CECO Environmental (NASDAQ:CECO) Posts Earnings Results, Beats Expectations By $0.05 EPS

CECO Environmental (NASDAQ:CECO) posted its quarterly earnings results on Tuesday. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05, Zacks reports. The business had revenue of $158.60 million for the quarter, compared to analyst estimates of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The business’s revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.28 EPS.

CECO Environmental Trading Down 1.5 %

Shares of NASDAQ:CECO opened at $22.65 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $28.82 and its 200 day moving average price is $28.31. The company has a market cap of $792.27 million, a PE ratio of 68.64, a P/E/G ratio of 1.39 and a beta of 1.41. CECO Environmental has a fifty-two week low of $18.50 and a fifty-two week high of $35.16.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. HC Wainwright lowered shares of CECO Environmental from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Craig Hallum increased their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Northland Securities raised their target price on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Needham & Company LLC lowered their target price on CECO Environmental from $35.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.20.

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.