Wall Street brokerages expect CECO Environmental Corp. (NASDAQ:CECE) to post sales of $97.66 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for CECO Environmental Corp.’s earnings, with the highest sales estimate coming in at $104.00 million and the lowest estimate coming in at $93.97 million. CECO Environmental Corp. reported sales of $101.60 million during the same quarter last year, which indicates a negative year-over-year growth rate of 3.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 14th.

According to Zacks, 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 year, analysts anticipate that the firm 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 averages are an average based on a survey of sell-side research firms that follow CECO Environmental Corp..

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

Several research firms have recently issued reports on CECE. William Blair cut shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 11th. Zacks Investment Research upgraded shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of CECO Environmental Corp. from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. BidaskClub cut shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Needham & Company LLC upgraded shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $9.51 to $13.00 in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.33.

ILLEGAL ACTIVITY NOTICE: “Analysts Expect CECO Environmental Corp. (CECE) Will Announce Quarterly Sales of $97.66 Million” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/12/analysts-expect-ceco-environmental-corp-cece-will-announce-quarterly-sales-of-97-66-million.html.

Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 8.73 on Thursday. The stock’s market cap is $301.08 million. The company’s 50 day moving average price is $8.04 and its 200 day moving average price is $9.34. CECO Environmental Corp. has a 52-week low of $6.94 and a 52-week high of $14.88.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend was Thursday, September 14th. CECO Environmental Corp.’s dividend payout ratio (DPR) is presently -25.86%.

In other CECO Environmental Corp. news, Director Jason Dezwirek bought 25,000 shares of CECO Environmental Corp. stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the acquisition, the director now owns 1,410,616 shares of the company’s stock, valued at approximately $10,255,178.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jonathan Pollack bought 6,800 shares of CECO Environmental Corp. stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $7.31 per share, with a total value of $49,708.00. Following the completion of the acquisition, the director now directly owns 26,146 shares of the company’s stock, valued at approximately $191,127.26. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. American International Group Inc. boosted its holdings in CECO Environmental Corp. by 7.1% during the first quarter. American International Group Inc. now owns 18,019 shares of the industrial products company’s stock worth $189,000 after buying an additional 1,187 shares in the last quarter. Martingale Asset Management L P boosted its holdings in CECO Environmental Corp. by 1.1% during the second quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock worth $1,060,000 after buying an additional 1,200 shares in the last quarter. Rhumbline Advisers boosted its holdings in CECO Environmental Corp. by 3.6% during the second quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock worth $325,000 after buying an additional 1,240 shares in the last quarter. Martin & Co. Inc. TN boosted its holdings in CECO Environmental Corp. by 0.9% during the second quarter. Martin & Co. Inc. TN now owns 171,035 shares of the industrial products company’s stock worth $1,570,000 after buying an additional 1,550 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in CECO Environmental Corp. by 1.7% during the second quarter. American Century Companies Inc. now owns 116,459 shares of the industrial products company’s stock worth $1,069,000 after buying an additional 1,952 shares in the last quarter. Hedge funds and other institutional investors own 67.94% of the company’s stock.

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.

Get a free copy of the Zacks research report on CECO Environmental Corp. (CECE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for CECO Environmental Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental Corp. and related companies with MarketBeat.com's FREE daily email newsletter.