Equities analysts predict that CECO Environmental Corp. (NASDAQ:CECE) will post sales of $86.67 million for the current quarter, according to Zacks. Three analysts have made estimates for CECO Environmental’s earnings, with the highest sales estimate coming in at $88.51 million and the lowest estimate coming in at $85.51 million. CECO Environmental posted sales of $81.09 million in the same quarter last year, which suggests a positive year over year growth rate of 6.9%. The firm is expected to issue its next earnings report before the market opens on Tuesday, August 6th.
On average, analysts expect that CECO Environmental will report full year sales of $355.99 million for the current financial year, with estimates ranging from $352.73 million to $358.00 million. For the next year, analysts anticipate that the firm will post sales of $372.03 million, with estimates ranging from $369.00 million to $377.29 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow CECO Environmental.
CECO Environmental (NASDAQ:CECE) last announced its earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $86.01 million for the quarter, compared to the consensus estimate of $86.42 million. CECO Environmental had a positive return on equity of 6.82% and a negative net margin of 3.16%.
Shares of CECE traded up $0.01 during midday trading on Wednesday, reaching $8.88. The stock had a trading volume of 39,316 shares, compared to its average volume of 109,260. CECO Environmental has a 52 week low of $6.44 and a 52 week high of $9.84. The company has a quick ratio of 1.40, a current ratio of 1.59 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $9.19. The firm has a market cap of $310.91 million, a P/E ratio of 30.62, a P/E/G ratio of 1.12 and a beta of 0.92.
Several institutional investors and hedge funds have recently bought and sold shares of CECE. Janney Montgomery Scott LLC grew its holdings in shares of CECO Environmental by 18.9% during the first quarter. Janney Montgomery Scott LLC now owns 139,956 shares of the industrial products company’s stock valued at $1,008,000 after buying an additional 22,200 shares in the last quarter. Macquarie Group Ltd. raised its position in CECO Environmental by 117.6% in the 4th quarter. Macquarie Group Ltd. now owns 7,304 shares of the industrial products company’s stock worth $49,000 after purchasing an additional 3,948 shares during the period. DNB Asset Management AS raised its position in CECO Environmental by 8.2% in the 1st quarter. DNB Asset Management AS now owns 285,383 shares of the industrial products company’s stock worth $2,055,000 after purchasing an additional 21,507 shares during the period. BNP Paribas Arbitrage SA raised its position in CECO Environmental by 508.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,337 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 5,295 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new position in CECO Environmental in the 4th quarter worth $73,000. 66.99% of the stock is currently owned by institutional investors.
CECO Environmental Company Profile
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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