Q4 EPS Estimates for CECO Environmental Cut by HC Wainwright

CECO Environmental Corp. (NASDAQ:CECO) – HC Wainwright dropped their Q4 2024 earnings per share estimates for shares of CECO Environmental in a note issued to investors on Wednesday, October 30th. HC Wainwright analyst A. Dayal now forecasts that the company will earn $0.31 per share for the quarter, down from their previous estimate of $0.43. HC Wainwright has a “Buy” rating and a $35.00 price target on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.82 per share. HC Wainwright also issued estimates for CECO Environmental’s Q1 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.32 EPS and FY2025 earnings at $1.33 EPS.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). The firm had revenue of $135.50 million during the quarter, compared to the consensus estimate of $155.94 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. CECO Environmental’s revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 EPS.

A number of other research firms have also recently issued reports on CECO. Needham & Company LLC dropped their price objective on CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday. Craig Hallum boosted their target price on shares of CECO Environmental from $28.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Roth Mkm raised their price target on shares of CECO Environmental from $26.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Northland Securities boosted their price objective on shares of CECO Environmental from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental has an average rating of “Buy” and a consensus target price of $34.40.

CECO Environmental Stock Down 1.4 %

Shares of NASDAQ CECO opened at $23.47 on Friday. The company has a market cap of $820.98 million, a P/E ratio of 71.12, a PEG ratio of 2.00 and a beta of 1.33. The firm has a 50-day simple moving average of $27.08 and a two-hundred day simple moving average of $26.47. CECO Environmental has a 1 year low of $15.65 and a 1 year high of $31.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.17.

Insiders Place Their Bets

In other CECO Environmental news, Director Richard F. Wallman acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average cost of $28.77 per share, with a total value of $287,700.00. Following the acquisition, the director now directly owns 62,000 shares of the company’s stock, valued at approximately $1,783,740. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 16.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CECO. BNP Paribas Financial Markets increased its holdings in shares of CECO Environmental by 247.5% during the 1st quarter. BNP Paribas Financial Markets now owns 44,520 shares of the company’s stock valued at $1,025,000 after purchasing an additional 31,707 shares in the last quarter. Boston Partners purchased a new position in CECO Environmental in the first quarter valued at $516,000. Vanguard Group Inc. raised its position in shares of CECO Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,526,395 shares of the company’s stock worth $35,138,000 after acquiring an additional 24,812 shares during the period. Sei Investments Co. boosted its stake in shares of CECO Environmental by 35.2% during the 1st quarter. Sei Investments Co. now owns 70,129 shares of the company’s stock worth $1,614,000 after acquiring an additional 18,272 shares in the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in shares of CECO Environmental during the 2nd quarter valued at about $15,495,000. 68.08% of the stock is owned by institutional investors and hedge funds.

CECO Environmental Company Profile

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.