Equities Analysts Offer Predictions for CECO Q1 Earnings

CECO Environmental Corp. (NASDAQ:CECO) – HC Wainwright reduced their Q1 2025 earnings per share (EPS) estimates for CECO Environmental in a note issued to investors on Wednesday, February 26th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.09 for the quarter, down from their prior forecast of $0.11. HC Wainwright has a “Neutral” rating on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.67 per share.

Several other research analysts have also commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of CECO Environmental in a research report on Wednesday. Craig Hallum lifted their price target on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Northland Securities lifted their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.20.

CECO Environmental Price Performance

NASDAQ:CECO opened at $25.18 on Thursday. The stock has a market cap of $880.77 million, a PE ratio of 76.31, a P/E/G ratio of 1.39 and a beta of 1.41. The business’s 50-day simple moving average is $28.51 and its two-hundred day simple moving average is $28.24. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. CECO Environmental has a 52 week low of $18.50 and a 52 week high of $35.16.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $158.60 million for the quarter, compared to analysts’ expectations of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.28 earnings per share.

Hedge Funds Weigh In On CECO Environmental

A number of large investors have recently made changes to their positions in CECO. First Horizon Advisors Inc. increased its position in shares of CECO Environmental by 71.6% during the third quarter. First Horizon Advisors Inc. now owns 1,416 shares of the company’s stock worth $40,000 after purchasing an additional 591 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of CECO Environmental during the fourth quarter worth $56,000. Quest Partners LLC acquired a new position in shares of CECO Environmental during the third quarter worth $69,000. Heck Capital Advisors LLC acquired a new position in shares of CECO Environmental during the fourth quarter worth $74,000. Finally, Morse Asset Management Inc acquired a new position in shares of CECO Environmental during the third quarter worth $76,000. 68.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman acquired 1,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the purchase, the director now directly owns 207,117 shares of the company’s stock, valued at approximately $5,208,992.55. This represents a 0.49 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is currently owned by insiders.

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.