Seaport Res Ptn Comments on Energy Recovery Q1 Earnings

Energy Recovery, Inc. (NASDAQ:ERII) – Seaport Res Ptn issued their Q1 2027 earnings per share (EPS) estimates for Energy Recovery in a report issued on Tuesday, November 11th. Seaport Res Ptn analyst J. Campbell expects that the industrial products company will post earnings of ($0.08) per share for the quarter. The consensus estimate for Energy Recovery’s current full-year earnings is $0.36 per share. Seaport Res Ptn also issued estimates for Energy Recovery’s Q2 2027 earnings at $0.12 EPS, Q3 2027 earnings at $0.22 EPS and FY2027 earnings at $0.96 EPS.

Energy Recovery (NASDAQ:ERII) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $32.00 million for the quarter, compared to the consensus estimate of $29.94 million. Energy Recovery had a return on equity of 11.67% and a net margin of 17.02%. Energy Recovery has set its FY 2025 guidance at EPS.

Other equities research analysts also recently issued reports about the company. CJS Securities started coverage on Energy Recovery in a report on Tuesday, September 16th. They issued a “market outperform” rating and a $19.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Energy Recovery in a research report on Tuesday, October 14th. B. Riley reaffirmed a “neutral” rating on shares of Energy Recovery in a research report on Thursday, November 6th. Finally, Loop Capital set a $18.20 price objective on shares of Energy Recovery in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $18.64.

Energy Recovery Price Performance

NASDAQ:ERII traded up $0.05 during mid-day trading on Wednesday, reaching $14.10. The stock had a trading volume of 11,397 shares, compared to its average volume of 436,474. The stock’s 50 day simple moving average is $15.65 and its two-hundred day simple moving average is $14.17. Energy Recovery has a 1-year low of $10.86 and a 1-year high of $19.82. The company has a market capitalization of $746.91 million, a price-to-earnings ratio of 33.49 and a beta of 1.10.

Institutional Investors Weigh In On Energy Recovery

A number of institutional investors have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in shares of Energy Recovery during the 1st quarter valued at $430,000. Y Intercept Hong Kong Ltd bought a new position in shares of Energy Recovery during the 1st quarter valued at about $443,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Energy Recovery in the 1st quarter worth approximately $379,000. XTX Topco Ltd bought a new stake in shares of Energy Recovery in the 1st quarter worth approximately $374,000. Finally, Raiffeisen Bank International AG lifted its stake in Energy Recovery by 4.3% during the first quarter. Raiffeisen Bank International AG now owns 245,000 shares of the industrial products company’s stock valued at $3,908,000 after purchasing an additional 10,000 shares during the last quarter. 83.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider William Yeung sold 33,554 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $14.51, for a total value of $486,868.54. Following the completion of the sale, the insider directly owned 97,369 shares of the company’s stock, valued at approximately $1,412,824.19. This represents a 25.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 72,333 shares of company stock worth $1,122,195. 3.20% of the stock is currently owned by company insiders.

About Energy Recovery

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells energy efficiency technology solutions in the Americas, the Middle East, Africa, Asia, and Europe. The company operates through Water and Emerging Technologies segments. The company offers high and low pressure, and ultra pressure exchangers; AT and LPT hydraulic turbochargers; and high-pressure feed and circulation booster pumps for use in seawater and brackish desalination, and wastewater treatment.