CECO Environmental (NASDAQ:CECO – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04, Briefing.com reports. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The firm had revenue of $137.50 million for the quarter, compared to analyst estimates of $143.33 million. During the same period in the prior year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. CECO Environmental updated its FY 2024 guidance to EPS.
CECO Environmental Stock Down 2.4 %
Shares of CECO traded down $0.69 during midday trading on Thursday, reaching $28.51. The stock had a trading volume of 284,916 shares, compared to its average volume of 287,283. CECO Environmental has a 1-year low of $11.46 and a 1-year high of $31.55. The company’s fifty day simple moving average is $26.81 and its two-hundred day simple moving average is $23.71. The company has a market cap of $996.14 million, a price-to-earnings ratio of 81.46, a PEG ratio of 2.02 and a beta of 1.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.19.
Insider Activity
In related news, Director Richard F. Wallman bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were purchased at an average cost of $24.50 per share, with a total value of $98,000.00. Following the transaction, the director now directly owns 205,319 shares of the company’s stock, valued at approximately $5,030,315.50. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 16.90% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Research Report on CECO
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.
Featured Articles
- Five stocks we like better than CECO Environmental
- Comparing and Trading High PE Ratio Stocks
- First Solar Stock: The Dawn of a New Rally in Share Prices
- How to Calculate Stock Profit
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for CECO Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental and related companies with MarketBeat.com's FREE daily email newsletter.