Energy Recovery (NASDAQ:ERII) posted its quarterly earnings data on Thursday. The industrial products company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02, Bloomberg Earnings reports. The company had revenue of $22.80 million for the quarter, compared to analyst estimates of $20.53 million. Energy Recovery had a return on equity of 11.72% and a net margin of 39.35%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share.
Shares of ERII stock traded up $0.26 on Friday, reaching $11.16. 433,898 shares of the stock were exchanged, compared to its average volume of 182,733. The company has a market capitalization of $598.18 million, a PE ratio of 55.80 and a beta of 4.32. Energy Recovery has a one year low of $6.17 and a one year high of $12.04. The company has a current ratio of 4.85, a quick ratio of 4.55 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average price is $10.68.
In other news, Director Hans Peter Michelet sold 99,014 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $10.73, for a total transaction of $1,062,420.22. Following the completion of the sale, the director now owns 18,365 shares in the company, valued at $197,056.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Rodney Clemente sold 36,946 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $11.92, for a total value of $440,396.32. Following the sale, the vice president now owns 81,299 shares of the company’s stock, valued at approximately $969,084.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 338,963 shares of company stock valued at $3,632,801. 23.80% of the stock is currently owned by corporate insiders.
Energy Recovery Company Profile
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.
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