CECO Environmental (CECO) to Release Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) is scheduled to 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. Investors that wish to listen to the company’s conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. CECO Environmental had a net margin of 2.37% and a return on equity of 11.57%. The firm had revenue of $153.71 million for the quarter, compared to analyst estimates of $149.10 million. During the same quarter in the previous year, the firm posted $0.21 EPS. 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 Trading Up 0.2 %

Shares of NASDAQ CECO opened at $25.32 on Monday. CECO Environmental has a 1 year low of $10.68 and a 1 year high of $25.73. The stock has a market cap of $882.91 million, a P/E ratio of 68.43, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23. The firm has a 50-day moving average of $22.50 and a 200 day moving average of $20.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.39 and a quick ratio of 1.22.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Laurie Siegel acquired 2,500 shares of the stock in a transaction on Wednesday, March 6th. The stock was acquired at an average price of $19.87 per share, for a total transaction of $49,675.00. Following the completion of the transaction, the director now directly owns 7,906 shares of the company’s stock, valued at $157,092.22. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.