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

$10.19
+0.12 (+1.19 %)
(As of 09/16/2019 11:15 AM ET)
Today's Range
$9.93
Now: $10.19
$10.29
50-Day Range
$8.73
MA: $9.81
$11.32
52-Week Range
$6.17
Now: $10.19
$12.04
Volume3,081 shs
Average Volume261,380 shs
Market Capitalization$560.14 million
P/E Ratio50.90
Dividend YieldN/A
Beta4.39
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. Read More…

Industry, Sector and Symbol

Industry Special industry machinery, not elsewhere classified
Sub-IndustryIndustrial Machinery
SectorIndustrial Products
Current SymbolNASDAQ:ERII
CUSIP29270J10
Phone510-483-7370

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$74.51 million
Cash Flow$0.2666 per share
Book Value$2.11 per share

Profitability

Net Income$22.09 million

Miscellaneous

Employees143
Market Cap$560.14 million
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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 has authorized a share buyback program on Friday, March 9th 2018, which authorizes the company to buyback $10,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

How were Energy Recovery's earnings last quarter?

Energy Recovery, Inc. (NASDAQ:ERII) released its quarterly earnings data on Thursday, August, 1st. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.02. The industrial products company had revenue of $22.80 million for the quarter, compared to analyst estimates of $20.53 million. Energy Recovery had a net margin of 20.21% and a return on equity of 10.89%. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. View Energy Recovery's Earnings History.

When is Energy Recovery's next earnings date?

Energy Recovery is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Energy Recovery.

What price target have analysts set for ERII?

4 analysts have issued 1-year target prices for Energy Recovery's shares. Their forecasts range from $13.00 to $18.00. On average, they anticipate Energy Recovery's stock price to reach $15.3333 in the next twelve months. This suggests a possible upside of 50.5% 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.

What are Wall Street analysts saying about Energy Recovery stock?

Here are some recent quotes from research analysts about Energy Recovery stock:
  • 1. 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)
  • 2. 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. " (8/6/2019)

Has Energy Recovery been receiving favorable news coverage?

Headlines about ERII stock have trended somewhat positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Energy Recovery earned a media sentiment score of 0.9 on InfoTrie's scale. They also assigned news coverage about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Energy Recovery.

Are investors shorting Energy Recovery?

Energy Recovery saw a increase in short interest in August. As of August 31st, there was short interest totalling 5,529,100 shares, an increase of 5.8% from the July 31st total of 5,228,000 shares. Based on an average daily volume of 215,600 shares, the days-to-cover ratio is currently 25.6 days. Currently, 16.7% of the shares of the company are sold short. View Energy Recovery's Current Options Chain.

Who are some of Energy Recovery's key competitors?

What other stocks do shareholders of Energy Recovery own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Energy Recovery investors own include Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), NVIDIA (NVDA), FireEye (FEYE), Innovative Industrial Properties (IIPR), Novavax (NVAX), Inovio Pharmaceuticals (INO), Callon Petroleum (CPE) and Baidu (BIDU).

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 a variety of of institutional and retail investors. Top institutional investors include Trigran Investments Inc. (5.73%), BlackRock Inc. (4.58%), Vanguard Group Inc. (3.38%), Avenir Corp (1.47%), First Trust Advisors LP (1.03%) and Cortina Asset Management LLC (0.99%). Company insiders that own Energy Recovery stock include Andrew B Stroud Jr, Arve Hanstveit, Emily Smith, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah and Rodney Clemente. 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 JPMorgan Chase & Co., Invesco Ltd., Bank of Montreal Can, Cadence Capital Management LLC, Vanguard Group Inc., Avenir Corp, Parametric Portfolio Associates LLC and Swiss National Bank. Company insiders that have sold Energy Recovery company stock in the last year include Arve Hanstveit, Emily Smith, Hans Peter Michelet, Lenox Sharon E Smith, Nocair Bensalah and Rodney Clemente. 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 River & Mercantile Asset Management LLP, River & Mercantile Asset Management LLP, KBC Group NV, Bank of New York Mellon Corp, Morgan Stanley, BlackRock Inc., Yaupon Capital Management LP and Trigran Investments Inc.. 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, Robinhood, Fidelity and Charles Schwab.

What is Energy Recovery's stock price today?

One share of ERII stock can currently be purchased for approximately $10.19.

How big of a company is Energy Recovery?

Energy Recovery has a market capitalization of $560.14 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?

The official website for Energy Recovery is http://www.energyrecovery.com/.

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)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  277 (Vote Outperform)
Underperform Votes:  356 (Vote Underperform)
Total Votes:  633
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.
This page was last updated on 9/16/2019 by MarketBeat.com Staff

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