CECO Environmental (NASDAQ:CECO – Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04, Briefing.com reports. CECO Environmental had a net margin of 2.33% and a return on equity of 12.35%. The business had revenue of $137.50 million for the quarter, compared to analyst estimates of $143.33 million. During the same quarter last year, the firm earned $0.15 EPS. CECO Environmental’s quarterly revenue was up 6.4% compared to the same quarter last year. CECO Environmental updated its FY 2024 guidance to EPS.
CECO Environmental Stock Down 2.4 %
CECO traded down $0.69 during trading on Thursday, reaching $28.51. The company had a trading volume of 284,916 shares, compared to its average volume of 287,283. The business’s fifty day moving average price is $26.81 and its 200 day moving average price is $23.71. 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 company has a market cap of $996.14 million, a P/E ratio of 81.46, a PEG ratio of 2.02 and a beta of 1.37. CECO Environmental has a 12 month low of $11.46 and a 12 month high of $31.55.
Insider Transactions at CECO Environmental
In other CECO Environmental news, Director Richard F. Wallman acquired 4,000 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average price of $24.50 per share, with a total value of $98,000.00. Following the completion of the transaction, the director now directly owns 205,319 shares in the company, valued at approximately $5,030,315.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
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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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