Scotiabank Expects Higher Earnings for CES Energy Solutions

CES Energy Solutions Corp. (TSE:CEU - Free Report) - Equities researchers at Scotiabank upped their FY2025 EPS estimates for CES Energy Solutions in a report issued on Wednesday, January 8th. Scotiabank analyst J. Goldman now anticipates that the company will post earnings per share of $0.92 for the year, up from their prior estimate of $0.88. The consensus estimate for CES Energy Solutions' current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEU - Get Free Report) last released its 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. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%. The firm had revenue of C$606.52 million during the quarter, compared to analyst estimates of C$582.25 million.

A number of other analysts also recently issued reports on the stock. National Bankshares increased their target price on shares of CES Energy Solutions from C$10.00 to C$11.50 and gave the stock a "sector perform" rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their price objective on CES Energy Solutions from C$10.00 to C$11.00 in a research report on Thursday, November 7th. Raymond James upped their price target on CES Energy Solutions from C$10.50 to C$10.75 in a report on Tuesday, October 15th. ATB Capital boosted their target price on shares of CES Energy Solutions from C$10.00 to C$11.00 in a research report on Tuesday, December 10th. Finally, Atb Cap Markets downgraded shares of CES Energy Solutions from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, CES Energy Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of C$10.59.

CES Energy Solutions Trading Down 1.1 %

CES Energy Solutions stock traded down C$0.11 during midday trading on Friday, reaching C$9.67. The stock had a trading volume of 497,832 shares, compared to its average volume of 590,644. The stock has a market capitalization of C$2.26 billion, a PE ratio of 12.40, a price-to-earnings-growth 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. The stock's 50-day simple moving average is C$9.44 and its 200 day simple moving average is C$8.29. CES Energy Solutions has a twelve month low of C$3.47 and a twelve month high of C$10.20.

Insider Buying and Selling at CES Energy Solutions

In other news, Director Michael Hallat sold 22,610 shares of CES Energy Solutions stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total transaction of C$174,357.02. Also, Director Stella Cosby sold 4,304 shares of CES Energy Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of C$10.00, for a total value of C$43,040.00. Insiders have sold 173,957 shares of company stock valued at $1,619,329 in the last quarter. Corporate insiders own 3.03% of the company's stock.

CES Energy Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions's payout ratio is currently 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.