Northland Capmk Issues Optimistic Outlook for CECO Earnings

CECO Environmental Corp. (NASDAQ:CECO) – Analysts at Northland Capmk boosted their Q1 2025 earnings estimates for CECO Environmental in a report issued on Wednesday, January 22nd. Northland Capmk analyst B. Brooks now expects that the company will earn $0.19 per share for the quarter, up from their prior forecast of $0.18. The consensus estimate for CECO Environmental’s current full-year earnings is $0.74 per share. Northland Capmk also issued estimates for CECO Environmental’s Q3 2025 earnings at $0.30 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $1.31 EPS.

CECO Environmental (NASDAQ:CECO) last announced its earnings results 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 company had revenue of $135.50 million for the quarter, compared to analysts’ expectations of $155.94 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. CECO Environmental’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share.

A number of other research firms also recently issued reports on CECO. Needham & Company LLC cut their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. HC Wainwright lowered shares of CECO Environmental from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Northland Securities increased their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Craig Hallum boosted their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Stock Down 4.0 %

CECO Environmental stock opened at $29.56 on Thursday. CECO Environmental has a one year low of $18.50 and a one year high of $35.16. The stock has a fifty day moving average of $30.98 and a 200 day moving average of $28.65. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.30. The stock has a market cap of $1.03 billion, a PE ratio of 89.58, a price-to-earnings-growth ratio of 1.78 and a beta of 1.43.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently modified their holdings of the company. Essex Investment Management Co. LLC lifted its position in shares of CECO Environmental by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 208,426 shares of the company’s stock valued at $5,878,000 after acquiring an additional 562 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in CECO Environmental by 71.6% in the 3rd 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. Private Advisor Group LLC boosted its stake in CECO Environmental by 5.8% in the 3rd quarter. Private Advisor Group LLC now owns 16,065 shares of the company’s stock worth $453,000 after purchasing an additional 885 shares during the period. Quest Partners LLC purchased a new stake in CECO Environmental during the 3rd quarter valued at approximately $69,000. Finally, Morse Asset Management Inc bought a new stake in shares of CECO Environmental during the third quarter valued at approximately $76,000. 68.08% of the stock is currently owned by institutional investors.

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.