CECO Environmental Corp. (CECE) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.14. The company posted revenue of $103.20 million in the period, compared to analysts expectations of $99.65 million. The company’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on CECO Environmental Corp.. Shares were Reiterated by Needham on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 10 from a previous price target of $13 .CECO Environmental Corp. was Downgraded by Drexel Hamilton to ” Hold” on Mar 11, 2016.
CECO Environmental Corp. opened for trading at $6.33 and hit $6.47 on the upside on Friday, eventually ending the session at $6.42, with a gain of 0.94% or 0.06 points. The heightened volatility saw the trading volume jump to 73,575 shares. Company has a market cap of $212 M.
In a different news, on Jan 6, 2016, Claudio A Mannarino (director) purchased 3,000 shares at $7.11 per share price. According to the SEC, on Dec 15, 2015, Jeffrey Lang (CEO) purchased 13,000 shares at $7.20 per share price. On Dec 7, 2015, Jonathan Pollack (director) purchased 7,000 shares at $7.79 per share price, according to the Form-4 filing with the securities and exchange commission.
CECO Environmental Corp. is an environmental technology company focused on solutions in the product recovery air pollution control fluid handling and filtration industries. 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 as well as fluid handling and filtration systems. It provides a spectrum of products and services including dampers and diverters cyclonic technology thermal oxidizers filtration systems scrubbers fluid handling equipment and plant engineering services and other. It operates through three segments: Air Pollution Control segment which offers product recovery and air pollution control technologies Energy segment which offers solutions for the power and petrochemical industry and Fluid Handling and Filtration Segment which offers pump filtration and fume exhaust solutions.