HC Wainwright Issues Optimistic Estimate for CECO Earnings

CECO Environmental Corp. (NASDAQ:CECO - Free Report) - Equities researchers at HC Wainwright raised their Q2 2025 earnings estimates for CECO Environmental in a report released on Wednesday, April 30th. HC Wainwright analyst A. Dayal now expects that the company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.23. HC Wainwright has a "Buy" rating and a $33.00 price objective on the stock. The consensus estimate for CECO Environmental's current full-year earnings is $0.67 per share.

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10. The firm had revenue of $176.70 million for the quarter, compared to analysts' expectations of $151.53 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. CECO Environmental's quarterly revenue was up 39.9% on a year-over-year basis.

A number of other brokerages have also recently issued reports on CECO. Needham & Company LLC upped their price objective on shares of CECO Environmental from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Craig Hallum lifted their price objective on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $36.00.

CECO Environmental Stock Up 0.7 %

NASDAQ:CECO traded up $0.18 during trading hours on Thursday, hitting $25.54. 105,520 shares of the stock traded hands, compared to its average volume of 287,671. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. CECO Environmental has a fifty-two week low of $17.57 and a fifty-two week high of $35.16. The firm has a 50 day moving average price of $22.21 and a 200 day moving average price of $26.40. The firm has a market cap of $900.71 million, a price-to-earnings ratio of 77.22, a PEG ratio of 1.39 and a beta of 1.31.

Insider Activity at CECO Environmental

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

Institutional Investors Weigh In On CECO Environmental

Institutional investors and hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of CECO Environmental in the 1st quarter worth about $1,695,000. Foundry Partners LLC increased its stake in shares of CECO Environmental by 14.0% in the 1st quarter. Foundry Partners LLC now owns 172,670 shares of the company's stock worth $3,937,000 after purchasing an additional 21,200 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of CECO Environmental by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 91,350 shares of the company's stock worth $2,083,000 after buying an additional 1,687 shares during the period. Peregrine Capital Management LLC lifted its holdings in CECO Environmental by 15.8% during the first quarter. Peregrine Capital Management LLC now owns 240,552 shares of the company's stock valued at $5,485,000 after purchasing an additional 32,893 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in CECO Environmental by 5.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 442,969 shares of the company's stock worth $10,100,000 after buying an additional 22,981 shares in the last quarter. Hedge funds and other institutional investors own 68.08% 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.