CECO Environmental Corp. Expected to Post FY2025 Earnings of $1.51 Per Share (NASDAQ:CECO)

CECO Environmental Corp. (NASDAQ:CECO) – Analysts at Northland Capmk boosted their FY2025 earnings estimates for CECO Environmental in a research note issued to investors on Monday, July 8th. Northland Capmk analyst B. Brooks now forecasts that the company will post earnings of $1.51 per share for the year, up from their previous estimate of $1.49. The consensus estimate for CECO Environmental’s current full-year earnings is $0.93 per share.

Other equities research analysts have also recently issued research reports about the stock. Craig Hallum upped their price target on shares of CECO Environmental from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Needham & Company LLC upped their price objective on CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. Finally, HC Wainwright reiterated a “buy” rating and issued a $30.00 target price on shares of CECO Environmental in a report on Wednesday, May 1st. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, CECO Environmental has a consensus rating of “Buy” and an average price target of $27.40.

CECO Environmental Stock Performance

CECO stock opened at $28.63 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.38 and a quick ratio of 1.19. CECO Environmental has a 1-year low of $11.46 and a 1-year high of $29.11. The business has a 50-day moving average price of $25.35 and a 200 day moving average price of $22.73. The company has a market capitalization of $1.00 billion, a P/E ratio of 81.80, a PEG ratio of 2.01 and a beta of 1.37.

CECO Environmental (NASDAQ:CECO) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. CECO Environmental had a return on equity of 11.57% and a net margin of 2.23%. The company had revenue of $126.30 million for the quarter, compared to the consensus estimate of $135.82 million. During the same period last year, the business posted $0.10 EPS. CECO Environmental’s quarterly revenue was up 12.2% on a year-over-year basis.

Insider Buying and Selling at CECO Environmental

In related news, Director Richard F. Wallman purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average cost of $24.50 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director now owns 205,319 shares of the company’s stock, valued at approximately $5,030,315.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard F. Wallman acquired 4,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $24.50 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director now owns 205,319 shares of the company’s stock, valued at $5,030,315.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard F. Wallman purchased 5,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director now directly owns 191,853 shares of the company’s stock, valued at approximately $4,211,173.35. The disclosure for this purchase can be found here. 16.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CECO Environmental

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in CECO Environmental by 271.2% in the 3rd quarter. Wellington Management Group LLP now owns 629,146 shares of the company’s stock valued at $10,047,000 after acquiring an additional 459,646 shares during the last quarter. Vanguard Group Inc. raised its holdings in CECO Environmental by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,440,579 shares of the company’s stock valued at $23,006,000 after buying an additional 13,747 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of CECO Environmental in the 4th quarter valued at approximately $159,000. Calamos Advisors LLC boosted its position in shares of CECO Environmental by 3.5% during the 4th quarter. Calamos Advisors LLC now owns 217,741 shares of the company’s stock worth $4,416,000 after purchasing an additional 7,430 shares during the period. Finally, Semanteon Capital Management LP acquired a new position in CECO Environmental during the fourth quarter worth $748,000. Hedge funds and other institutional investors own 68.08% of the company’s stock.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.