CES Energy Solutions (CEU) Scheduled to Post Quarterly Earnings on Wednesday

CES Energy Solutions (TSE:CEU) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.14 per share for the quarter.

CES Energy Solutions (TSE:CEU) last posted its quarterly earnings results on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating the consensus estimate of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%. The business had revenue of C$553.46 million during the quarter, compared to analyst estimates of C$538.23 million.

CES Energy Solutions Trading Down 2.4 %

TSE CEU opened at C$5.67 on Wednesday. CES Energy Solutions has a one year low of C$2.30 and a one year high of C$5.83. The company has a 50-day simple moving average of C$5.00 and a 200-day simple moving average of C$4.14. The company has a debt-to-equity ratio of 70.47, a quick ratio of 1.78 and a current ratio of 2.95. The firm has a market capitalization of C$1.33 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were issued a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. This represents a $0.12 annualized dividend and a dividend yield of 2.12%. CES Energy Solutions’s payout ratio is 19.67%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CEU shares. TD Securities lifted their price target on shares of CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. BMO Capital Markets boosted their target price on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. ATB Capital boosted their target price on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. Finally, Scotiabank boosted their target price on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research note on Monday, March 4th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$6.70.

Insiders Place Their Bets

In related news, Director Kyle Kitagawa sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total value of C$266,500.00. In other news, insider EdgePoint Investment Group Inc. sold 23,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of C$5.55, for a total transaction of C$127,650.00. Also, Director Kyle Kitagawa sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of C$5.33, for a total transaction of C$266,500.00. In the last three months, insiders have sold 498,360 shares of company stock worth $2,417,920. 2.35% of the stock is owned by corporate insiders.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.