TSE:CEU FY2024 EPS Estimate Boosted by Atb Cap Markets

CES Energy Solutions Corp. (TSE:CEU) – Equities research analysts at Atb Cap Markets upped their FY2024 earnings per share estimates for CES Energy Solutions in a report released on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.80. Atb Cap Markets currently has a “Hold” rating on the stock. 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 $0.19 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.24 EPS and FY2026 earnings at $0.92 EPS.

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

Other analysts have also issued reports about the company. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. ATB Capital lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday. Scotiabank lifted their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Finally, 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. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, CES Energy Solutions presently has an average rating of “Moderate Buy” and an average price target of C$10.31.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$9.50 on Thursday. The stock’s 50-day simple moving average is C$8.70 and its 200 day simple moving average is C$7.91. The firm has a market capitalization of C$2.22 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. The company has a quick ratio of 1.78, a current ratio of 3.18 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a twelve month low of C$3.39 and a twelve month high of C$9.99.

CES Energy Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Transactions at CES Energy Solutions

In other CES Energy Solutions news, Director John Michael Hooks sold 4,382 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$32,952.64. Also, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. Insiders sold 492,732 shares of company stock worth $3,781,982 over the last ninety days. 3.03% of the stock is owned by insiders.

About CES Energy Solutions

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.