Scotiabank Has Optimistic Outlook of TSE:CEU FY2025 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Analysts at Scotiabank raised their FY2025 earnings estimates for CES Energy Solutions in a research report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $0.92 for the year, up from their previous estimate of $0.88. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

Several other brokerages have also recently weighed in on CEU. ATB Capital boosted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Atb Cap Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Raymond James raised their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. National Bankshares upped their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada raised their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.59.

CES Energy Solutions Stock Performance

TSE CEU opened at C$9.67 on Friday. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The stock’s fifty day moving average is C$9.47 and its two-hundred day moving average is C$8.30. The firm has a market capitalization of C$2.26 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31. CES Energy Solutions has a fifty-two week low of C$3.47 and a fifty-two week high of C$10.20.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, topping 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 analysts’ expectations of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%.

Insider Activity

In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 54,789 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total value of C$547,890.00. Also, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total transaction of C$43,040.00. Over the last ninety days, insiders sold 173,957 shares of company stock valued at $1,619,329. 3.03% of the stock is currently owned by corporate insiders.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.12 annualized dividend and a dividend yield of 1.24%. CES Energy Solutions’s dividend 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.