CECO Environmental (CECO) Set to Announce Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect CECO Environmental to post earnings of $0.22 per share for the quarter. CECO Environmental has set its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. CECO Environmental had a return on equity of 12.35% and a net margin of 2.33%. The firm had revenue of $137.50 million during the quarter, compared to the consensus estimate of $143.33 million. During the same period in the prior year, the company earned $0.15 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. On average, analysts expect CECO Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CECO Environmental Stock Up 1.1 %

NASDAQ CECO opened at $26.77 on Friday. The business has a fifty day moving average price of $27.43 and a 200 day moving average price of $26.45. CECO Environmental has a one year low of $15.57 and a one year high of $31.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.36. The company has a market cap of $935.24 million, a P/E ratio of 76.49, a P/E/G ratio of 2.01 and a beta of 1.33.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were purchased at an average price of $28.77 per share, with a total value of $287,700.00. Following the purchase, the director now owns 62,000 shares in the company, valued at approximately $1,783,740. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 16.90% of the company’s stock.

Analyst Upgrades and Downgrades

CECO has been the subject of several analyst reports. Roth Mkm upped their target price on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC increased their price target on CECO Environmental from $34.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Craig Hallum increased 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. HC Wainwright increased their price target on CECO Environmental from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Northland Securities increased 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. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $34.80.

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.