CECO Environmental Corp. (NASDAQ:CECE) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect CECO Environmental Corp. (NASDAQ:CECE) to report earnings of $0.13 per share for the current quarter, Zacks reports. Three analysts have issued estimates for CECO Environmental’s earnings. The highest EPS estimate is $0.14 and the lowest is $0.11. CECO Environmental posted earnings of $0.10 per share in the same quarter last year, which would suggest a positive year over year growth rate of 30%. The firm is expected to announce its next quarterly earnings report on Wednesday, November 6th.

On average, analysts expect that CECO Environmental will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.46 to $0.50. For the next fiscal year, analysts forecast that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.60 to $0.61. Zacks’ EPS calculations are an average based on a survey of analysts that that provide coverage for CECO Environmental.

CECO Environmental (NASDAQ:CECE) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The company had revenue of $81.18 million during the quarter, compared to analyst estimates of $86.67 million. CECO Environmental had a positive return on equity of 7.57% and a negative net margin of 1.32%.

Several analysts have recently weighed in on CECE shares. BidaskClub lowered shares of CECO Environmental from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. B. Riley set a $10.00 target price on shares of CECO Environmental and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine lowered shares of CECO Environmental from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Maxim Group set a $10.00 target price on shares of CECO Environmental and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research lowered shares of CECO Environmental from a “hold” rating to a “sell” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.00.

Institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC lifted its holdings in CECO Environmental by 164.6% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 46,812 shares of the industrial products company’s stock valued at $327,000 after purchasing an additional 29,119 shares during the last quarter. River & Mercantile Asset Management LLP bought a new position in CECO Environmental during the 2nd quarter valued at about $2,253,000. Mackenzie Financial Corp bought a new position in CECO Environmental during the 2nd quarter valued at about $115,000. Hodges Capital Management Inc. bought a new position in CECO Environmental during the 2nd quarter valued at about $432,000. Finally, Susquehanna International Group LLP lifted its holdings in CECO Environmental by 3,401.8% during the 2nd quarter. Susquehanna International Group LLP now owns 13,207 shares of the industrial products company’s stock valued at $127,000 after purchasing an additional 13,607 shares during the last quarter. Institutional investors and hedge funds own 69.43% of the company’s stock.

NASDAQ CECE traded up $0.11 during midday trading on Monday, hitting $6.80. The company had a trading volume of 103,500 shares, compared to its average volume of 113,117. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.46. The firm has a fifty day simple moving average of $7.04 and a two-hundred day simple moving average of $8.14. CECO Environmental has a fifty-two week low of $6.44 and a fifty-two week high of $9.84. The stock has a market cap of $239.78 million, a price-to-earnings ratio of 23.45, a P/E/G ratio of 0.92 and a beta of 0.95.

About CECO Environmental

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.

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Earnings History and Estimates for CECO Environmental (NASDAQ:CECE)

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