CES Energy Solutions (CEU) Scheduled to Post Earnings on Wednesday

CES Energy Solutions (TSE:CEU) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect CES Energy Solutions to post earnings of C$0.14 per share for the quarter.

CES Energy Solutions (TSE:CEU) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$0.20 EPS for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The company had revenue of C$553.46 million for the quarter, compared to the consensus estimate of C$538.23 million. CES Energy Solutions had a net margin of 7.15% and a return on equity of 24.41%.

CES Energy Solutions Stock Performance

TSE:CEU opened at C$5.65 on Monday. The business’s fifty day moving average price is C$5.09 and its 200 day moving average price is C$4.19. CES Energy Solutions has a 12 month low of C$2.30 and a 12 month high of C$5.83. The company has a debt-to-equity ratio of 70.47, a current ratio of 2.95 and a quick ratio of 1.78. The firm has a market capitalization of C$1.33 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.61 and a beta of 2.46.

CES Energy Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 15th were issued a dividend of $0.03 per share. This is a positive change from CES Energy Solutions’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.12 annualized dividend and a dividend yield of 2.12%. CES Energy Solutions’s dividend payout ratio (DPR) is presently 19.67%.

Analyst Ratings Changes

Several analysts have recently weighed in on CEU shares. TD Securities lifted their target price on shares of CES Energy Solutions from C$6.00 to C$7.00 in a report on Thursday, April 18th. ATB Capital increased their price objective on shares of CES Energy Solutions from C$5.25 to C$6.50 in a research note on Wednesday, April 3rd. Royal Bank of Canada boosted their target price on shares of CES Energy Solutions from C$5.00 to C$5.50 and gave the company an “outperform” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their target price on shares of CES Energy Solutions from C$6.00 to C$8.00 in a research note on Tuesday, April 23rd. Finally, Scotiabank upped their price target on shares of CES Energy Solutions from C$5.30 to C$5.85 in a research report on Monday, March 4th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$6.70.

Insider Buying and Selling

In other news, Senior Officer Kenneth Earl Zinger sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. In other news, Director John Michael Hooks sold 100,000 shares of CES Energy Solutions stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$4.76, for a total transaction of C$475,610.00. Also, Senior Officer Kenneth Earl Zinger sold 45,000 shares of CES Energy Solutions stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of C$4.73, for a total value of C$212,850.00. Insiders sold 498,360 shares of company stock worth $2,417,920 in the last quarter. Insiders own 2.35% of the company’s stock.

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.