Raymond James Analysts Boost Earnings Estimates for TSE:CEU

CES Energy Solutions Corp. (TSE:CEU) – Equities research analysts at Raymond James raised their FY2024 earnings estimates for CES Energy Solutions in a research report issued on Tuesday, October 15th. Raymond James analyst M. Barth now forecasts that the company will post earnings of $0.85 per share for the year, up from their prior estimate of $0.84. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share. Raymond James also issued estimates for CES Energy Solutions’ FY2025 earnings at $0.90 EPS and FY2026 earnings at $1.01 EPS.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their price objective on shares of CES Energy Solutions from C$9.00 to C$10.00 in a report on Friday, August 9th. National Bankshares lifted their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a report on Monday, July 29th. ATB Capital lifted their price objective on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Scotiabank lifted their price objective on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, BMO Capital Markets lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CES Energy Solutions presently has a consensus rating of “Buy” and an average price target of C$9.84.

CES Energy Solutions Stock Down 0.3 %

Shares of TSE:CEU opened at C$7.79 on Thursday. The firm has a market cap of C$1.82 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a fifty day simple moving average of C$7.65 and a 200 day simple moving average of C$7.07. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 12-month low of C$3.28 and a 12-month high of C$8.35.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Thursday, August 8th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.05). The company had revenue of C$553.20 million during the quarter, compared to the consensus estimate of C$544.70 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%.

CES Energy Solutions Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend was Friday, September 27th. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity

In other news, Director John Michael Hooks sold 300,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction 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 300,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Over the last quarter, insiders sold 400,478 shares of company stock valued at $2,927,940. 3.03% of the stock is currently owned by company insiders.

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.