Q4 EPS Estimate for CECO Environmental Decreased by Analyst

CECO Environmental Corp. (NASDAQ:CECO) – Analysts at Roth Capital dropped their Q4 2024 earnings per share estimates for shares of CECO Environmental in a research note issued to investors on Wednesday, October 30th. Roth Capital analyst G. Sweeney now expects that the company will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.37. The consensus estimate for CECO Environmental’s current full-year earnings is $0.82 per share. Roth Capital also issued estimates for CECO Environmental’s Q1 2025 earnings at $0.09 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.36 EPS and Q4 2025 earnings at $0.48 EPS.

Other analysts have also issued research reports about the company. Needham & Company LLC lowered their target price on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Wednesday. Northland Securities raised their price objective on CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Craig Hallum lifted their price target on shares of CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. HC Wainwright reaffirmed a “buy” rating and set a $35.00 price objective on shares of CECO Environmental in a report on Wednesday. Finally, Roth Mkm lifted their price objective on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.40.

CECO Environmental Stock Down 1.4 %

CECO opened at $23.47 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.30. The business has a 50 day moving average price of $27.08 and a 200 day moving average price of $26.47. The firm has a market cap of $820.98 million, a P/E ratio of 71.12, a price-to-earnings-growth ratio of 2.00 and a beta of 1.33. CECO Environmental has a twelve month low of $15.65 and a twelve month high of $31.55.

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

Insider Activity at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman acquired 10,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were acquired at an average price of $28.77 per share, for a total transaction 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. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.90% of the company’s stock.

Hedge Funds Weigh In On CECO Environmental

A number of institutional investors have recently bought and sold shares of the business. CWM LLC increased its stake in shares of CECO Environmental by 45.3% during the second quarter. CWM LLC now owns 2,270 shares of the company’s stock worth $65,000 after purchasing an additional 708 shares during the period. EntryPoint Capital LLC bought a new position in shares of CECO Environmental in the 1st quarter valued at $72,000. Eastern Bank acquired a new position in CECO Environmental during the third quarter worth about $113,000. SG Americas Securities LLC bought a new position in CECO Environmental in the 2nd quarter valued at approximately $201,000. Finally, Kessler Investment Group LLC boosted its holdings in shares of CECO Environmental by 27.8% during the 2nd quarter. Kessler Investment Group LLC now owns 7,166 shares of the company’s stock valued at $207,000 after acquiring an additional 1,560 shares in the last quarter. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.