CECO Environmental (NASDAQ:CECE) will issue its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
CECO Environmental (NASDAQ:CECE) last issued its quarterly earnings data on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%. The company had revenue of $86.01 million for the quarter, compared to analysts’ expectations of $86.42 million. On average, analysts expect CECO Environmental to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of CECO Environmental stock opened at $9.02 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.40 and a debt-to-equity ratio of 0.48. CECO Environmental has a twelve month low of $6.44 and a twelve month high of $9.84. The company has a market capitalization of $319.67 million, a PE ratio of 31.10, a price-to-earnings-growth ratio of 1.15 and a beta of 0.88. The business has a fifty day simple moving average of $9.18.
CECE has been the topic of several analyst reports. BidaskClub cut shares of CECO Environmental from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Zacks Investment Research raised shares of CECO Environmental from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, May 14th. Roth Capital raised shares of CECO Environmental from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $8.00 to $10.00 in a research note on Tuesday, June 11th. Finally, Maxim Group set a $10.00 price objective on shares of CECO Environmental and gave the stock a “buy” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $9.92.
About CECO Environmental
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
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