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

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Analysts expect that CECO Environmental Corp. (NASDAQ:CECE) will report earnings per share (EPS) of $0.13 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CECO Environmental’s earnings. The lowest EPS estimate is $0.11 and the highest is $0.14. 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 issue its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that CECO Environmental will report full-year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.46 to $0.50. For the next financial year, analysts expect that the company will post earnings of $0.61 per share, with EPS estimates ranging from $0.60 to $0.61. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow 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). CECO Environmental had a negative net margin of 1.32% and a positive return on equity of 7.57%. The business had revenue of $81.18 million during the quarter, compared to analyst estimates of $86.67 million.

CECE has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of CECO Environmental in a research note on Friday, August 9th. B. Riley set a $10.00 target price on CECO Environmental and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research cut CECO Environmental from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine cut CECO Environmental from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, BidaskClub cut CECO Environmental from a “sell” rating to a “strong sell” rating in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.00.

Shares of CECO Environmental stock traded up $0.11 during midday trading on Monday, reaching $6.80. 103,500 shares of the company’s stock traded hands, compared to its average volume of 113,117. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.39 and a current ratio of 1.61. The company has a market cap of $239.78 million, a PE ratio of 23.45, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The stock has a 50 day moving average of $7.04 and a 200-day moving average of $8.14. CECO Environmental has a 12 month low of $6.44 and a 12 month high of $9.84.

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley boosted its holdings in shares of CECO Environmental by 2.2% in the 2nd quarter. Morgan Stanley now owns 83,620 shares of the industrial products company’s stock worth $802,000 after purchasing an additional 1,826 shares during the period. Bank of Montreal Can raised its position in shares of CECO Environmental by 102.9% in the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock worth $49,000 after acquiring an additional 2,613 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in CECO Environmental by 3.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 73,457 shares of the industrial products company’s stock worth $705,000 after buying an additional 2,644 shares during the last quarter. Northern Trust Corp grew its stake in CECO Environmental by 1.5% during the 2nd quarter. Northern Trust Corp now owns 351,522 shares of the industrial products company’s stock worth $3,372,000 after buying an additional 5,261 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in CECO Environmental by 83.4% during the 2nd quarter. SG Americas Securities LLC now owns 18,646 shares of the industrial products company’s stock worth $179,000 after buying an additional 8,480 shares during the last quarter. 69.43% of the stock is currently owned by institutional investors.

CECO Environmental Company Profile

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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