CECO Environmental (CECO) to Release Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. CECO Environmental had a return on equity of 11.57% and a net margin of 2.37%. The company had revenue of $153.71 million during the quarter, compared to analysts’ expectations of $149.10 million. During the same period in the previous year, the firm posted $0.21 earnings per share. 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 Performance

NASDAQ CECO opened at $23.17 on Tuesday. CECO Environmental has a fifty-two week low of $10.68 and a fifty-two week high of $24.43. The stock has a market cap of $807.94 million, a price-to-earnings ratio of 62.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. The business has a fifty day moving average of $22.16 and a 200-day moving average of $19.99. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HC Wainwright upped their target price on CECO Environmental from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Northland Securities upped their target price on CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Roth Mkm upped their target price on CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Finally, Needham & Company LLC upped their target price on CECO Environmental from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $26.50.

Insider Buying and Selling at CECO Environmental

In related news, Director Laurie Siegel purchased 2,500 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average cost of $19.87 per share, for a total transaction of $49,675.00. Following the transaction, the director now owns 7,906 shares of the company’s stock, valued at $157,092.22. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 15.80% of the stock is owned by company insiders.

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.