CECO Environmental (NASDAQ:CECO – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04, Briefing.com reports. The company had revenue of $137.50 million for the quarter, compared to analyst estimates of $143.33 million. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.15 earnings per share. CECO Environmental updated its FY 2024 guidance to EPS.
CECO Environmental Stock Down 2.4 %
Shares of NASDAQ:CECO traded down $0.69 during midday trading on Thursday, reaching $28.51. The company had a trading volume of 270,688 shares, compared to its average volume of 287,186. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.36 and a quick ratio of 1.19. The stock’s fifty day moving average price is $26.81 and its 200-day moving average price is $23.71. The stock has a market capitalization of $996.14 million, a P/E ratio of 83.43, a PEG ratio of 2.02 and a beta of 1.37. CECO Environmental has a one year low of $11.46 and a one year high of $31.55.
Insider Buying and Selling
In other CECO Environmental news, Director Richard F. Wallman acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $24.50 per share, with a total value of $98,000.00. Following the completion of the acquisition, the director now directly owns 205,319 shares in the company, valued at approximately $5,030,315.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 16.90% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on CECO
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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