CECO Environmental (NASDAQ:CECE – Get Rating) will release earnings data before the market opens on Monday, November 7th. Analysts expect CECO Environmental to post earnings of $0.14 per share in the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.
CECO Environmental (NASDAQ:CECE – Get Rating) last announced quarterly earnings data on Monday, August 8. The industrial products company reported earnings of $0.18 per share for the quarter, beating analyst consensus expectations of $0.11 by $0.07. The company’s revenue for the quarter was $105.38 million, while consensus estimates were $92.01 million. CECO Environmental’s return on equity was 7.32% and net profit margin was 1.92%. On average, analysts expect CECO Environmental to report EPS of $1 in the current fiscal year and EPS of $1 in the next fiscal year.
CECO environmental stock increased by 1.9%
NASDAQ CECE opened at $11.82 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.35 and a debt to equity ratio of 0.44. The stock has a 50-day moving average of $9.90 and a 200-day moving average of $7.64. The company has a market capitalization of $407.78 million, a price/earnings ratio of 59.10, a PEG ratio of 1.25 and a beta of 1.13. CECO Environmental has a one-year low of $4.09 and a one-year high of $12.00.
In related news, director David B. Liner acquired 4,500 shares of the company in a transaction that took place on Tuesday, September 20th. Shares were bought at an average of $9.40 per share, with a total trading value of $42,300.00 for him. Following the transaction, the directors now own directly 104,580 shares of the Company’s stock valued at approximately $983,052. The acquisition is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. In related news, his director, David B. Liner, acquired 4,500 shares of the company in a transaction that took place on Tuesday, September 20th. Shares were bought at an average of $9.40 per share, with a total trading value of $42,300.00 for him. Following the transaction, the directors now own directly 104,580 shares of the Company’s stock valued at approximately $983,052. The acquisition is disclosed in legal documents to the Securities and Exchange Commission, which can be accessed on his website at the SEC. Director Richard F. Wallman also acquired 20,000 shares of the company in a transaction that occurred on Tuesday, August 9th. The shares were purchased for an aggregate price of $179,400.00, averaging $8.97 per share. Following the transaction, the directors now own 30,000 shares in the company directly, valued at $269,100. For disclosure of this purchase, please click here. The insider said last quarter he bought 24,800 shares of company stock worth $224,799. The insider owns his 15.10% of the company’s shares.
institution inflow and outflow
Several institutional investors have recently bought and sold shares of CECE. Engineers Gate Manager LP acquired new shares in CECO Environmental in the first quarter for $57,000. BNP Paribas Arbitrage SA increased his holding of CECO Environmental shares by 64.3% in the second quarter. He owns 12,124 shares in an industrial products company worth $73,000 after BNP Paribas Arbitrage SA purchased a further 4,746 shares during this period. Walleye Capital LLC acquired his stake in CECO Environmental in the second quarter for $109,000. Occudo Quantitative Strategies LP acquired a new stake in his CECO Environmental worth $111,000 in the second quarter. Finally, PDT Partners LLC acquired a new position worth $145,000 in shares of CECO Environmental in the second quarter. An institutional investor owns his 63.26% of the company’s shares.
Wall Street analyst opinion
Many research firms participate in CECE. Craig Hallum kicked off his CECO Environmental coverage with a report on Monday, October 24th. They set a ‘buy’ rating and a $17.00 price target. Needham & Company LLC raised its price target on CECO Environmental shares from his $9.00 to his $11.00 in a research note on Tuesday, Aug. 9, giving the company a “buy” rating. StockNews.com began reporting on his CECO Environmental stock in a research note on Wednesday, October 12th. They gave the company a “buy” rating.Finally, TheStreet upgraded CECO Environmental’s stock from a “c” rating to a “b” rating in his research notes on Wednesday, Aug. 24. Five analysts give the stock a buy rating, according to MarketBeat.com. The stock currently has an average Buy rating with a consensus price target of $14.25.
About CECO Environmental
CECO Environmental Corp. provides industrial air quality and fluid treatment systems worldwide. He operates in two segments, the Engineered Systems segment and the Industrial Process Solutions segment. The company engineers, designs, builds and installs systems that capture, cleanse and destroy airborne and waterborne emissions from industrial facilities, as well as fluid treatment, gas separation and filtration systems.
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