Scotiabank Has Strong Forecast for TSE:CEU FY2025 Earnings

CES Energy Solutions Corp. (TSE:CEU) – Scotiabank raised their FY2025 earnings per share (EPS) estimates for CES Energy Solutions in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $0.92 for the year, up from their prior forecast of $0.88. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

Several other equities research analysts have also issued reports on CEU. Raymond James lifted their target price on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research report on Tuesday, October 15th. Atb Cap Markets lowered shares of CES Energy Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. ATB Capital lifted their price target on CES Energy Solutions from C$10.00 to C$11.00 in a research note on Tuesday, December 10th. National Bankshares raised their price objective on CES Energy Solutions from C$10.00 to C$11.50 and gave the company a “sector perform” rating in a report on Thursday, December 19th. Finally, Royal Bank of Canada boosted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$10.59.

CES Energy Solutions Stock Performance

Shares of CEU opened at C$9.78 on Friday. CES Energy Solutions has a 52-week low of C$3.43 and a 52-week high of C$10.20. The stock’s 50-day simple moving average is C$9.40 and its 200 day simple moving average is C$8.27. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.14 by C$0.06. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%. The business had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million.

Insider Activity

In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total transaction of C$174,357.02. Also, Director Stella Cosby sold 4,304 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of C$10.00, for a total transaction of C$43,040.00. Insiders sold a total of 173,957 shares of company stock valued at $1,619,329 in the last 90 days. Company insiders own 3.03% of the company’s stock.

CES Energy Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions’s dividend payout ratio is presently 15.38%.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.