CECO Environmental Corp. (NASDAQ:CECE) – Investment analysts at Jefferies Group cut their FY2018 earnings per share estimates for CECO Environmental Corp. in a research note issued on Tuesday. Jefferies Group analyst B. Bohra now anticipates that the industrial products company will post earnings per share of $0.91 for the year, down from their previous estimate of $1.04. Jefferies Group has a “Hold” rating and a $11.00 price target on the stock.
CECO Environmental Corp. (NASDAQ:CECE) last released its quarterly earnings data on Wednesday, May 10th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. CECO Environmental Corp. had a return on equity of 11.22% and a net margin of 2.35%. The company had revenue of $92.70 million for the quarter, compared to analyst estimates of $97.10 million. During the same period last year, the company posted $0.18 earnings per share. The firm’s revenue was down 10.2% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “FY2018 EPS Estimates for CECO Environmental Corp. Cut by Jefferies Group (CECE)” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/05/19/fy2018-eps-estimates-for-ceco-environmental-corp-cut-by-jefferies-group-cece.html.
Several other equities analysts have also recently commented on the stock. TheStreet cut shares of CECO Environmental Corp. from a “b-” rating to a “c-” rating in a report on Thursday, March 9th. Needham & Company LLC restated a “buy” rating and set a $13.00 price target on shares of CECO Environmental Corp. in a report on Thursday, February 16th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.25.
CECO Environmental Corp. (NASDAQ:CECE) traded up 1.70% on Friday, reaching $9.55. The company’s stock had a trading volume of 57,968 shares. The stock has a 50 day moving average price of $10.71 and a 200-day moving average price of $12.00. CECO Environmental Corp. has a 1-year low of $7.68 and a 1-year high of $14.88. The company’s market capitalization is $329.10 million.
In other CECO Environmental Corp. news, CEO Dennis Sadlowski acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average cost of $10.46 per share, for a total transaction of $41,840.00. Following the completion of the acquisition, the chief executive officer now owns 12,828 shares of the company’s stock, valued at approximately $134,180.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased 6,000 shares of company stock valued at $62,430 over the last quarter. 15.20% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the company. LSV Asset Management acquired a new stake in shares of CECO Environmental Corp. during the first quarter worth about $104,000. SG Americas Securities LLC acquired a new stake in shares of CECO Environmental Corp. during the first quarter worth about $112,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of CECO Environmental Corp. during the first quarter worth about $118,000. Globeflex Capital L P acquired a new stake in shares of CECO Environmental Corp. during the first quarter worth about $134,000. Finally, Gotham Asset Management LLC acquired a new stake in shares of CECO Environmental Corp. during the first quarter worth about $135,000. Hedge funds and other institutional investors own 58.06% of the company’s stock.
About CECO Environmental Corp.
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.
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