FY2024 EPS Estimates for TSE:CEU Boosted by Analyst

CES Energy Solutions Corp. (TSE:CEU) – Research analysts at Atb Cap Markets upped their FY2024 earnings estimates for shares of CES Energy Solutions in a research report issued on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $0.80 per share for the year, up from their prior estimate of $0.73. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share. Atb Cap Markets also issued estimates for CES Energy Solutions’ Q4 2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.86 EPS.

Other equities analysts also recently issued research reports about the company. Raymond James lifted their price target on CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Royal Bank of Canada raised their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. ATB Capital upped their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a research report on Friday, August 9th. BMO Capital Markets lifted their target price on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research report on Friday, August 9th. Finally, National Bankshares boosted their target price on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$10.16.

CES Energy Solutions Stock Up 1.9 %

Shares of TSE CEU opened at C$9.19 on Monday. The company has a debt-to-equity ratio of 51.40, a current ratio of 3.18 and a quick ratio of 1.78. The company has a 50-day moving average price of C$7.75 and a 200-day moving average price of C$7.38. The stock has a market capitalization of C$2.15 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a 1 year low of C$3.28 and a 1 year high of C$9.43.

CES Energy Solutions (TSE:CEU) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The company had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million.

Insider Transactions at CES Energy Solutions

In other news, Director John Michael Hooks sold 4,382 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$32,952.64. In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of C$7.52, for a total transaction of C$547,350.72. Also, Director John Michael Hooks sold 4,382 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$32,952.64. Insiders sold a total of 400,478 shares of company stock worth $2,927,940 in the last quarter. Insiders own 3.03% of the company’s stock.

CES Energy Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. CES Energy Solutions’s payout ratio is currently 15.38%.

CES Energy Solutions Company Profile

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.