Q1 EPS Forecast for CECO Environmental Reduced by Analyst

CECO Environmental Corp. (NASDAQ:CECO) – Research analysts at HC Wainwright decreased their Q1 2025 earnings estimates for CECO Environmental in a research report issued on Wednesday, February 26th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.09 per share for the quarter, down from their prior forecast of $0.11. HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.67 per share.

Several other equities research analysts have also commented on CECO. Craig Hallum upped their price target on shares of CECO Environmental from $34.00 to $40.00 and gave the company a “buy” rating in a report on Monday, January 6th. Northland Securities upped their price target on shares of CECO Environmental from $35.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price target on shares of CECO Environmental in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

CECO Environmental Price Performance

NASDAQ:CECO opened at $25.18 on Thursday. CECO Environmental has a one year low of $18.50 and a one year high of $35.16. 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 firm has a market cap of $880.77 million, a price-to-earnings ratio of 76.31, a PEG ratio of 1.39 and a beta of 1.41. The firm’s fifty day moving average is $28.51 and its two-hundred day moving average is $28.24.

CECO Environmental (NASDAQ:CECO) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The company had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Richard F. Wallman acquired 1,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the completion of the transaction, the director now owns 207,117 shares in the company, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its position in shares of CECO Environmental by 71.6% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of CECO Environmental by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,652 shares of the company’s stock worth $503,000 after purchasing an additional 591 shares during the last quarter. Private Advisor Group LLC raised its position in shares of CECO Environmental by 5.8% during 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 last quarter. Rhumbline Advisers raised its position in shares of CECO Environmental by 2.7% during the 4th quarter. Rhumbline Advisers now owns 40,614 shares of the company’s stock worth $1,228,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of CECO Environmental by 127.0% during the 4th quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company’s stock worth $90,000 after purchasing an additional 1,658 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.