CECO Environmental (NASDAQ:CECO) Releases Quarterly Earnings Results, Meets Estimates

CECO Environmental (NASDAQ:CECO - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.10, Zacks reports. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm had revenue of $176.70 million for the quarter, compared to analyst estimates of $151.53 million. The firm's quarterly revenue was up 39.9% compared to the same quarter last year. CECO Environmental updated its FY 2025 guidance to EPS.

CECO Environmental Trading Up 6.2 %

Shares of CECO stock traded up $1.51 during trading on Friday, hitting $25.92. 533,393 shares of the stock traded hands, compared to its average volume of 287,845. The firm has a market capitalization of $912.82 million, a P/E ratio of 78.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. CECO Environmental has a 52-week low of $17.57 and a 52-week high of $35.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The firm's fifty day moving average price is $22.19 and its 200-day moving average price is $26.42.

Insiders Place Their Bets

In related news, Director Richard F. Wallman acquired 1,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $25.15 per share, for a total transaction of $25,150.00. Following the acquisition, the director now owns 207,117 shares in the company, valued at $5,208,992.55. The trade was a 0.49 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter K. Johansson sold 22,500 shares of CECO Environmental stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $22.80, for a total transaction of $513,000.00. Following the completion of the sale, the insider now owns 62,160 shares of the company's stock, valued at $1,417,248. This trade represents a 26.58 % decrease in their position. The disclosure for this sale can be found here. 18.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CECO. HC Wainwright raised shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a report on Wednesday. Needham & Company LLC upped their price objective on shares of CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Craig Hallum raised their target price on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, CECO Environmental presently has an average rating of "Buy" and an average target price of $36.00.

About CECO Environmental

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.