Analysts forecast that CECO Environmental Corp. (NASDAQ:CECE) will announce earnings of $0.14 per share for the current quarter, Zacks reports. Three analysts have issued estimates for CECO Environmental’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.17. CECO Environmental reported earnings per share of $0.08 during the same quarter last year, which would suggest a positive year over year growth rate of 75%. The business is scheduled to report its next quarterly earnings results on Thursday, March 5th.
According to Zacks, analysts expect that CECO Environmental will report full year earnings of $0.46 per share for the current fiscal year, with EPS estimates ranging from $0.45 to $0.49. For the next fiscal year, analysts forecast that the business will post earnings of $0.60 per share, with EPS estimates ranging from $0.56 to $0.65. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for CECO Environmental.
CECO Environmental (NASDAQ:CECE) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $85.27 million for the quarter, compared to the consensus estimate of $89.53 million. CECO Environmental had a return on equity of 7.91% and a net margin of 2.96%.
CECE traded up $0.05 during trading on Friday, hitting $7.85. 811 shares of the stock traded hands, compared to its average volume of 53,586. The business has a 50 day moving average price of $7.44 and a 200 day moving average price of $8.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 1.34. CECO Environmental has a twelve month low of $6.44 and a twelve month high of $9.84. The company has a market cap of $274.87 million, a price-to-earnings ratio of 26.93, a PEG ratio of 1.13 and a beta of 0.98.
Institutional investors have recently modified their holdings of the business. Bank of Montreal Can boosted its holdings in shares of CECO Environmental by 102.9% during the 2nd quarter. Bank of Montreal Can now owns 5,153 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 2,613 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of CECO Environmental in the third quarter valued at approximately $91,000. Mackenzie Financial Corp acquired a new position in shares of CECO Environmental in the second quarter valued at approximately $115,000. Susquehanna International Group LLP increased its position in CECO Environmental by 3,401.8% in the 2nd quarter. Susquehanna International Group LLP now owns 13,207 shares of the industrial products company’s stock valued at $127,000 after acquiring an additional 13,607 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of CECO Environmental during the third quarter valued at $140,000. Hedge funds and other institutional investors own 71.06% of the company’s stock.
About CECO Environmental
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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