HC Wainwright Cuts Earnings Estimates for CECO Environmental

CECO Environmental Corp. (NASDAQ:CECO) – Stock analysts at HC Wainwright lowered their FY2024 EPS estimates for shares of CECO Environmental in a report issued on Wednesday, October 30th. HC Wainwright analyst A. Dayal now forecasts that the company will post earnings per share of $0.77 for the year, down from their prior estimate of $0.96. HC Wainwright currently has a “Buy” rating and a $35.00 target price on the stock. The consensus estimate for CECO Environmental’s current full-year earnings is $0.93 per share. HC Wainwright also issued estimates for CECO Environmental’s Q2 2025 earnings at $0.24 EPS and Q4 2025 earnings at $0.64 EPS.

CECO Environmental (NASDAQ:CECO) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The firm had revenue of $135.50 million for the quarter, compared to the consensus estimate of $155.94 million. CECO Environmental had a return on equity of 12.35% and a net margin of 2.33%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS.

A number of other equities research analysts have also recently issued reports on the stock. Roth Mkm boosted their target price on shares of CECO Environmental from $26.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Craig Hallum boosted their price objective on shares of CECO Environmental from $28.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Needham & Company LLC decreased their target price on shares of CECO Environmental from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Northland Securities lifted their price target on shares of CECO Environmental from $28.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $34.40.

CECO Environmental Stock Performance

CECO opened at $24.59 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.17. The company has a market capitalization of $859.08 million, a PE ratio of 70.26, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business has a fifty day simple moving average of $27.26 and a 200 day simple moving average of $26.48. CECO Environmental has a 1 year low of $15.65 and a 1 year high of $31.55.

Insider Buying and Selling

In other CECO Environmental news, Director Richard F. Wallman bought 10,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was purchased at an average cost of $28.77 per share, for a total transaction of $287,700.00. Following the completion of the purchase, the director now directly owns 62,000 shares of the company’s stock, valued at approximately $1,783,740. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of CECO Environmental by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 1,526,395 shares of the company’s stock valued at $35,138,000 after purchasing an additional 24,812 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of CECO Environmental by 10.9% during the second quarter. First Eagle Investment Management LLC now owns 657,764 shares of the company’s stock worth $18,976,000 after buying an additional 64,900 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of CECO Environmental by 37.4% during the 2nd quarter. Driehaus Capital Management LLC now owns 586,249 shares of the company’s stock valued at $16,913,000 after acquiring an additional 159,485 shares in the last quarter. Robeco Schweiz AG grew its position in CECO Environmental by 375.2% during the 2nd quarter. Robeco Schweiz AG now owns 565,255 shares of the company’s stock worth $16,308,000 after acquiring an additional 446,305 shares during the last quarter. Finally, Hood River Capital Management LLC acquired a new position in CECO Environmental in the 2nd quarter worth about $15,495,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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.