HC Wainwright Issues Positive Forecast for CECO Earnings

CECO Environmental Corp. (NASDAQ:CECO - Free Report) - Research analysts at HC Wainwright lifted their Q2 2025 earnings per share estimates for CECO Environmental in a research note issued on Wednesday, April 30th. HC Wainwright analyst A. Dayal now anticipates that the company will post earnings per share of $0.27 for the quarter, up from their previous estimate 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.

Several other research analysts also recently weighed in on CECO. Needham & Company LLC lifted their target price on CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Craig Hallum increased their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the company 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 currently has an average rating of "Buy" and an average price target of $36.00.

CECO Environmental Stock Performance

CECO stock traded down $0.56 on Thursday, hitting $25.36. The company's stock had a trading volume of 420,654 shares, compared to its average volume of 288,376. 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 stock has a market cap of $893.10 million, a price-to-earnings ratio of 76.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.30. CECO Environmental has a 1 year low of $17.57 and a 1 year high of $35.16. The firm has a 50 day moving average of $22.19 and a two-hundred day moving average of $26.42.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CECO Environmental by 3.7% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,652 shares of the company's stock worth $503,000 after buying an additional 591 shares during the period. Rhumbline Advisers grew its position in CECO Environmental by 2.7% in the 4th quarter. Rhumbline Advisers now owns 40,614 shares of the company's stock worth $1,228,000 after purchasing an additional 1,080 shares during the last quarter. Jones Financial Companies Lllp increased its stake in CECO Environmental by 127.0% during the fourth quarter. Jones Financial Companies Lllp now owns 2,963 shares of the company's stock valued at $90,000 after acquiring an additional 1,658 shares during the period. Bank of New York Mellon Corp increased its holdings in CECO Environmental by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 91,350 shares of the company's stock valued at $2,083,000 after buying an additional 1,687 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in CECO Environmental by 18.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,373 shares of the company's stock worth $344,000 after purchasing an additional 1,779 shares during the period. Institutional investors and hedge funds own 68.08% of the company's stock.

Insiders Place Their Bets

In other CECO Environmental news, insider Peter K. Johansson sold 22,500 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $22.80, for a total value of $513,000.00. Following the transaction, the insider now directly owns 62,160 shares of the company's stock, valued at $1,417,248. This represents a 26.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard F. Wallman acquired 1,000 shares of CECO Environmental stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $25.15 per share, with a total value of $25,150.00. Following the purchase, 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 disclosure for this purchase can be found here. Corporate 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.