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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Industry, Sector and Symbol
Industry Special industry machinery, not elsewhere classified
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Phone510-483-7370
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$74.51 million
Profitability
Miscellaneous
Employees143
Next Earnings Date3/5/2020 (Estimated)
OptionableOptionable
Energy Recovery (NASDAQ:ERII) Frequently Asked Questions
What is Energy Recovery's stock symbol?
Energy Recovery trades on the NASDAQ under the ticker symbol "ERII."
How will Energy Recovery's stock buyback program work?
Energy Recovery announced that its Board of Directors has approved a stock repurchase plan on Friday, March 9th 2018, which allows the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
How were Energy Recovery's earnings last quarter?
Energy Recovery, Inc. (NASDAQ:ERII) issued its quarterly earnings data on Thursday, October, 31st. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.03 by $0.04. The industrial products company earned $24.90 million during the quarter, compared to analyst estimates of $22.01 million. Energy Recovery had a return on equity of 9.95% and a net margin of 18.65%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $0.08 EPS. View Energy Recovery's Earnings History.
When is Energy Recovery's next earnings date?
What price target have analysts set for ERII?
4 brokerages have issued 1 year target prices for Energy Recovery's stock. Their forecasts range from $12.00 to $18.00. On average, they expect Energy Recovery's stock price to reach $15.00 in the next year. This suggests a possible upside of 44.6% from the stock's current price. View Analyst Price Targets for Energy Recovery.
What is the consensus analysts' recommendation for Energy Recovery?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Recovery.
What are Wall Street analysts saying about Energy Recovery stock?
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. " (11/8/2019)
- 2. Evercore ISI analysts commented, "We are decreasing our 2019 and 2020 EBITDA estimates to $11.4 million and $39.8 million from $17.9 million and $45.5 million respectively to reflect higher opex expenses than we were previously modeling due to the manufacturing expansion. Recovery, Inc." (8/8/2019)
Has Energy Recovery been receiving favorable news coverage?
News headlines about ERII stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Energy Recovery earned a news sentiment score of -1.9 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Energy Recovery.
Are investors shorting Energy Recovery?
Energy Recovery saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 4,980,000 shares, an increase of 10.7% from the December 15th total of 4,500,000 shares. Based on an average trading volume of 210,200 shares, the days-to-cover ratio is currently 23.7 days. Approximately 13.1% of the company's stock are short sold. View Energy Recovery's Current Options Chain.
Who are some of Energy Recovery's key competitors?
Some companies that are related to Energy Recovery include Illinois Tool Works (ITW), Ingersoll-Rand (IR), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Xylem (XYL), IDEX (IEX), Nordson (NDSN), Snap-on (SNA), Graco (GGG), Pentair (PNR), Woodward, Inc.Common Stock (WWD), Gardner Denver (GDI), Donaldson (DCI) and Flowserve (FLS).
What other stocks do shareholders of Energy Recovery own?
Who are Energy Recovery's key executives?
Energy Recovery's management team includes the folowing people:
- Mr. Chris M. Gannon, Pres, CEO & Director (Age 47)
- Mr. Nocair Bensalah, VP of Operations (Age 50)
- Mr. Rodney Clemente, VP of Water (Age 39)
- Mr. Eric O. Siebert, VP of Oil & Gas (Age 40)
- Mr. Joshua Ballard CFA, Chief Financial Officer
Who are Energy Recovery's major shareholders?
Energy Recovery's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Mainstay Capital Management LLC ADV (0.03%) and FNY Investment Advisers LLC (0.02%). Company insiders that own Energy Recovery stock include Arve Hanstveit, Emily Smith, Eric Siebert, Farshad Ghasripoor, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah, Ole Peter Lorentzen and Rodney Clemente. View Institutional Ownership Trends for Energy Recovery.
Which major investors are selling Energy Recovery stock?
ERII stock was sold by a variety of institutional investors in the last quarter, including Mainstay Capital Management LLC ADV. Company insiders that have sold Energy Recovery company stock in the last year include Arve Hanstveit, Emily Smith, Eric Siebert, Farshad Ghasripoor, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah, Ole Peter Lorentzen and Rodney Clemente. View Insider Buying and Selling for Energy Recovery.
Which major investors are buying Energy Recovery stock?
How do I buy shares of Energy Recovery?
Shares of ERII can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is Energy Recovery's stock price today?
One share of ERII stock can currently be purchased for approximately $10.37.
How big of a company is Energy Recovery?
Energy Recovery has a market capitalization of $571.59 million and generates $74.51 million in revenue each year. The industrial products company earns $22.09 million in net income (profit) each year or $0.20 on an earnings per share basis. Energy Recovery employs 143 workers across the globe.View Additional Information About Energy Recovery.
What is Energy Recovery's official website?
How can I contact Energy Recovery?
Energy Recovery's mailing address is 1717 Doolittle Drive, San Leandro CA, 94577. The industrial products company can be reached via phone at 510-483-7370 or via email at [email protected]
MarketBeat Community Rating for Energy Recovery (NASDAQ ERII)
MarketBeat's community ratings are surveys of what our community members think about Energy Recovery and other stocks. Vote "Outperform" if you believe ERII will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ERII will underperform the S&P 500 over the long term. You may vote once every thirty days.
