CECO Environmental Corp. (CECE) Set to Announce Quarterly Earnings on Wednesday
CECO Environmental Corp. (NASDAQ:CECE) is set to announce its earnings results before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
CECO Environmental Corp. (NASDAQ:CECE) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.11). The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.21 EPS. On average, analysts expect CECO Environmental Corp. to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at $8.56 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.33 and a debt-to-equity ratio of 0.55. CECO Environmental Corp. has a 1 year low of $6.94 and a 1 year high of $14.88. The company has a market capitalization of $296.52, a PE ratio of 9.84, a PEG ratio of 0.94 and a beta of 1.46.
A number of research firms have recently commented on CECE. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine raised CECO Environmental Corp. from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Finally, William Blair cut CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.33.
In other news, Director Jason Dezwirek bought 25,000 shares of the stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $7.27 per share, with a total value of $181,750.00. Following the acquisition, the director now directly owns 1,410,616 shares in the company, valued at $10,255,178.32. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jonathan Pollack bought 6,800 shares of the stock in a transaction on Wednesday, August 16th. The stock was purchased at an average cost of $7.31 per share, with a total value of $49,708.00. Following the acquisition, the director now owns 26,146 shares in the company, valued at $191,127.26. The disclosure for this purchase can be found here. 14.30% of the stock is owned by corporate insiders.
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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