What is HC Wainwright’s Estimate for CECO FY2024 Earnings?

CECO Environmental Corp. (NASDAQ:CECO) – Research analysts at HC Wainwright dropped their FY2024 earnings per share estimates for shares of CECO Environmental in a research report issued on Wednesday, October 30th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of $0.77 for the year, down from their prior estimate of $0.96. HC Wainwright has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.93 per share. HC Wainwright also issued estimates for CECO Environmental’s Q2 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.64 EPS.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $135.50 million during the quarter, compared to analysts’ expectations of $155.94 million. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS.

Several other research analysts have also commented on the company. Roth Mkm lifted their price target on CECO Environmental from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Northland Securities lifted their price target on CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Craig Hallum lifted their price target on CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC reduced their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $34.40.

CECO Environmental Stock Down 3.2 %

NASDAQ CECO opened at $23.80 on Thursday. CECO Environmental has a 52 week low of $15.65 and a 52 week high of $31.55. The company has a quick ratio of 1.17, a current ratio of 1.36 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $27.18 and its 200-day simple moving average is $26.46. The firm has a market cap of $832.07 million, a PE ratio of 72.12, a P/E/G ratio of 2.01 and a beta of 1.33.

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average cost of $28.77 per share, with a total value of $287,700.00. Following the transaction, the director now owns 62,000 shares of the company’s stock, valued at $1,783,740. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Institutional Trading of CECO Environmental

A number of hedge funds and other institutional investors have recently modified their holdings of CECO. CWM LLC grew its position in CECO Environmental by 45.3% in the 2nd quarter. CWM LLC now owns 2,270 shares of the company’s stock valued at $65,000 after acquiring an additional 708 shares in the last quarter. EntryPoint Capital LLC acquired a new position in CECO Environmental in the 1st quarter valued at about $72,000. Eastern Bank acquired a new position in CECO Environmental in the 3rd quarter valued at about $113,000. SG Americas Securities LLC acquired a new position in CECO Environmental in the 2nd quarter valued at about $201,000. Finally, Kessler Investment Group LLC grew its position in CECO Environmental by 27.8% in the 2nd quarter. Kessler Investment Group LLC now owns 7,166 shares of the company’s stock valued at $207,000 after acquiring an additional 1,560 shares in the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.