CES Energy Solutions Corp. (TSE:CEU - Free Report) - Research analysts at Atb Cap Markets increased their FY2024 earnings per share (EPS) estimates for CES Energy Solutions in a report issued on Tuesday, December 10th. Atb Cap Markets analyst T. Monachello now anticipates that the company will post earnings of $0.82 per share for the year, up from their prior forecast of $0.80. Atb Cap Markets has a "Hold" rating on the stock. 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 $0.19 EPS, Q1 2025 earnings at $0.23 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.24 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.89 EPS, Q1 2026 earnings at $0.24 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.24 EPS and FY2026 earnings at $0.92 EPS.
Several other brokerages have also weighed in on CEU. Raymond James upped their price objective on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. Royal Bank of Canada lifted their price objective on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research note on Thursday, November 7th. Scotiabank increased their target price on shares of CES Energy Solutions from C$9.00 to C$10.50 in a research note on Monday, November 11th. Finally, ATB Capital lifted their price target on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$10.31.
View Our Latest Analysis on CEU
CES Energy Solutions Price Performance
Shares of CEU stock traded up C$0.01 during midday trading on Thursday, reaching C$9.64. 440,385 shares of the company were exchanged, compared to its average volume of 599,154. The company has a market cap of C$2.26 billion, a P/E ratio of 12.36, a PEG ratio of 0.61 and a beta of 2.31. The company has a debt-to-equity ratio of 51.40, a quick ratio of 1.78 and a current ratio of 3.18. CES Energy Solutions has a 12 month low of C$3.30 and a 12 month high of C$9.99. The company's 50 day moving average price is C$8.66 and its two-hundred day moving average price is C$7.90.
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, beating the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$606.52 million for 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%.
Insider Buying and Selling
In other CES Energy Solutions news, Senior Officer Anthony Michael Aulicino sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of C$9.85, for a total value of C$197,000.00. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total transaction of C$547,350.72. In the last 90 days, insiders sold 492,732 shares of company stock valued at $3,781,982. Company insiders own 3.03% of the company's stock.
CES Energy Solutions Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions's dividend payout ratio is 15.38%.
CES Energy Solutions Company Profile
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Get Free Report)
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.
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