Wall Street analysts forecast that CECO Environmental Corp. (NASDAQ:CECE) will report sales of $97.66 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for CECO Environmental Corp.’s earnings. The lowest sales estimate is $93.97 million and the highest is $104.00 million. CECO Environmental Corp. posted sales of $101.60 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.9%. The firm is expected to report its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that CECO Environmental Corp. will report full year sales of $97.66 million for the current year, with estimates ranging from $375.21 million to $401.50 million. For the next fiscal year, analysts forecast that the business will post sales of $401.66 million per share, with estimates ranging from $386.38 million to $417.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow CECO Environmental Corp..

CECO Environmental Corp. (NASDAQ:CECE) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.11). The business had revenue of $93.90 million during the quarter, compared to analyst estimates of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The firm’s revenue was down 16.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share.

Several analysts recently issued reports on the stock. William Blair lowered shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub lowered shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Needham & Company LLC upgraded shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their target price for the company from $9.51 to $13.00 in a research report on Thursday, July 6th. Finally, ValuEngine lowered shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. CECO Environmental Corp. has an average rating of “Hold” and a consensus price target of $13.25.

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In related news, Director Jonathan Pollack bought 6,800 shares of the business’s stock in a transaction on Wednesday, August 16th. The shares were purchased at an average price of $7.31 per share, for a total transaction of $49,708.00. Following the completion of the transaction, the director now directly owns 26,146 shares of the company’s stock, valued at approximately $191,127.26. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jason Dezwirek bought 25,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was bought at an average price of $7.27 per share, for a total transaction of $181,750.00. Following the transaction, the director now directly owns 1,410,616 shares of the company’s stock, valued at $10,255,178.32. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.

Large investors have recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new position in shares of CECO Environmental Corp. during the second quarter worth $101,000. LSV Asset Management acquired a new position in shares of CECO Environmental Corp. during the first quarter worth $104,000. SG Americas Securities LLC acquired a new position in shares of CECO Environmental Corp. during the first quarter worth $112,000. Globeflex Capital L P acquired a new position in shares of CECO Environmental Corp. during the first quarter worth $134,000. Finally, Gotham Asset Management LLC acquired a new position in shares of CECO Environmental Corp. during the first quarter worth $135,000. Institutional investors own 67.94% of the company’s stock.

CECO Environmental Corp. (NASDAQ CECE) opened at 8.38 on Friday. The firm’s market capitalization is $289.01 million. The stock has a 50 day moving average price of $7.90 and a 200 day moving average price of $9.57. CECO Environmental Corp. has a one year low of $6.94 and a one year high of $14.88.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.075 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.30 dividend on an annualized basis and a yield of 3.58%. CECO Environmental Corp.’s dividend payout ratio is currently -25.86%.

About CECO Environmental Corp.

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.

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Earnings History and Estimates for CECO Environmental Corp. (NASDAQ:CECE)

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