HC Wainwright Issues Pessimistic Outlook for CECO Earnings

CECO Environmental Corp. (NASDAQ:CECO) – HC Wainwright dropped their Q1 2025 EPS estimates for CECO Environmental in a report released on Wednesday, February 26th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings of $0.09 per share for the quarter, down from their previous forecast of $0.11. HC Wainwright currently has a “Neutral” rating on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.67 per share.

A number of other equities research analysts also recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $33.00 price objective on shares of CECO Environmental in a research report on Wednesday. Northland Securities upped their price objective on shares of CECO Environmental from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Finally, Craig Hallum upped their price objective on shares of CECO Environmental from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, CECO Environmental currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.20.

CECO Environmental Trading Up 0.0 %

NASDAQ:CECO opened at $24.52 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.30 and a quick ratio of 1.12. The firm has a 50-day moving average of $28.60 and a 200-day moving average of $28.26. The company has a market cap of $857.69 million, a PE ratio of 74.31, a PEG ratio of 1.39 and a beta of 1.41. CECO Environmental has a one year low of $18.50 and a one year high of $35.16.

CECO Environmental (NASDAQ:CECO) last posted its earnings results on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a net margin of 2.16% and a return on equity of 11.12%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new position in CECO Environmental in the fourth quarter valued at about $74,000. Mackenzie Financial Corp purchased a new position in CECO Environmental in the fourth quarter valued at about $56,000. Gordian Capital Singapore Pte Ltd boosted its stake in CECO Environmental by 86.2% in the fourth quarter. Gordian Capital Singapore Pte Ltd now owns 66,098 shares of the company’s stock valued at $1,998,000 after acquiring an additional 30,598 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CECO Environmental by 18.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 88,137 shares of the company’s stock valued at $2,664,000 after acquiring an additional 13,930 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new position in CECO Environmental in the fourth quarter valued at about $949,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.

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.