CECO Environmental Corp. (CECE) Announces Quarterly Dividend of $0.08
CECO Environmental Corp. (NASDAQ:CECE) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.075 per share by the industrial products company on Friday, September 29th. This represents a $0.30 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Thursday, September 14th.
CECO Environmental Corp. (CECE) traded down 10.91% during mid-day trading on Wednesday, reaching $8.57. 439,920 shares of the company were exchanged. The stock’s 50-day moving average is $9.67 and its 200-day moving average is $10.66. CECO Environmental Corp. has a 12 month low of $8.37 and a 12 month high of $14.88. The company’s market cap is $295.33 million.
CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.11. The business had revenue of $93.90 million during the quarter, compared to the consensus estimate of $99.09 million. CECO Environmental Corp. had a positive return on equity of 15.78% and a negative net margin of 10.15%. The business’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Equities analysts expect that CECO Environmental Corp. will post $0.83 earnings per share for the current year.
Several research analysts have commented on CECE shares. Needham & Company LLC raised CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and lifted their price target for the stock from $9.51 to $13.00 in a research report on Thursday, July 6th. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. CECO Environmental Corp. has an average rating of “Hold” and a consensus price target of $13.25.
About CECO Environmental Corp.
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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