Media coverage about Energy Recovery (NASDAQ:ERII) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Energy Recovery earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 47.0017782010311 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Analysts Issue Forecasts for Energy Recovery’s FY2019 Earnings (ERII) (americanbankingnews.com)
- Global Recyclable Thermoset Market: Focus on Technology: Mechanical Recycling, Energy Recovery, Feedstock Recycling & End-User Industry: Construction, Automotive, Power Generation, Electrical & Electronics, Others – Analysis & Forecast (2017-2026) (prnewswire.com)
- Stock to Buy But When? Energy Recovery, Inc. (ERII) (nysestocks.review)
- Global Energy Recovery Ventilation System Market 2018- Carrier , Johnson Controls, Daikin Industries, Trane, Nortek (nwctrail.com)
- Worldwide Energy Recovery Ventilation System Market by 2023 Production, Suppliers, Revenue, Companies, Regions (thetechnicalprogress.com)
Shares of ERII stock traded up $0.20 during trading hours on Thursday, hitting $8.76. 27,095 shares of the company were exchanged, compared to its average volume of 390,886. The company has a quick ratio of 4.32, a current ratio of 4.61 and a debt-to-equity ratio of 0.01. Energy Recovery has a 52 week low of $8.60 and a 52 week high of $8.70. The company has a market capitalization of $461.20 million, a price-to-earnings ratio of 124.86 and a beta of 5.33.
Energy Recovery (NASDAQ:ERII) last issued its quarterly earnings data on Thursday, May 3rd. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. Energy Recovery had a net margin of 22.35% and a return on equity of 6.13%. The company had revenue of $13.80 million during the quarter, compared to the consensus estimate of $16.08 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was down 4.8% compared to the same quarter last year. equities analysts expect that Energy Recovery will post 0.21 EPS for the current year.
Energy Recovery announced that its Board of Directors has initiated a stock buyback program on Thursday, March 8th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.
Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Energy Recovery from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. BidaskClub lowered shares of Energy Recovery from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Zacks Investment Research upgraded shares of Energy Recovery from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. B. Riley set a $20.00 target price on shares of Energy Recovery and gave the stock a “buy” rating in a report on Tuesday, March 27th. Finally, TheStreet upgraded shares of Energy Recovery from a “c” rating to a “b-” rating in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $15.00.
In related news, Director Arve Hanstveit sold 50,000 shares of the firm’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $8.57, for a total value of $428,500.00. Following the completion of the transaction, the director now owns 1,095,800 shares of the company’s stock, valued at $9,391,006. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 23.60% of the stock is owned by corporate insiders.
About Energy Recovery
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 worldwide. 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 low and high-pressure reverse osmosis systems.
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