Energy Recovery, Inc. (ERII)
Market Cap | 1.23B |
Revenue (ttm) | 125.59M |
Net Income (ttm) | 24.05M |
Shares Out | 56.28M |
EPS (ttm) | 0.42 |
PE Ratio | 52.14 |
Forward PE | n/a |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 163,548 |
Open | 22.07 |
Previous Close | 21.87 |
Day's Range | 21.72 - 22.27 |
52-Week Range | 16.92 - 26.34 |
Beta | 1.16 |
Analysts | Buy |
Price Target | 25.25 (+15.3%) |
Earnings Date | May 3, 2023 |
About ERII
Energy Recovery, Inc., together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services. The company also offers a solution to reduce e... [Read more]
Financial Performance
In 2022, ERII's revenue was $125.59 million, an increase of 20.87% compared to the previous year's $103.90 million. Earnings were $24.05 million, an increase of 68.54%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for ERII stock is "Buy." The 12-month stock price forecast is $25.25, which is an increase of 15.30% from the latest price.
News

New Strong Buy Stocks for February 23rd (Revised)
TT, HSIC, SONY, LYV and ERII have been added to the Zacks Rank #1 (Strong Buy) List on February 23, 2023

3 Top Pollution Control Stocks to Gain From the Buoyancy in the Industry
Amid strict government actions on pollution control, strong demand for pollution abatement products favors the Zacks Pollution Control industry's near-term outlook. TTEK, ERII and VTNR are poised to c...

Energy Recovery's PX G1300 Technology Unveiled as Key Component in Epta Group's Next-Generation CO2 Refrigeration System
SAN LEANDRO, CA / ACCESSWIRE / February 27, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced its PX G1300™ energy recovery device is a featured component in Epta Group (Epta)'s next-generat...

New Strong Buy Stocks for February 23rd
TT, HSIC, SONY, LYV and ERII have been added to the Zacks Rank #1 (Strong Buy) List on February 23, 2023.

Energy Recovery (ERII) Beats Q4 Earnings and Revenue Estimates
Energy Recovery (ERII) delivered earnings and revenue surprises of 52.94% and 3.29%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery Announces PX G1300 Exclusive Distribution Agreement for the Benelux Region with European Refrigeration Company Fieuw Koeltechniek
Signing Celebration to be Held at EuroShop 2023 Trade Fair SAN LEANDRO, CA and ROESELARE, BELGIUM / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced the appointmen...

Energy Recovery Reports Record Q4 Revenue, 75% Annual Earnings Per Share Growth
SAN LEANDRO, CA / ACCESSWIRE / February 22, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the fourth quarter ended December ...

7 Overlooked Stocks That Could be the Next Big Thing
While the equities sector still trends in a recovery mode from last year's fallout, investors may want to spare some speculation funds toward overlooked stocks to buy. These enterprises might not get ...

Energy Recovery Receives SWRO Contracts Totaling Over $9 Million in Asia
SAN LEANDRO, CA / ACCESSWIRE / February 16, 2023 / Energy Recovery, Inc.® (NASDAQ:ERII) today announced a set of contracts totaling over $9 million to supply its PX® Pressure Exchanger® energy recover...

Energy Recovery to Host Full Year and Fourth Quarter 2022 Financial Results Conference Call on February 22, 2023
SAN LEANDRO, CA / ACCESSWIRE / January 23, 2023 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the year and quarterly period ending December 31, 2022, ...

Energy Recovery (ERII) Q3 Earnings Match Estimates
Energy Recovery (ERII) delivered earnings and revenue surprises of 0% and 10.41%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery Reports 47% Quarterly Product Revenue Growth in Third Quarter
SAN LEANDRO, CA / ACCESSWIRE / November 2, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the third quarter ended September 3...

Energy Recovery to Host Third Quarter 2022 Financial Results Conference Call on November 2, 2022
SAN LEANDRO, CA / ACCESSWIRE / October 4, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending September 30, 2022, and host ...

Energy Recovery's ESG Report Showcases Products to Drive Decarbonization in Critical Industries at Lower Cost
Highlights: Energy Recovery's newly released ESG report discloses nearly $4 billion saved in energy costs and 14.5 million metric tons of emissions avoided annually for its customers. The company's pr...

Energy Recovery Awarded Over $12.6M in SWRO Contracts in North Africa
SAN LEANDRO, CA / ACCESSWIRE / September 1, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced a slate of contract awards totaling more than $12.6 million to supply its PX® Pressure Exchanger®...

Will Energy Recovery (ERII) Gain on Rising Earnings Estimates?
Energy Recovery (ERII) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 Top Stocks From the Thriving Pollution Control Industry
Strong demand for emission-abatement products, owing to growing industrialization, bodes well for the Zacks Pollution Control industry's near-term performance. CWST, ERII, HCCI and CECE are poised to ...

Here's Why Energy Recovery (ERII) is a Great Momentum Stock to Buy
Does Energy Recovery (ERII) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Energy Recovery (ERII) a New Buy Stock
Energy Recovery (ERII) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Energy Recovery (ERII) Reports Break-Even Earnings for Q2
Energy Recovery (ERII) delivered earnings and revenue surprises of 100% and 24.84%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Energy Recovery Announces Second Quarter 2022 Financial Results and Commissioning of the First PX G1300(TM) for CO2 Refrigeration
SAN LEANDRO, CA / ACCESSWIRE / August 3, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) ("Energy Recovery" or the "Company") today announced its financial results for the second quarter ended June 30, 202...

Earnings Preview: Energy Recovery (ERII) Q2 Earnings Expected to Decline
Energy Recovery (ERII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Energy Recovery Announces Second Quarter 2022 Financial Results Conference Call
SAN LEANDRO, CA / ACCESSWIRE / July 11, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced it will release its financial results for the quarterly period ending June 30, 2022, and host a confe...

Energy Recovery Awarded Over $8.2 Million in SWRO Contracts in Asia
SAN LEANDRO, CA / ACCESSWIRE / June 14, 2022 / Energy Recovery, Inc. (NASDAQ:ERII) today announced three contract awards totaling over $8.2 million to supply its PX® Pressure Exchanger® energy recover...

Has Energy Recovery (ERII) Outpaced Other Industrial Products Stocks This Year?
Here is how Energy Recovery (ERII) and Mitsui & Co. (MITSY) have performed compared to their sector so far this year.