HC Wainwright Issues Pessimistic Forecast for CECO Earnings

Key Points

• HC Wainwright has lowered CECO Environmental's Q3 2025 earnings forecast from $0.38 to $0.27 per share, while maintaining a "Buy" rating and a $55.00 target price for the stock.
• For the current fiscal year, the consensus estimate for CECO Environmental's earnings stands at $0.67 per share, with projected earnings of $0.97 and $1.80 for FY2025 and FY2026, respectively.
• CEO Todd R. Gleason recently sold around 101,899 shares of the company stock, representing a 19.87% decrease in his ownership, highlighting potential insider sentiment about the stock's future.

CECO Environmental Corp. (NASDAQ:CECO - Free Report) - Research analysts at HC Wainwright decreased their Q3 2025 earnings estimates for CECO Environmental in a research report issued on Thursday, October 2nd. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.27 per share for the quarter, down from their prior forecast of $0.38. HC Wainwright currently has a "Buy" rating and a $55.00 target price on the stock. The consensus estimate for CECO Environmental's current full-year earnings is $0.67 per share. HC Wainwright also issued estimates for CECO Environmental's Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $0.97 EPS and FY2026 earnings at $1.80 EPS.

CECO Environmental (NASDAQ:CECO - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The company had revenue of $185.39 million during the quarter, compared to analyst estimates of $178.66 million. CECO Environmental had a return on equity of 10.00% and a net margin of 7.99%. CECO Environmental has set its FY 2025 guidance at EPS.

CECO has been the subject of a number of other reports. Lake Street Capital reissued a "buy" rating and set a $56.00 price target on shares of CECO Environmental in a research report on Wednesday, July 30th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CECO Environmental in a report on Saturday, September 27th. Needham & Company LLC boosted their price objective on CECO Environmental from $44.00 to $52.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Northland Securities set a $51.00 target price on CECO Environmental in a report on Wednesday, July 30th. Finally, Citigroup reissued an "outperform" rating on shares of CECO Environmental in a report on Wednesday, July 30th. Seven investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, CECO Environmental has an average rating of "Buy" and an average price target of $50.80.

CECO Environmental Trading Down 2.3%

Shares of NASDAQ:CECO opened at $50.28 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.34 and a debt-to-equity ratio of 0.78. CECO Environmental has a 52-week low of $17.57 and a 52-week high of $52.78. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 35.16, a PEG ratio of 3.39 and a beta of 1.28. The business has a 50-day moving average price of $46.93 and a 200-day moving average price of $33.33.

Institutional Trading of CECO Environmental

Several hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. grew its holdings in shares of CECO Environmental by 3.5% in the second quarter. Osaic Holdings Inc. now owns 12,297 shares of the company's stock valued at $348,000 after purchasing an additional 412 shares in the last quarter. Thrivent Financial for Lutherans increased its position in shares of CECO Environmental by 2.0% during the second quarter. Thrivent Financial for Lutherans now owns 757,433 shares of the company's stock worth $21,443,000 after acquiring an additional 15,176 shares during the period. Marex Group plc acquired a new stake in shares of CECO Environmental in the second quarter valued at $707,000. G2 Investment Partners Management LLC acquired a new stake in CECO Environmental in the second quarter valued at approximately $3,397,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of CECO Environmental during the 2nd quarter worth $335,000. Institutional investors and hedge funds own 68.08% of the company's stock.

Insiders Place Their Bets

In related news, CEO Todd R. Gleason sold 101,899 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $49.32, for a total value of $5,025,658.68. Following the completion of the transaction, the chief executive officer directly owned 410,835 shares in the company, valued at approximately $20,262,382.20. This represents a 19.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard F. Wallman acquired 3,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The shares were acquired at an average cost of $44.25 per share, with a total value of $132,750.00. Following the completion of the transaction, the director directly owned 219,909 shares in the company, valued at approximately $9,730,973.25. The trade was a 1.38% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 7,500 shares of company stock valued at $339,915 and have sold 420,000 shares valued at $20,233,754. Insiders own 18.40% of the company's stock.

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.

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