CECO Environmental (NASDAQ:CECO – Get Free Report) released its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05), Briefing.com reports. The company had revenue of $135.50 million during the quarter, compared to the consensus estimate of $155.94 million. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. CECO Environmental updated its FY 2024 guidance to EPS and its FY 2025 guidance to EPS.
CECO Environmental Trading Down 4.1 %
NASDAQ CECO traded down $1.00 on Thursday, hitting $23.59. The company’s stock had a trading volume of 99,065 shares, compared to its average volume of 261,905. The firm has a market cap of $824.73 million, a P/E ratio of 72.21, a PEG ratio of 2.01 and a beta of 1.33. The company’s 50-day simple moving average is $27.26 and its 200 day simple moving average is $26.48. CECO Environmental has a 52-week low of $15.65 and a 52-week high of $31.55. The company has a current ratio of 1.36, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50.
Insider Buying and Selling
In related news, Director Richard F. Wallman bought 10,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were bought at an average cost of $28.77 per share, for a total transaction of $287,700.00. Following the completion of the transaction, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 16.90% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on CECO Environmental
About CECO Environmental
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.
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