Scotiabank Issues Pessimistic Estimate for TSE:CEU Earnings

CES Energy Solutions Corp. (TSE:CEUFree Report) – Research analysts at Scotiabank decreased their FY2024 EPS estimates for CES Energy Solutions in a research report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now expects that the company will earn $0.85 per share for the year, down from their previous estimate of $0.86. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEUGet Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$606.52 million during the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%.

Several other research analysts have also recently weighed in on CEU. Atb Cap Markets cut shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. ATB Capital upped their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. National Bankshares raised their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Thursday, December 19th. Finally, Raymond James lifted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$10.59.

View Our Latest Stock Analysis on CES Energy Solutions

CES Energy Solutions Trading Down 0.8 %

Shares of TSE CEU opened at C$9.59 on Monday. CES Energy Solutions has a 1-year low of C$3.60 and a 1-year high of C$10.20. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The company has a 50-day moving average of C$9.47 and a two-hundred day moving average of C$8.31. The company has a market cap of C$2.24 billion, a PE ratio of 12.29, a P/E/G ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio (DPR) is 15.38%.

Insider Activity

In other news, Senior Officer James Farnsworth Strickland sold 54,587 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of C$9.13, for a total transaction of C$498,215.55. Also, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of C$9.85, for a total transaction of C$197,000.00. Insiders sold 151,347 shares of company stock valued at $1,444,972 in the last quarter. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

(Get Free Report)

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.

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Earnings History and Estimates for CES Energy Solutions (TSE:CEU)

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