Equities research analysts forecast that Energy Recovery, Inc. (NASDAQ:ERII) will report earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Energy Recovery’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. Energy Recovery posted earnings of ($0.01) per share during the same quarter last year, which suggests a positive year over year growth rate of 600%. The company is expected to report its next quarterly earnings results on Thursday, March 4th.

According to Zacks, analysts expect that Energy Recovery will report full-year earnings of $0.49 per share for the current fiscal year, with EPS estimates ranging from $0.48 to $0.50. For the next financial year, analysts expect that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.12 to $0.23. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Energy Recovery.

Energy Recovery (NASDAQ:ERII) last issued its earnings results on Thursday, October 29th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.07. The firm had revenue of $27.41 million during the quarter, compared to analyst estimates of $24.12 million. Energy Recovery had a net margin of 20.61% and a return on equity of 16.23%.

A number of equities analysts have commented on ERII shares. Evercore ISI upgraded shares of Energy Recovery from an “in-line” rating to an “outperform” rating in a report on Monday, January 4th. Zacks Investment Research upgraded shares of Energy Recovery from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Monday, November 2nd. Finally, Raymond James increased their price target on shares of Energy Recovery from $11.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, January 8th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Energy Recovery presently has an average rating of “Buy” and an average price target of $12.17.

NASDAQ:ERII traded up $0.43 during mid-day trading on Monday, reaching $14.55. The company’s stock had a trading volume of 1,911 shares, compared to its average volume of 357,520. Energy Recovery has a 1 year low of $6.11 and a 1 year high of $15.25. The stock has a fifty day moving average of $12.88 and a 200-day moving average of $9.66. The firm has a market capitalization of $816.26 million, a PE ratio of 35.30 and a beta of 1.31.

In related news, Director Sherif Foda sold 16,726 shares of the stock in a transaction on Wednesday, December 9th. The stock was sold at an average price of $11.90, for a total value of $199,039.40. Following the completion of the transaction, the director now directly owns 16,726 shares of the company’s stock, valued at approximately $199,039.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Alexander J. Buehler sold 50,000 shares of the stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $10.28, for a total value of $514,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares of the company’s stock, valued at $102,800. The disclosure for this sale can be found here. Over the last three months, insiders sold 101,226 shares of company stock valued at $1,186,379. 17.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of ERII. Marshall Wace LLP purchased a new stake in shares of Energy Recovery in the first quarter valued at $308,000. First Trust Advisors LP increased its stake in Energy Recovery by 23.3% in the first quarter. First Trust Advisors LP now owns 533,469 shares of the industrial products company’s stock valued at $4,657,000 after purchasing an additional 100,752 shares during the last quarter. California Public Employees Retirement System increased its stake in Energy Recovery by 16.7% in the second quarter. California Public Employees Retirement System now owns 76,700 shares of the industrial products company’s stock valued at $583,000 after purchasing an additional 11,000 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Energy Recovery in the second quarter valued at $113,000. Finally, Bank of Montreal Can increased its stake in Energy Recovery by 10,544.7% in the second quarter. Bank of Montreal Can now owns 24,270 shares of the industrial products company’s stock valued at $167,000 after purchasing an additional 24,042 shares during the last quarter. 38.32% of the stock is owned by institutional investors and hedge funds.

About Energy Recovery

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and markets various solutions for industrial fluid flow markets worldwide. The company operates through Water, and Oil & Gas segments. The Water segment designs, engineers, manufactures, and supplies various energy recovery devices (ERDs), including positive displacement isobaric ERDs and centrifugal-type ERDs; manufactures and supplies specialized high-pressure feed and circulation pumps that are used in the reverse osmosis desalination process; and provides various spare parts and repair, and field services, as well as engages in the various commissioning activities.

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