Roth Capital Expects Lower Earnings for CECO Environmental

CECO Environmental Corp. (NASDAQ:CECO) – Stock analysts at Roth Capital lowered 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 forecasts 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 stock. Northland Securities increased their price target on shares of CECO Environmental from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Roth Mkm lifted their price target on CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Craig Hallum upped their price objective on CECO Environmental from $28.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. HC Wainwright reiterated a “buy” rating and issued a $35.00 target price on shares of CECO Environmental in a research report on Wednesday. Finally, Needham & Company LLC decreased their target price on CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental presently has a consensus rating of “Buy” and a consensus target price of $34.40.

CECO Environmental Trading Down 1.4 %

Shares of CECO Environmental stock opened at $23.47 on Friday. The firm’s 50-day moving average price is $27.08 and its two-hundred day moving average price is $26.47. The company has a market capitalization of $820.98 million, a price-to-earnings ratio of 71.12, a PEG ratio of 2.00 and a beta of 1.33. The company has a quick ratio of 1.17, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. CECO Environmental has a 12-month low of $15.65 and a 12-month high of $31.55.

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

Insider Buying and Selling

In other news, Director Richard F. Wallman acquired 10,000 shares of the stock in a transaction dated Friday, August 30th. The stock was bought at an average price of $28.77 per share, with a total value of $287,700.00. Following the completion of the purchase, the director now directly owns 62,000 shares of the company’s stock, valued at $1,783,740. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CECO Environmental

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its holdings in CECO Environmental by 247.5% during the 1st quarter. BNP Paribas Financial Markets now owns 44,520 shares of the company’s stock worth $1,025,000 after purchasing an additional 31,707 shares during the last quarter. Boston Partners bought a new position in CECO Environmental during the first quarter worth $516,000. Vanguard Group Inc. lifted its holdings 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 period. Sei Investments Co. boosted its position in CECO Environmental by 35.2% during the first quarter. Sei Investments Co. now owns 70,129 shares of the company’s stock valued at $1,614,000 after acquiring an additional 18,272 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new stake in CECO Environmental during the 2nd quarter worth about $15,495,000. 68.08% of the stock is currently owned by institutional investors.

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.