CECO Environmental (NASDAQ:CECO) Posts Quarterly Earnings Results, Misses Expectations By $0.35 EPS

CECO Environmental (NASDAQ:CECO) posted its quarterly earnings data on Tuesday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.35), FiscalAI reports. The firm had revenue of $214.69 million during the quarter, compared to analyst estimates of $205.39 million. CECO Environmental had a net margin of 7.22% and a return on equity of 10.84%. The firm’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $77.68 on Tuesday. The company’s 50-day moving average is $67.10 and its two-hundred day moving average is $56.15. CECO Environmental has a 1-year low of $17.57 and a 1-year high of $81.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.33 and a quick ratio of 1.13. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 55.09 and a beta of 1.38.

Analysts Set New Price Targets

CECO has been the subject of a number of research reports. Zacks Research raised shares of CECO Environmental from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Needham & Company LLC upped their price objective on shares of CECO Environmental from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Northland Securities increased their price objective on shares of CECO Environmental from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Wednesday, December 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of CECO Environmental in a research note on Wednesday, January 21st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.75.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in CECO Environmental in the third quarter worth approximately $25,000. Advisory Services Network LLC acquired a new position in shares of CECO Environmental in the 3rd quarter valued at $31,000. Raymond James Financial Inc. purchased a new position in shares of CECO Environmental during the 2nd quarter worth $102,000. Canada Pension Plan Investment Board grew its holdings in shares of CECO Environmental by 6,200.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 6,300 shares of the company’s stock worth $178,000 after purchasing an additional 6,200 shares during the period. Finally, Group One Trading LLC increased its position in shares of CECO Environmental by 336.9% during the 4th quarter. Group One Trading LLC now owns 3,325 shares of the company’s stock worth $199,000 after purchasing an additional 2,564 shares during the last quarter. 68.08% of the stock is currently owned by institutional investors and hedge funds.

About CECO Environmental

CECO Environmental Corp. (NASDAQ: CECO) is a global technology provider specializing in engineered solutions that help industrial and commercial customers manage air emissions, process fluids and optimize energy use. The company develops custom-engineered systems and modular packages designed to meet evolving environmental regulations and improve operational efficiency across diverse production processes.

CECO’s core offerings include air pollution control equipment—such as scrubbers, cyclones, fabric and cartridge filters—and industrial process filtration systems for applications ranging from particulate removal to oil-water separation.