Wall Street brokerages expect CECO Environmental Corp. (NASDAQ:CECE) to announce earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for CECO Environmental’s earnings. CECO Environmental posted earnings per share of $0.14 during the same quarter last year, which would suggest a negative year-over-year growth rate of 35.7%. The firm is expected to issue its next earnings report before the market opens on Tuesday, August 3rd.
On average, analysts expect that CECO Environmental will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.42 to $0.46. For the next financial year, analysts anticipate that the firm will report earnings of $0.63 per share, with EPS estimates ranging from $0.60 to $0.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow CECO Environmental.
CECO Environmental (NASDAQ:CECE) last released its earnings results on Thursday, May 6th. The industrial products company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $71.89 million for the quarter, compared to analyst estimates of $76.53 million. CECO Environmental had a return on equity of 8.63% and a net margin of 1.95%.
CECO Environmental stock traded down $0.25 on Thursday, reaching $7.03. 301 shares of the stock were exchanged, compared to its average volume of 86,504. The firm has a market cap of $250.27 million, a PE ratio of 43.94, a PEG ratio of 1.06 and a beta of 1.29. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.56 and a current ratio of 1.71. CECO Environmental has a twelve month low of $5.95 and a twelve month high of $9.47. The company’s fifty day moving average is $7.60.
Several large investors have recently bought and sold shares of CECE. First Horizon Advisors Inc. increased its holdings in shares of CECO Environmental by 325.7% during the 1st quarter. First Horizon Advisors Inc. now owns 4,372 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 3,345 shares during the period. Citigroup Inc. increased its holdings in shares of CECO Environmental by 214.5% during the 4th quarter. Citigroup Inc. now owns 6,756 shares of the industrial products company’s stock worth $47,000 after purchasing an additional 4,608 shares during the period. Victory Capital Management Inc. bought a new stake in CECO Environmental in the first quarter valued at about $63,000. UBS Group AG increased its stake in CECO Environmental by 41.9% in the first quarter. UBS Group AG now owns 9,022 shares of the industrial products company’s stock valued at $72,000 after acquiring an additional 2,666 shares during the period. Finally, Jane Street Group LLC bought a new stake in CECO Environmental in the first quarter valued at about $81,000. Institutional investors own 68.04% of the company’s stock.
CECO Environmental Company Profile
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other niche markets worldwide. It operates through three segments: Energy Solutions, Industrial Solutions, and Fluid Handling 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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