Equities research analysts forecast that CECO Environmental Corp. (NASDAQ:CECE) will report earnings of $0.11 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for CECO Environmental’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.10. CECO Environmental posted earnings of $0.05 per share during the same quarter last year, which suggests a positive year over year growth rate of 120%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that CECO Environmental will report full-year earnings of $0.53 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.55. For the next financial year, analysts expect that the business will report earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.61. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for CECO Environmental.

CECO Environmental (NASDAQ:CECE) last released its earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. The company had revenue of $86.01 million for the quarter, compared to analyst estimates of $86.42 million. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%.

A number of equities research analysts have issued reports on CECE shares. Zacks Investment Research lowered shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. BidaskClub upgraded shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Maxim Group set a $7.00 price objective on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Roth Capital restated a “buy” rating on shares of Gold Resource in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.92.

Institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings in shares of CECO Environmental by 18.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 139,956 shares of the industrial products company’s stock valued at $1,008,000 after purchasing an additional 22,200 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of CECO Environmental by 117.6% in the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 3,948 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of CECO Environmental by 8.2% in the 1st quarter. DNB Asset Management AS now owns 285,383 shares of the industrial products company’s stock valued at $2,055,000 after purchasing an additional 21,507 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of CECO Environmental by 508.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 5,295 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in shares of CECO Environmental in the 4th quarter valued at $73,000. Institutional investors and hedge funds own 66.94% of the company’s stock.

CECO Environmental stock traded down $0.06 during mid-day trading on Monday, reaching $8.87. 53,939 shares of the company’s stock were exchanged, compared to its average volume of 171,717. The firm has a market capitalization of $310.89 million, a P/E ratio of 30.59, a P/E/G ratio of 1.12 and a beta of 0.92. CECO Environmental has a twelve month low of $6.44 and a twelve month high of $9.84. The company has a current ratio of 1.59, a quick ratio of 1.40 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $9.19.

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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