Zacks: Analysts Expect CECO Environmental Corp. (NASDAQ:CECE) to Post $0.11 EPS

Wall Street analysts expect CECO Environmental Corp. (NASDAQ:CECE) to report earnings per share of $0.11 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for CECO Environmental’s earnings. The highest EPS estimate is $0.12 and the lowest is $0.10. CECO Environmental reported earnings of $0.05 per share in the same quarter last year, which indicates a positive year over year growth rate of 120%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, August 6th.

On average, analysts expect that CECO Environmental will report full year earnings of $0.53 per share for the current year, with EPS estimates ranging from $0.50 to $0.55. For the next financial year, analysts anticipate that the business will report earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.61. Zacks’ EPS averages are a mean average based on a survey of research firms that cover CECO Environmental.

CECO Environmental (NASDAQ:CECE) last released its quarterly earnings results on Wednesday, May 8th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The business had revenue of $86.01 million during the quarter, compared to analyst estimates of $86.42 million. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%.

A number of equities research analysts have weighed in on CECE shares. BidaskClub raised shares of WhiteHorse Finance from a “sell” rating to a “hold” rating in a report on Thursday. Roth Capital reissued a “buy” rating on shares of Gold Resource in a report on Tuesday, June 11th. Maxim Group set a $7.00 price target on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research downgraded shares of Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $9.92.

A number of hedge funds and other institutional investors have recently modified their holdings of CECE. BNP Paribas Arbitrage SA lifted its stake in CECO Environmental by 508.2% during the first quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock valued at $46,000 after buying an additional 5,295 shares in the last quarter. Macquarie Group Ltd. lifted its stake in CECO Environmental by 117.6% during the fourth quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock valued at $49,000 after buying an additional 3,948 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in CECO Environmental during the fourth quarter valued at about $73,000. SG Americas Securities LLC purchased a new stake in CECO Environmental during the first quarter valued at about $73,000. Finally, Prudential Financial Inc. purchased a new stake in CECO Environmental during the fourth quarter valued at about $75,000. 66.94% of the stock is owned by institutional investors.

Shares of CECO Environmental stock traded down $0.06 during trading on Monday, hitting $8.87. 53,939 shares of the stock were exchanged, compared to its average volume of 171,717. The company has a fifty day moving average of $9.19. The stock has a market cap of $310.89 million, a PE ratio of 30.59, a PEG ratio of 1.12 and a beta of 0.92. The company has a current ratio of 1.59, a quick ratio of 1.40 and a debt-to-equity ratio of 0.48. CECO Environmental has a 12 month low of $6.44 and a 12 month high of $9.84.

CECO Environmental Company Profile

CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration 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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Earnings History and Estimates for CECO Environmental (NASDAQ:CECE)

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