FY2024 EPS Estimates for TSE:CEU Lifted by Atb Cap Markets

CES Energy Solutions Corp. (TSE:CEU) – Equities researchers at Atb Cap Markets boosted their FY2024 earnings estimates for shares of CES Energy Solutions in a note issued to investors on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings per share of $0.80 for the year, up from their previous estimate of $0.73. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share. Atb Cap Markets also issued estimates for CES Energy Solutions’ Q4 2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.86 EPS.

Other equities analysts have also issued reports about the stock. TD Securities lifted their price objective on shares of CES Energy Solutions from C$9.00 to C$9.50 in a research report on Wednesday, July 17th. ATB Capital lifted their target price on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. Scotiabank increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. National Bankshares raised their price objective on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Royal Bank of Canada increased their target price on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday. One equities 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 stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of C$9.97.

CES Energy Solutions Stock Down 3.4 %

CES Energy Solutions stock opened at C$9.02 on Monday. The stock has a market capitalization of C$2.11 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.61 and a beta of 2.31. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The stock has a 50 day moving average of C$7.73 and a two-hundred day moving average of C$7.35. CES Energy Solutions has a twelve month low of C$3.28 and a twelve month high of C$9.43.

CES Energy Solutions (TSE:CEU) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.14 by C$0.06. The firm 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%.

CES Energy Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is presently 15.38%.

Insider Buying and Selling

In other CES Energy Solutions news, Director John Michael Hooks sold 300,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In other news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Also, Director John Michael Hooks sold 300,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total value of C$2,167,680.00. Insiders have sold 400,478 shares of company stock worth $2,927,940 in the last three months. Corporate insiders own 3.03% of the company’s stock.

About CES Energy Solutions

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.