Energy Recovery, Inc. (NASDAQ:ERII) will post its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Energy Recovery to post earnings of $0.34 per share for the quarter.

Energy Recovery (NASDAQ:ERII) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $12.20 million during the quarter, compared to the consensus estimate of $14.99 million. Energy Recovery had a net margin of 3.07% and a return on equity of 2.43%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. On average, analysts expect Energy Recovery to post $0.28 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.

Energy Recovery, Inc. (NASDAQ ERII) opened at 8.09 on Tuesday. The firm has a market capitalization of $433.43 million, a P/E ratio of 278.97 and a beta of 5.54. Energy Recovery, Inc. has a 52-week low of $6.13 and a 52-week high of $13.80. The company’s 50-day moving average is $7.57 and its 200-day moving average is $7.62.

In related news, Director Olav Fjell acquired 18,000 shares of Energy Recovery stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $7.08 per share, for a total transaction of $127,440.00. Following the completion of the purchase, the director now directly owns 18,000 shares of the company’s stock, valued at $127,440. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 23.60% of the stock is owned by company insiders.

ERII has been the topic of several research reports. BidaskClub raised shares of Energy Recovery from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Energy Recovery from a “sell” rating to a “hold” rating in a report on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $17.00 target price (down previously from $20.00) on shares of Energy Recovery in a report on Wednesday, August 9th. FBR & Co set a $16.00 target price on shares of Energy Recovery and gave the company a “buy” rating in a report on Monday, August 28th. Finally, JMP Securities assumed coverage on shares of Energy Recovery in a report on Tuesday, September 5th. They issued an “outperform” rating and a $12.00 target price on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.57.

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About Energy Recovery

Energy Recovery, Inc is an energy solutions provider to industrial fluid flow markets. The Company’s solutions convert wasted pressure energy into a reusable asset and preserve or eliminate pumping technology in hostile processing environments. Its segments include Water, Oil & Gas, and Corporate. The Water Segment focuses on products sold for use in reverse osmosis water desalination.

Earnings History for Energy Recovery (NASDAQ:ERII)

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