HC Wainwright Cuts Earnings Estimates for CECO Environmental

CECO Environmental Corp. (NASDAQ:CECO) – Research analysts at HC Wainwright dropped their FY2024 earnings per share (EPS) estimates for CECO Environmental in a research report issued on Wednesday, October 30th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $0.77 for the year, down from their prior forecast of $0.96. HC Wainwright has a “Buy” rating and a $35.00 price objective on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.82 per share. HC Wainwright also issued estimates for CECO Environmental’s Q2 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.64 EPS.

Other equities analysts also recently issued research reports about the company. Roth Mkm increased their price target on CECO Environmental from $26.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Needham & Company LLC dropped their price target on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Northland Securities increased their price target on CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Craig Hallum increased their price target on CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Buy” and a consensus price target of $34.40.

CECO Environmental Stock Performance

CECO stock opened at $23.47 on Thursday. CECO Environmental has a twelve month low of $15.65 and a twelve month high of $31.55. The company has a quick ratio of 1.17, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $27.08 and its two-hundred day simple moving average is $26.47. The firm has a market cap of $820.98 million, a price-to-earnings ratio of 71.12, a PEG ratio of 2.00 and a beta of 1.33.

CECO Environmental (NASDAQ:CECO) last released its 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 return on equity of 11.12% and a net margin of 2.16%. The business had revenue of $135.50 million during the quarter, compared to analysts’ expectations of $155.94 million. During the same quarter in the previous year, the business earned $0.22 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis.

Institutional Investors Weigh In On CECO Environmental

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in CECO Environmental by 247.5% in the first quarter. BNP Paribas Financial Markets now owns 44,520 shares of the company’s stock valued at $1,025,000 after buying an additional 31,707 shares during the last quarter. Boston Partners purchased a new stake in CECO Environmental in the first quarter valued at about $516,000. Vanguard Group Inc. raised its stake in CECO Environmental by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,526,395 shares of the company’s stock valued at $35,138,000 after buying an additional 24,812 shares during the last quarter. Sei Investments Co. raised its stake in CECO Environmental by 35.2% in the first quarter. Sei Investments Co. now owns 70,129 shares of the company’s stock valued at $1,614,000 after buying an additional 18,272 shares during the last quarter. Finally, Hood River Capital Management LLC purchased a new stake in CECO Environmental in the second quarter valued at about $15,495,000. Institutional investors own 68.08% of the company’s stock.

Insider Activity at CECO Environmental

In related news, Director Richard F. Wallman acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average price of $28.77 per share, with a total value of $287,700.00. Following the completion of the transaction, the director now directly owns 62,000 shares in the company, valued at $1,783,740. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.90% of the stock is owned by corporate 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.