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

$8.82
+0.08 (+0.92 %)
(As of 08/18/2019 11:00 AM ET)
Today's Range
$8.79
Now: $8.82
$9.05
50-Day Range
$8.86
MA: $10.63
$11.90
52-Week Range
$6.17
Now: $8.82
$12.04
Volume289,600 shs
Average Volume250,630 shs
Market Capitalization$484.84 million
P/E Ratio38.00
Dividend YieldN/A
Beta4.32
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$0.2841 per share
Book Value$2.32 per share

Profitability

Net Income$22.09 million

Miscellaneous

Employees143
Market Cap$484.84 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 announced that its board has approved a stock buyback program on Friday, March 9th 2018, which authorizes the company to repurchase $10,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs 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, August, 1st. The industrial products company reported $0.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.02. The industrial products company earned $22.80 million during the quarter, compared to analysts' expectations of $20.53 million. Energy Recovery had a net margin of 20.21% and a return on equity of 10.89%. The company's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. 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 brokers have issued 12-month target prices for Energy Recovery's stock. Their forecasts range from $13.00 to $18.00. On average, they expect Energy Recovery's share price to reach $15.3333 in the next year. This suggests a possible upside of 73.8% 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?

News coverage about ERII stock has been trending negative this week, according to InfoTrie. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. 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 -2.3 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Energy Recovery.

Are investors shorting Energy Recovery?

Energy Recovery saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 5,228,000 shares, a decline of 6.7% from the June 30th total of 5,602,300 shares. Based on an average trading volume of 205,300 shares, the short-interest ratio is currently 25.5 days. Currently, 16.6% 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), FireEye (FEYE), NVIDIA (NVDA), Novavax (NVAX), Innovative Industrial Properties (IIPR), 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 retail and institutional 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, Olav Fjell 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 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 major investors are buying Energy Recovery stock?

ERII stock was purchased by a variety of institutional investors in the last quarter, including KBC Group NV, Bank of New York Mellon Corp, Morgan Stanley, BlackRock Inc., Essex Investment Management Co. LLC, Yaupon Capital Management LP, Trigran Investments Inc. and Alambic Investment Management L.P.. 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 $8.82.

How big of a company is Energy Recovery?

Energy Recovery has a market capitalization of $484.84 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:  274 (Vote Outperform)
Underperform Votes:  350 (Vote Underperform)
Total Votes:  624
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 8/18/2019 by MarketBeat.com Staff

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