What is Roth Capital's Estimate for CECO FY2025 Earnings?

Key Points

• Roth Capital has reduced its FY2025 earnings per share (EPS) estimate for CECO Environmental Corp. from $1.03 to $1.01, contrasting with the current consensus estimate of $0.67 per share.
• Despite the downgrade, CECO Environmental maintains a consensus rating of "Buy" from five analysts, with price targets ranging from $42.40 to $55.00.
• CECO Environmental recently reported earnings of $0.24 per share for the quarter, surpassing expectations, with a revenue of $185.39 million, exceeding the forecast of $178.66 million.

CECO Environmental Corp. (NASDAQ:CECO - Free Report) - Research analysts at Roth Capital lowered their FY2025 earnings per share estimates for shares of CECO Environmental in a research note issued to investors on Wednesday, July 30th. Roth Capital analyst G. Sweeney now anticipates that the company will earn $1.01 per share for the year, down from their previous estimate of $1.03. The consensus estimate for CECO Environmental's current full-year earnings is $0.67 per share.

A number of other research analysts have also commented on CECO. Needham & Company LLC increased their price objective on CECO Environmental from $34.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday. Lake Street Capital restated a "buy" rating and set a $56.00 target price on shares of CECO Environmental in a research note on Wednesday. HC Wainwright increased their target price on CECO Environmental from $33.00 to $55.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup restated an "outperform" rating on shares of CECO Environmental in a research note on Wednesday. Finally, Northland Securities set a $51.00 target price on CECO Environmental in a research note on Wednesday. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, CECO Environmental has a consensus rating of "Buy" and an average target price of $49.20.

CECO Environmental Stock Up 0.4%

CECO stock traded up $0.18 during mid-day trading on Thursday, hitting $45.13. The stock had a trading volume of 887,920 shares, compared to its average volume of 316,561. The company has a current ratio of 1.34, a quick ratio of 1.52 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 2.62 and a beta of 1.39. The company has a fifty day moving average of $30.62 and a 200 day moving average of $26.62. CECO Environmental has a 1-year low of $17.57 and a 1-year high of $46.07.

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

Insider Buying and Selling

In related news, Director Claudio A. Mannarino sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $41.51, for a total transaction of $830,200.00. Following the completion of the transaction, the director owned 77,589 shares in the company, valued at $3,220,719.39. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason Dezwirek sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $43.54, for a total value of $1,306,200.00. Following the transaction, the director owned 200,000 shares of the company's stock, valued at $8,708,000. This trade represents a 13.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 120,000 shares of company stock valued at $5,128,900 in the last quarter. Corporate insiders own 18.40% of the company's stock.

Hedge Funds Weigh In On CECO Environmental

Institutional investors have recently bought and sold shares of the business. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in CECO Environmental by 38.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 26,283 shares of the company's stock valued at $744,000 after acquiring an additional 7,295 shares during the period. Peregrine Capital Management LLC grew its position in shares of CECO Environmental by 22.6% in the second quarter. Peregrine Capital Management LLC now owns 294,949 shares of the company's stock valued at $8,350,000 after purchasing an additional 54,397 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in CECO Environmental during the second quarter worth approximately $306,000. William Blair Investment Management LLC grew its position in CECO Environmental by 4.9% during the second quarter. William Blair Investment Management LLC now owns 945,897 shares of the company's stock worth $26,778,000 after buying an additional 44,310 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC bought a new stake in CECO Environmental during the second quarter worth $352,000. Institutional investors own 68.08% 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.