGen lines. At its present level, the stock is valuing these oil & gas opportunities, in aggregate, at ~$1/share and thus proffering a very attractive risk/reward entry point, in our view. ERII's water division and net cash position are worth $4.50 and $1.83, by our estimates." (3/28/2017)
• 3. Evercore ISI analysts commented, " A relatively new entrant to the OFS space, Energy Recovery is an energy solutions provider who leverages its expertise in fluid dynamics and advanced material sciences to arbitrage pressure energy. Through its IP-protected Pressure Exchanger (PX) technology, along with its various derivatives, Energy Recovery aims to create markets to preserve or eliminate pumps that are subject to, and destroyed by, hostile process fluids, and to convert wasted pressure energy into a reusable asset. In doing so, ERII seeks to reduce customer opex, capex, and downtime, allowing for quicker customer payback periods and significant margins and returns for ERII. While the company looks to diversify its story and investment case, investors will likely continue to focus on the VorTeq's path to commercialization, given the large potential NPV impact. According to our math, the current share price appraises a minimal likelihood of success, which we deem overly pessimistic, while acknowledging that many investors are likely willing to sacrifice initial upside and wait until M1 is achieved in 2H17 and more clarity is provided as to M2 and the commercialization timeline. We remain confident in commercialization and rate the shares Outperform with a $20 PT." (3/15/2017)

Some companies that are related to Energy Recovery include Fairmount Santrol Holdings (FMSA), NN (NNBR), Columbus McKinnon Corporation (CMCO), Ituran Location and Control (ITRN), TPI Composites (TPIC), Casella Waste Systems (CWST), Global Brass and Copper Holdings (BRSS), Myers Industries (MYE), Unifi (UFI), Landauer (LDR), Plug Power (PLUG), Kawasaki Heavy Industries (KWHIY), Park-Ohio Holdings Corp. (PKOH), DXP Enterprises (DXPE), Net 1 UEPS Technologies (UEPS), Kornit Digital (KRNT), Insteel Industries (IIIN) and Heritage-Crystal Clean (HCCI).

Energy Recovery's management team includes the folowing people:

• Hans Peter Michelet, Independent Chairman of the Board
• Joel Gay, President, Chief Executive Officer, Director
• Chris M. Gannon, Chief Financial Officer
• Sharon Smith-Lenox CPA, Corporate Controller, Chief Accounting Officer
• Nocair Bensalah, Vice President - Operations
• Rodney Clemente, Vice President - Global Desalination Sales
• Eric O. Siebert, Vice President - Corporate Strategy
• Emily Smith, Vice President - Marketing
• Andrew B. Stroud Jr., Vice President of Human Resources
• William Yeung, General Counsel

Shares of Energy Recovery can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Energy Recovery stock can currently be purchased for approximately $8.24.