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 worldwide. 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 low and high-pressure reverse osmosis systems. The company also provides VorTeq solutions for hydraulic fracturing applications; MTeq solutions for mud pumping applications; IsoBoost systems, such as hydraulic turbo chargers, and related controls and automation systems; and IsoGen systems, including hydraulic turbines, and related controls and automation systems. It serves engineering, procurement, and construction (EPC) firms that design and build large desalination plants; original equipment manufacturers; oil companies; exploration and production companies; oilfield service companies; and EPC firms, which design and build oil and gas processing plants. The company markets its products through its direct sales channels and independent sales agents. Energy Recovery, Inc. was founded in 1992 and is headquartered in San Leandro, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Special industry machinery, not elsewhere classified
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNASDAQ:ERII
Previous Symbol
CUSIP29270J10
Phone510-483-7370
Debt
Debt-to-Equity Ratio0.12
Current Ratio4.22
Quick Ratio3.99
Price-To-Earnings
Trailing P/E Ratio104.29
Forward P/E Ratio36.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$63.16 million
Price / Sales6.23
Cash Flow$0.1507 per share
Price / Cash Flow48.44
Book Value$1.54 per share
Price / Book4.74
Profitability
EPS (Most Recent Fiscal Year)$0.07
Net Income$12.35 million
Net Margins48.60%
Return on Equity12.63%
Return on Assets7.24%
Miscellaneous
Employees133
Outstanding Shares53,860,000
Market Cap$393.19 million
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 declared that its Board of Directors has authorized a stock buyback plan on Friday, March 9th 2018, which authorizes the company to repurchase $10,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.
How were Energy Recovery's earnings last quarter?
Energy Recovery, Inc. (NASDAQ:ERII) announced its quarterly earnings results on Friday, November, 2nd. The industrial products company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.03. The industrial products company earned $22.20 million during the quarter, compared to analyst estimates of $20.63 million. Energy Recovery had a return on equity of 12.63% and a net margin of 48.60%. The firm's revenue was up 29.8% compared to the same quarter last year. During the same period last year, the business posted $0.03 EPS. View Energy Recovery's Earnings History.
When is Energy Recovery's next earnings date?
What price target have analysts set for ERII?
4 Wall Street analysts have issued twelve-month price objectives for Energy Recovery's stock. Their forecasts range from $13.00 to $20.00. On average, they expect Energy Recovery's share price to reach $15.6667 in the next twelve months. This suggests a possible upside of 114.6% 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 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Energy Recovery.
Has Energy Recovery been receiving favorable news coverage?
News stories about ERII stock have trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Energy Recovery earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned press coverage about the industrial products company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
Who are some of Energy Recovery's key competitors?
Who are Energy Recovery's key executives?
Energy Recovery's management team includes the folowing people:
- Mr. Joel Gay, CEO, Pres & Director (Age 40)
- Mr. Chris M. Gannon, Pres, CEO & Director (Age 46)
- Mr. Nocair Bensalah, VP of Operations (Age 49)
- Mr. Rodney Clemente, VP of Water (Age 38)
- Mr. Eric O. Siebert, VP of Oil & Gas (Age 39)
Who are Energy Recovery's major shareholders?
Energy Recovery's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.60%), Vanguard Group Inc. (3.08%), Vanguard Group Inc (3.08%), Trigran Investments Inc. (1.52%), Sandia Holdings LLC (1.26%) and Heartland Advisors Inc. (0.93%). Company insiders that own Energy Recovery stock include Andrew B Stroud Jr, Arve Hanstveit, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah, Olav Fjell, Robert Yu Lang Mao and William Yeung. View Institutional Ownership Trends for Energy Recovery.
Which institutional investors are selling Energy Recovery stock?
ERII stock was sold by a variety of institutional investors in the last quarter, including Heartland Advisors Inc., Sandia Holdings LLC, First Trust Advisors LP, SCP Investment LP, Crestline Management LP, Morgan Stanley, Credit Suisse AG and NJ State Employees Deferred Compensation Plan. Company insiders that have sold Energy Recovery company stock in the last year include Arve Hanstveit, Hans Peter Michelet and Nocair Bensalah. View Insider Buying and Selling for Energy Recovery.
Which institutional investors are buying Energy Recovery stock?
ERII stock was acquired by a variety of institutional investors in the last quarter, including Trigran Investments Inc., Quantum Capital Management, Alps Advisors Inc., Cadence Capital Management LLC, Dynamic Technology Lab Private Ltd, JPMorgan Chase & Co., Mainstay Capital Management LLC ADV and Manchester 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.
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, Scottrade, Fidelity and Charles Schwab.
What is Energy Recovery's stock price today?
One share of ERII stock can currently be purchased for approximately $7.30.
How big of a company is Energy Recovery?
Energy Recovery has a market capitalization of $393.19 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.
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.
