Q4 EPS Forecast for CECO Environmental Lowered by Analyst

CECO Environmental Corp. (NASDAQ:CECO) – Analysts at Roth Capital cut their Q4 2024 EPS estimates for CECO Environmental in a research report issued on Wednesday, October 30th. Roth Capital analyst G. Sweeney now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their prior estimate of $0.37. The consensus estimate for CECO Environmental’s current full-year earnings is $0.82 per share. Roth Capital also issued estimates for CECO Environmental’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.36 EPS and Q4 2025 earnings at $0.48 EPS.

CECO has been the topic of several other research reports. HC Wainwright restated a “buy” rating and issued a $35.00 target price on shares of CECO Environmental in a research note on Wednesday. Craig Hallum boosted their price objective on shares of CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC reduced their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday. Roth Mkm lifted their price target on shares of CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Northland Securities increased their price objective on shares of CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $34.40.

CECO Environmental Stock Performance

Shares of CECO Environmental stock opened at $23.47 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.17. The firm has a market cap of $820.98 million, a price-to-earnings ratio of 71.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. The stock’s 50-day moving average is $27.08 and its 200-day moving average is $26.47. CECO Environmental has a one year low of $15.65 and a one year high of $31.55.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). The company had revenue of $135.50 million during the quarter, compared to the consensus estimate of $155.94 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share.

Insider Activity

In other news, Director Richard F. Wallman bought 10,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were bought at an average cost of $28.77 per share, with a total value of $287,700.00. Following the acquisition, the director now owns 62,000 shares in the company, valued at $1,783,740. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 16.90% of the company’s stock.

Institutional Investors Weigh In On CECO Environmental

Large investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. acquired a new position in shares of CECO Environmental in the first quarter valued at $379,000. Precision Wealth Strategies LLC acquired a new position in CECO Environmental in the 1st quarter valued at about $255,000. BNP Paribas Financial Markets raised its holdings in CECO Environmental by 247.5% in the 1st quarter. BNP Paribas Financial Markets now owns 44,520 shares of the company’s stock valued at $1,025,000 after acquiring an additional 31,707 shares during the period. Essex Investment Management Co. LLC lifted its position in CECO Environmental by 1.6% during the first quarter. Essex Investment Management Co. LLC now owns 205,982 shares of the company’s stock worth $4,742,000 after acquiring an additional 3,147 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of CECO Environmental during the first quarter worth approximately $366,000. Institutional investors own 68.08% of the company’s stock.

CECO Environmental Company Profile

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.