Northland Capmk Analysts Lower Earnings Estimates for CECO

CECO Environmental Corp. (NASDAQ:CECO - Free Report) - Investment analysts at Northland Capmk reduced their Q2 2025 earnings per share (EPS) estimates for shares of CECO Environmental in a report released on Wednesday, February 26th. Northland Capmk analyst B. Brooks now forecasts that the company will earn $0.21 per share for the quarter, down from their previous forecast of $0.27. The consensus estimate for CECO Environmental's current full-year earnings is $0.67 per share.

Several other analysts also recently commented on the company. Northland Securities upped their price objective on CECO Environmental from $35.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, December 20th. Craig Hallum increased their target price on CECO Environmental from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Needham & Company LLC reissued a "buy" rating and set a $33.00 target price on shares of CECO Environmental in a research note on Wednesday. Finally, HC Wainwright reissued a "neutral" rating on shares of CECO Environmental in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, CECO Environmental has a consensus rating of "Moderate Buy" and a consensus price target of $36.20.

CECO Environmental Stock Performance

CECO traded down $0.30 on Thursday, hitting $24.88. 269,947 shares of the company traded hands, compared to its average volume of 304,337. The company has a 50 day moving average of $28.42 and a 200-day moving average of $28.23. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $870.28 million, a PE ratio of 75.40, a PEG ratio of 1.39 and a beta of 1.41. CECO Environmental has a 12-month low of $18.50 and a 12-month high of $35.16.

Remove Ads

CECO Environmental (NASDAQ:CECO - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $158.60 million during the quarter, compared to the consensus estimate of $156.09 million. CECO Environmental had a return on equity of 11.12% and a net margin of 2.16%. The firm's revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 EPS.

Institutional Investors Weigh In On CECO Environmental

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of CECO Environmental by 25.4% in the 3rd quarter. HighTower Advisors LLC now owns 17,669 shares of the company's stock worth $501,000 after acquiring an additional 3,581 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of CECO Environmental by 185.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 235,497 shares of the company's stock worth $6,641,000 after acquiring an additional 152,893 shares during the period. Barclays PLC grew its holdings in shares of CECO Environmental by 115.0% in the 3rd quarter. Barclays PLC now owns 63,615 shares of the company's stock worth $1,795,000 after acquiring an additional 34,027 shares during the period. Geode Capital Management LLC grew its holdings in CECO Environmental by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 689,487 shares of the company's stock valued at $19,448,000 after buying an additional 11,857 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in CECO Environmental by 41.6% during the 4th quarter. Van ECK Associates Corp now owns 538,092 shares of the company's stock valued at $16,267,000 after buying an additional 158,215 shares during the last quarter. Institutional investors and hedge funds own 68.08% of the company's stock.

Insider Transactions at CECO Environmental

In other news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $25.15 per share, for a total transaction of $25,150.00. Following the acquisition, the director now directly owns 207,117 shares in the company, valued at approximately $5,208,992.55. The trade was a 0.49 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 16.90% of the company's stock.

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.