CECO Environmental (NASDAQ:CECE) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.02, MarketWatch Earnings reports. The company had revenue of $88.26 million during the quarter, compared to the consensus estimate of $83.50 million. CECO Environmental had a negative net margin of 1.18% and a positive return on equity of 1.55%.
NASDAQ CECE traded down $0.25 on Thursday, reaching $8.08. The company had a trading volume of 99,100 shares, compared to its average volume of 128,223. The company has a market capitalization of $281.04 million, a price-to-earnings ratio of 29.85, a PEG ratio of 1.99 and a beta of 0.92. CECO Environmental has a fifty-two week low of $4.00 and a fifty-two week high of $9.18. The company has a quick ratio of 1.45, a current ratio of 1.65 and a debt-to-equity ratio of 0.42.
Several brokerages have recently issued reports on CECE. ValuEngine upgraded shares of CECO Environmental from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Roth Capital set a $8.00 price target on shares of CECO Environmental and gave the stock a “hold” rating in a report on Thursday, August 9th. Zacks Investment Research upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Needham & Company LLC increased their price objective on CECO Environmental from $7.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 9th. Finally, BidaskClub downgraded CECO Environmental from a “hold” rating to a “sell” rating in a report on Tuesday, September 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. CECO Environmental has an average rating of “Hold” and a consensus price target of $9.00.
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CECO Environmental Company Profile
CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.
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