CECO Environmental (CECO) Scheduled to Post Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) is set to announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.22 per share for the quarter. CECO Environmental has set its FY 2024 guidance at EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $137.50 million during the quarter, compared to analyst estimates of $143.33 million. CECO Environmental had a return on equity of 12.35% and a net margin of 2.33%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 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 Down 0.0 %

NASDAQ:CECO opened at $26.85 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.17. The firm’s 50-day moving average price is $27.53 and its 200-day moving average price is $26.37. The company has a market capitalization of $938.03 million, a PE ratio of 76.71, a P/E/G ratio of 2.01 and a beta of 1.33. CECO Environmental has a 1-year low of $15.27 and a 1-year high of $31.55.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 10,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was purchased at an average price of $28.77 per share, for a total transaction of $287,700.00. Following the completion of the purchase, the director now directly owns 62,000 shares of the company’s stock, valued at $1,783,740. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 16.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. HC Wainwright upped their price objective on shares of CECO Environmental from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Northland Securities upped their price target on CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm lifted their price objective on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Craig Hallum boosted their target price on CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC raised their price target on CECO Environmental from $34.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CECO Environmental currently has a consensus rating of “Buy” and a consensus target price of $34.80.

CECO Environmental Company Profile

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.