Atb Cap Markets Issues Positive Outlook for TSE:CEU Earnings

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Equities research analysts at Atb Cap Markets boosted their FY2024 earnings per share estimates for shares of CES Energy Solutions in a research note issued on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now anticipates that the company will earn $0.80 per share for the year, up from their previous forecast of $0.73. The consensus estimate for CES Energy Solutions' current full-year earnings is $0.86 per share. Atb Cap Markets also issued estimates for CES Energy Solutions' Q4 2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.86 EPS.

CES Energy Solutions (TSE:CEU - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.20 EPS for the quarter, topping analysts' consensus estimates of C$0.14 by C$0.06. The firm had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million. CES Energy Solutions had a net margin of 8.53% and a return on equity of 27.17%.

A number of other analysts have also recently commented on the company. Scotiabank upped their price target on CES Energy Solutions from C$9.00 to C$10.50 in a research report on Monday. ATB Capital raised their price target on CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. National Bankshares increased their price target on shares of CES Energy Solutions from C$7.00 to C$9.25 and gave the company a "sector perform" rating in a report on Monday, July 29th. BMO Capital Markets lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. Finally, TD Securities increased their price target on CES Energy Solutions from C$9.00 to C$9.50 in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, CES Energy Solutions presently has an average rating of "Buy" and a consensus target price of C$10.16.

CES Energy Solutions Stock Performance

TSE CEU traded up C$0.16 during trading hours on Monday, hitting C$9.18. 400,016 shares of the company's stock traded hands, compared to its average volume of 591,999. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. CES Energy Solutions has a 52 week low of C$3.28 and a 52 week high of C$9.43. The firm has a market capitalization of C$2.15 billion, a P/E ratio of 11.76, a P/E/G ratio of 0.61 and a beta of 2.31. The business's fifty day moving average price is C$7.73 and its two-hundred day moving average price is C$7.35.

Insider Buying and Selling at CES Energy Solutions

In related news, Director John Michael Hooks sold 300,000 shares of the company's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. In other CES Energy Solutions news, Director John Michael Hooks sold 300,000 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$7.23, for a total transaction of C$2,167,680.00. Also, Director Michael Hallat sold 22,610 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of C$7.71, for a total value of C$174,357.02. Insiders sold a total of 400,478 shares of company stock worth $2,927,940 over the last three months. Corporate insiders own 3.03% of the company's stock.

CES Energy Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Tuesday, December 31st. CES Energy Solutions's payout ratio is 15.38%.

CES Energy Solutions Company Profile

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.