CECO Environmental Corp. (CECE) Given Coverage Optimism Rating of 0.07
Headlines about CECO Environmental Corp. (NASDAQ:CECE) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CECO Environmental Corp. earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 45.8901898941636 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several brokerages recently issued reports on CECE. William Blair downgraded CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. ValuEngine downgraded CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Needham & Company LLC upgraded CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $9.51 to $13.00 in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. CECO Environmental Corp. currently has an average rating of “Hold” and a consensus price target of $13.25.
CECO Environmental Corp. (NASDAQ:CECE) opened at 7.97 on Wednesday. The firm’s 50-day moving average price is $8.21 and its 200 day moving average price is $9.72. The stock’s market cap is $274.87 million. CECO Environmental Corp. has a 12-month low of $6.94 and a 12-month high of $14.88.
CECO Environmental Corp. (NASDAQ:CECE) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.11). CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The firm had revenue of $93.90 million for the quarter, compared to analyst estimates of $99.09 million. During the same period in the previous year, the company earned $0.21 EPS. CECO Environmental Corp.’s revenue was down 16.4% compared to the same quarter last year. Analysts anticipate that CECO Environmental Corp. will post $0.59 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.76%. CECO Environmental Corp.’s payout ratio is currently -25.86%.
In other news, Director Jonathan Pollack bought 6,800 shares of CECO Environmental Corp. stock in a transaction on Wednesday, August 16th. The stock was acquired at an average price of $7.31 per share, with a total value of $49,708.00. Following the completion of the acquisition, the director now directly owns 26,146 shares of the company’s stock, valued at $191,127.26. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jason Dezwirek bought 25,000 shares of CECO Environmental Corp. stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost 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 of the company’s stock, valued at $10,255,178.32. The disclosure for this purchase can be found here. 14.30% of the stock is owned by corporate insiders.
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CECO Environmental Corp. Company Profile
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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