CECO Environmental (CECO) to Release Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. CECO Environmental has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last issued its earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The company had revenue of $126.30 million for the quarter, compared to analyst estimates of $135.82 million. During the same period in the prior year, the firm earned $0.10 earnings per share. CECO Environmental’s revenue for the quarter was up 12.2% on a year-over-year basis. 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 Price Performance

Shares of NASDAQ:CECO opened at $30.23 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.38 and a debt-to-equity ratio of 0.53. CECO Environmental has a twelve month low of $11.46 and a twelve month high of $31.55. The stock’s 50 day moving average is $26.55 and its 200-day moving average is $23.53. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 86.37, a PEG ratio of 2.17 and a beta of 1.37.

Analysts Set New Price Targets

CECO has been the topic of a number of research reports. HC Wainwright reaffirmed a “buy” rating and set a $30.00 target price on shares of CECO Environmental in a research report on Wednesday, May 1st. Craig Hallum increased their price target on CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, Needham & Company LLC increased their price target on CECO Environmental from $26.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $29.00.

Insider Activity

In other CECO Environmental news, Director Richard F. Wallman bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $21.95 per share, with a total value of $109,750.00. Following the transaction, the director now directly owns 191,853 shares in the company, valued at approximately $4,211,173.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Richard F. Wallman purchased 5,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director now owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard F. Wallman purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were purchased at an average price of $24.50 per share, with a total value of $98,000.00. Following the purchase, the director now directly owns 205,319 shares in the company, valued at approximately $5,030,315.50. The disclosure for this purchase can be found here. Insiders own 16.90% of the company’s stock.

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.