CECO Environmental Corp. (NASDAQ:CECO) Forecasted to Earn FY2025 Earnings of $1.16 Per Share

CECO Environmental Corp. (NASDAQ:CECO) – Stock analysts at Roth Capital issued their FY2025 earnings estimates for shares of CECO Environmental in a research note issued to investors on Wednesday, May 1st. Roth Capital analyst G. Sweeney expects that the company will earn $1.16 per share for the year. The consensus estimate for CECO Environmental’s current full-year earnings is $0.94 per share.

CECO has been the subject of several other research reports. Northland Securities upped their target price on CECO Environmental from $27.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Roth Mkm upped their price objective on shares of CECO Environmental from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC lifted their target price on shares of CECO Environmental from $23.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday. HC Wainwright restated a “buy” rating and set a $30.00 price target on shares of CECO Environmental in a research report on Wednesday. Finally, Craig Hallum raised their price objective on CECO Environmental from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $27.40.

CECO Environmental Price Performance

CECO opened at $22.45 on Friday. The stock has a market capitalization of $784.40 million, a P/E ratio of 64.14, a PEG ratio of 1.57 and a beta of 1.24. The company has a current ratio of 1.38, a quick ratio of 1.22 and a debt-to-equity ratio of 0.53. CECO Environmental has a 12-month low of $10.68 and a 12-month high of $25.82. The stock has a 50-day moving average price of $22.70 and a 200-day moving average price of $20.36.

CECO Environmental (NASDAQ:CECO) last announced its earnings results on Tuesday, April 30th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. CECO Environmental had a net margin of 2.23% and a return on equity of 11.57%. The company had revenue of $126.30 million during the quarter, compared to analyst estimates of $135.82 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year.

Insider Buying and Selling

In other news, Director Laurie Siegel purchased 2,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average price of $19.87 per share, with a total value of $49,675.00. Following the acquisition, the director now directly owns 7,906 shares in the company, valued at $157,092.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CECO Environmental news, Director Richard F. Wallman bought 5,000 shares of CECO Environmental stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $21.95 per share, with a total value of $109,750.00. Following the completion of the purchase, the director now owns 191,853 shares of the company’s stock, valued at $4,211,173.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Laurie Siegel bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were acquired at an average price of $19.87 per share, with a total value of $49,675.00. Following the acquisition, the director now owns 7,906 shares of the company’s stock, valued at $157,092.22. The disclosure for this purchase can be found here. 16.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC boosted its stake in shares of CECO Environmental by 1.6% during the 1st quarter. Essex Investment Management Co. LLC now owns 205,982 shares of the company’s stock valued at $4,742,000 after purchasing an additional 3,147 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of CECO Environmental by 247.5% during the 1st quarter. BNP Paribas Financial Markets now owns 44,520 shares of the company’s stock worth $1,025,000 after acquiring an additional 31,707 shares during the period. Precision Wealth Strategies LLC bought a new position in shares of CECO Environmental in the 1st quarter worth approximately $255,000. Principal Financial Group Inc. purchased a new position in shares of CECO Environmental in the 1st quarter valued at approximately $379,000. Finally, Robeco Schweiz AG bought a new stake in shares of CECO Environmental during the first quarter valued at approximately $2,738,000. 68.08% of the stock is owned by hedge funds and other institutional investors.

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.