CECO Environmental Corp. (CECE) Set to Announce Quarterly Earnings on Wednesday
CECO Environmental Corp. (NASDAQ:CECE) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.18 per share for the quarter.
CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.11). CECO Environmental Corp. had a negative net margin of 10.27% and a positive return on equity of 14.60%. The company had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $99.09 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was down 16.4% compared to the same quarter last year. On average, analysts expect CECO Environmental Corp. to post $0.61 EPS for the current fiscal year and $0.8 EPS for the next fiscal year.
Shares of CECO Environmental Corp. (NASDAQ:CECE) opened at 8.77 on Wednesday. The stock’s market capitalization is $302.46 million. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $9.16. CECO Environmental Corp. has a 12 month low of $6.94 and a 12 month high of $14.88.
In other CECO Environmental Corp. news, Director Jonathan Pollack bought 6,800 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average price of $7.31 per share, with a total value of $49,708.00. Following the completion of the transaction, the director now directly owns 26,146 shares in the company, valued at approximately $191,127.26. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jason Dezwirek bought 25,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was acquired at an average cost of $7.27 per share, with a total value of $181,750.00. Following the transaction, the director now 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.
Several brokerages have recently commented on CECE. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Needham & Company LLC raised CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their target price for the stock from $9.51 to $13.00 in a research report on Thursday, July 6th. ValuEngine raised CECO Environmental Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, October 5th. Finally, William Blair cut CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. CECO Environmental Corp. presently has a consensus rating of “Hold” and an average price target of $12.33.
CECO Environmental Corp. Company Profile
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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