Equities research analysts expect Energy Recovery, Inc. (NASDAQ:ERII) to report $0.04 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Energy Recovery’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.01. Energy Recovery reported earnings per share of $0.03 during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Energy Recovery will report full year earnings of $0.18 per share for the current financial year. For the next year, analysts expect that the company will post earnings of $0.48 per share, with EPS estimates ranging from $0.38 to $0.53. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Energy Recovery.

Energy Recovery (NASDAQ:ERII) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Energy Recovery had a return on equity of 10.72% and a net margin of 46.91%. The firm had revenue of $20.80 million during the quarter, compared to the consensus estimate of $16.39 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The business’s revenue was up 90.8% on a year-over-year basis.

ERII has been the subject of several recent analyst reports. ValuEngine raised Energy Recovery from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. BidaskClub downgraded Energy Recovery from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. B. Riley set a $20.00 price objective on Energy Recovery and gave the company a “buy” rating in a report on Monday, August 6th. TheStreet raised Energy Recovery from a “c” rating to a “b-” rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research downgraded Energy Recovery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $14.70.

In other news, VP Nocair Bensalah sold 78,244 shares of the stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $8.78, for a total value of $686,982.32. Following the completion of the sale, the vice president now owns 95,000 shares of the company’s stock, valued at approximately $834,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 23.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new stake in shares of Energy Recovery in the 3rd quarter valued at approximately $167,000. Millennium Management LLC acquired a new stake in shares of Energy Recovery in the 2nd quarter valued at approximately $1,041,000. SCP Investment LP boosted its holdings in shares of Energy Recovery by 24.3% in the 2nd quarter. SCP Investment LP now owns 248,600 shares of the industrial products company’s stock valued at $2,009,000 after buying an additional 48,600 shares during the last quarter. Quantum Capital Management acquired a new stake in shares of Energy Recovery in the 2nd quarter valued at approximately $521,000. Finally, Aristotle Atlantic Partners LLC acquired a new stake in shares of Energy Recovery in the 2nd quarter valued at approximately $121,000. 37.09% of the stock is owned by institutional investors.

NASDAQ:ERII traded up $0.39 during trading hours on Tuesday, reaching $8.22. 191,720 shares of the stock were exchanged, compared to its average volume of 349,350. Energy Recovery has a twelve month low of $6.17 and a twelve month high of $11.30. The company has a quick ratio of 4.26, a current ratio of 4.51 and a debt-to-equity ratio of 0.13. The company has a market cap of $479.54 million, a P/E ratio of 117.43 and a beta of 5.62.

About Energy Recovery

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.

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