CECO Environmental (NASDAQ:CECO) Issues Earnings Results

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

CECO Environmental Stock Performance

NASDAQ:CECO traded up $1.51 during mid-day trading on Friday, hitting $25.92. The stock had a trading volume of 533,393 shares, compared to its average volume of 288,913. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $22.19 and a 200-day simple moving average of $26.42. The stock has a market capitalization of $912.82 million, a price-to-earnings ratio of 78.55, a P/E/G 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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CECO shares. HC Wainwright upgraded shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday. 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 report on Monday, January 6th. Finally, Needham & Company LLC upped their target price on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CECO Environmental has a consensus rating of "Buy" and a consensus target price of $36.00.

Insider Buying and Selling at CECO Environmental

In other CECO Environmental news, Director Richard F. Wallman purchased 1,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $25.15 per share, with a total value of $25,150.00. Following the completion of the purchase, the director now owns 207,117 shares in the company, valued at $5,208,992.55. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter K. Johansson sold 5,601 shares of CECO Environmental stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $24.15, for a total transaction of $135,264.15. Following the sale, the insider now owns 84,660 shares in the company, valued at approximately $2,044,539. This represents a 6.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 18.40% of the stock is owned by company insiders.

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.