CECO Environmental (CECO) Set to Announce Quarterly Earnings on Tuesday

CECO Environmental (NASDAQ:CECO - Get Free Report) is set to post its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect CECO Environmental to post earnings of $0.11 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $153.71 million during the quarter, compared to analyst estimates of $149.10 million. CECO Environmental had a net margin of 2.37% and a return on equity of 11.57%. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, analysts expect CECO Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CECO Environmental Stock Performance

CECO traded up $0.66 during trading on Tuesday, hitting $23.83. 219,648 shares of the company traded hands, compared to its average volume of 241,899. The firm has a market cap of $830.93 million, a P/E ratio of 64.41, a price-to-earnings-growth ratio of 1.59 and a beta of 1.23. The stock's fifty day moving average is $22.25 and its 200 day moving average is $20.05. The company has a quick ratio of 1.22, a current ratio of 1.39 and a debt-to-equity ratio of 0.53. CECO Environmental has a one year low of $10.68 and a one year high of $24.43.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. HC Wainwright increased their price target on shares of CECO Environmental from $22.00 to $30.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Northland Securities upped their price objective on shares of CECO Environmental from $27.00 to $28.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Needham & Company LLC upped their price objective on shares of CECO Environmental from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Finally, Roth Mkm upped their price objective on shares of CECO Environmental from $22.00 to $25.00 and gave the company a "buy" rating in a report on Wednesday, March 6th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, CECO Environmental currently has an average rating of "Buy" and a consensus price target of $26.50.

Insider Transactions at CECO Environmental

In other news, Director Laurie Siegel purchased 2,500 shares of the stock in a transaction dated Wednesday, March 6th. The shares were purchased at an average cost of $19.87 per share, with a total value of $49,675.00. Following the completion of the acquisition, the director now owns 7,906 shares in the company, valued at approximately $157,092.22. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 15.80% of the company's stock.

CECO Environmental Company Profile

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.