CECO Environmental (CECO) Set to Announce Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

CECO Environmental (NASDAQ:CECO) last released its earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03. CECO Environmental had a net margin of 2.37% and a return on equity of 11.57%. The company had revenue of $153.71 million during the quarter, compared to the consensus estimate of $149.10 million. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, analysts expect CECO Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CECO Environmental Trading Up 0.2 %

NASDAQ CECO opened at $25.32 on Friday. CECO Environmental has a one year low of $10.68 and a one year high of $25.73. The company has a 50-day simple moving average of $22.50 and a 200-day simple moving average of $20.20. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.22 and a current ratio of 1.39. The firm has a market capitalization of $882.91 million, a PE ratio of 68.43, a price-to-earnings-growth ratio of 1.75 and a beta of 1.23.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CECO shares. HC Wainwright lifted their price target on shares of CECO Environmental from $22.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Needham & Company LLC lifted their price target on shares of CECO Environmental from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Northland Securities lifted their price target on shares of CECO Environmental from $27.00 to $28.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Finally, Roth Mkm lifted their price target on shares of CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $26.50.

Insider Buying and Selling at CECO Environmental

In other news, Director Laurie Siegel bought 2,500 shares of CECO Environmental stock in a transaction on Wednesday, March 6th. The stock was purchased at an average cost of $19.87 per share, with a total value of $49,675.00. Following the purchase, the director now directly owns 7,906 shares of the company’s stock, valued at approximately $157,092.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 15.80% of the stock is currently owned by company insiders.

About CECO Environmental

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.