NASDAQ:ERII - Energy Recovery Stock Price, News, & Analysis

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

Energy Recovery announced that its Board of Directors has initiated a share repurchase program on Friday, March 9th 2018, which permits the company to buyback $10,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Energy Recovery, Inc. (NASDAQ:ERII) released its quarterly earnings data on Thursday, August, 2nd. The industrial products company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.06. The industrial products company earned $20.80 million during the quarter, compared to analyst estimates of $16.39 million. Energy Recovery had a net margin of 46.91% and a return on equity of 10.72%. Energy Recovery's revenue was up 90.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS. View Energy Recovery's Earnings History.

Energy Recovery is scheduled to release their next quarterly earnings announcement on Wednesday, November, 7th 2018. View Earnings Estimates for Energy Recovery.

6 Wall Street analysts have issued 1-year price objectives for Energy Recovery's stock. Their predictions range from $13.00 to $20.00. On average, they anticipate Energy Recovery's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 75.4% from the stock's current price. View Analyst Price Targets for Energy Recovery.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Energy Recovery in the last year. There are currently 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Recovery.

Energy Recovery saw a drop in short interest in the month of July. As of July 31st, there was short interest totalling 9,954,815 shares, a drop of 2.8% from the July 13th total of 10,245,721 shares. Based on an average daily trading volume, of 220,338 shares, the short-interest ratio is currently 45.2 days. Currently, 31.9% of the shares of the company are short sold. View Energy Recovery's Current Options Chain.

Some companies that are related to Energy Recovery include Milacron (MCRN), Axcelis Technologies (ACLS), Veeco Instruments (VECO), Manitex International (MNTX), ACM Research (ACMR), Intevac (IVAC), Amtech Systems (ASYS), CVD Equipment (CVV), Greystone Logistics (GLGI), MagneGas (MNGA) and Enviro Technologies (EVTN).

News articles about ERII stock have trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Energy Recovery earned a media and rumor sentiment score of 0.18 on Accern's scale. They also gave news headlines about the industrial products company an impact score of 46.38 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View Recent Headlines for Energy Recovery.

Energy Recovery's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.59%), Heartland Advisors Inc. (1.85%), First Trust Advisors LP (1.05%), Trigran Investments Inc. (0.53%), SCP Investment LP (0.46%) and Cadence Capital Management LLC (0.41%). Company insiders that own Energy Recovery stock include Andrew B Stroud Jr, Arve Hanstveit, Hans Peter Michelet, Lenox Sharon E Smith, Olav Fjell, Robert Yu Lang Mao and William Yeung. View Institutional Ownership Trends for Energy Recovery.

ERII stock was sold by a variety of institutional investors in the last quarter, including Arlington Financial Advisors LLC and Heartland Advisors Inc.. Company insiders that have sold Energy Recovery company stock in the last year include Andrew B Stroud Jr, Arve Hanstveit, Hans Peter Michelet and Lenox Sharon E Smith. View Insider Buying and Selling for Energy Recovery.

ERII stock was bought by a variety of institutional investors in the last quarter, including Trigran Investments Inc., BlackRock Inc., Millennium Management LLC, Quantum Capital Management, SCP Investment LP, Dimensional Fund Advisors LP, SFE Investment Counsel and Cadence Capital Management LLC. Company insiders that have bought Energy Recovery stock in the last two years include Olav Fjell, Robert Yu Lang Mao and William Yeung. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of ERII stock can currently be purchased for approximately $9.12.

Energy Recovery has a market capitalization of $487.58 million and generates $63.16 million in revenue each year. The industrial products company earns $12.35 million in net income (profit) each year or $0.07 on an earnings per share basis. Energy Recovery employs 133 workers across the globe.

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]