CECO Environmental (NASDAQ:CECE) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03), Bloomberg Earnings reports. The firm had revenue of $81.18 million during the quarter, compared to analyst estimates of $86.67 million. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%.
Shares of NASDAQ CECE traded down $0.23 during mid-day trading on Wednesday, reaching $7.94. 167,495 shares of the company were exchanged, compared to its average volume of 160,186. The firm’s 50-day moving average is $9.16. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.59 and a quick ratio of 1.40. The company has a market capitalization of $286.36 million, a PE ratio of 27.38, a P/E/G ratio of 1.13 and a beta of 0.88. CECO Environmental has a twelve month low of $6.44 and a twelve month high of $9.84.
A number of brokerages have commented on CECE. Roth Capital upgraded shares of CECO Environmental from a “neutral” rating to a “buy” rating and increased their price target for the company from $8.00 to $10.00 in a research note on Tuesday, June 11th. BidaskClub cut shares of CECO Environmental from a “hold” rating to a “sell” rating in a research note on Thursday, July 18th. Zacks Investment Research upgraded shares of CECO Environmental from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, May 14th. Maxim Group set a $10.00 target price on shares of CECO Environmental and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, ValuEngine cut shares of CECO Environmental from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. CECO Environmental has an average rating of “Buy” and an average target price of $9.92.
CECO Environmental Company Profile
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
Featured Story: What are Bollinger Bands?
Receive News & Ratings for CECO Environmental Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CECO Environmental and related companies with MarketBeat.com's FREE daily email newsletter.