CES Energy Solutions Corp. (TSE:CEU – Free 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:CEU – Get 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%.
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
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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