CECO Environmental (NASDAQ:CECO) Announces Quarterly Earnings Results

CECO Environmental (NASDAQ:CECO) announced its quarterly earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.35), FiscalAI reports. The company had revenue of $214.69 million for the quarter, compared to analyst estimates of $205.39 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. CECO Environmental’s revenue was up 35.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $77.68 on Tuesday. CECO Environmental has a 52 week low of $17.57 and a 52 week high of $81.72. The company has a fifty day simple moving average of $67.10 and a two-hundred day simple moving average of $56.15. The company has a quick ratio of 1.13, a current ratio of 1.33 and a debt-to-equity ratio of 0.70. The company has a market cap of $2.77 billion, a price-to-earnings ratio of 55.09 and a beta of 1.38.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of CECO Environmental from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Zacks Research upgraded CECO Environmental from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “buy (b-)” rating on shares of CECO Environmental in a research report on Wednesday, January 21st. Finally, Northland Securities lifted their price objective on CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Wednesday, December 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CECO. T. Rowe Price Investment Management Inc. increased its stake in shares of CECO Environmental by 104.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 718,992 shares of the company’s stock worth $43,032,000 after buying an additional 366,611 shares during the period. Invesco Ltd. increased its position in shares of CECO Environmental by 217.1% in the 4th quarter. Invesco Ltd. now owns 135,511 shares of the company’s stock valued at $8,110,000 after purchasing an additional 92,772 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of CECO Environmental in the 4th quarter valued at $6,261,000. Twinbeech Capital LP purchased a new stake in shares of CECO Environmental during the 4th quarter worth $772,000. Finally, Osterweis Capital Management Inc. grew its stake in shares of CECO Environmental by 6.5% during the fourth quarter. Osterweis Capital Management Inc. now owns 223,682 shares of the company’s stock worth $13,387,000 after purchasing an additional 13,650 shares in the last quarter. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Company Profile

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.