TSE:CEU FY2024 EPS Forecast Lifted by Atb Cap Markets

CES Energy Solutions Corp. (TSE:CEU) – Stock analysts at Atb Cap Markets increased their FY2024 earnings per share (EPS) estimates for shares of CES Energy Solutions in a research report issued to clients and investors on Thursday, November 7th. Atb Cap Markets analyst T. Monachello now forecasts that the company will earn $0.80 per share for the year, up from their previous forecast of $0.73. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share. Atb Cap Markets also issued estimates for CES Energy Solutions’ Q4 2024 earnings at $0.18 EPS, Q1 2025 earnings at $0.21 EPS, Q2 2025 earnings at $0.19 EPS, Q3 2025 earnings at $0.22 EPS, Q4 2025 earnings at $0.22 EPS, FY2025 earnings at $0.83 EPS and FY2026 earnings at $0.86 EPS.

CES Energy Solutions (TSE:CEU) last posted its earnings results on Wednesday, November 6th. The company reported C$0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.14 by C$0.06. The company had revenue of C$606.52 million for the quarter, compared to analysts’ expectations of C$582.25 million. CES Energy Solutions had a return on equity of 27.17% and a net margin of 8.53%.

A number of other research firms have also recently commented on CEU. BMO Capital Markets raised their target price on CES Energy Solutions from C$10.00 to C$12.00 in a research note on Friday, August 9th. National Bankshares upped their price target on CES Energy Solutions from C$7.00 to C$9.25 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. Royal Bank of Canada boosted their target price on CES Energy Solutions from C$10.00 to C$11.00 in a report on Thursday, November 7th. Raymond James upped their price target on shares of CES Energy Solutions from C$10.50 to C$10.75 in a research note on Tuesday, October 15th. Finally, ATB Capital increased their price target on shares of CES Energy Solutions from C$8.50 to C$9.75 in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$10.16.

CES Energy Solutions Stock Up 1.9 %

Shares of TSE CEU opened at C$9.19 on Monday. CES Energy Solutions has a 12 month low of C$3.28 and a 12 month high of C$9.43. The company has a current ratio of 3.18, a quick ratio of 1.78 and a debt-to-equity ratio of 51.40. The firm has a fifty day simple moving average of C$7.75 and a two-hundred day simple moving average of C$7.38. The firm has a market capitalization of C$2.15 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.61 and a beta of 2.31.

CES Energy Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, December 31st. CES Energy Solutions’s payout ratio is currently 15.38%.

Insider Buying and Selling

In related news, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. In other CES Energy Solutions news, Director Michael Hallat sold 22,610 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of C$7.71, for a total value of C$174,357.02. Also, Senior Officer Kenneth Earl Zinger sold 72,786 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of C$7.52, for a total value of C$547,350.72. Over the last quarter, insiders have sold 400,478 shares of company stock valued at $2,927,940. 3.03% of the stock is owned by insiders.

About CES Energy Solutions

CES Energy Solutions Corp., together with its subsidiaries, engages in design, implement, and manufacture of advanced consumable fluids and specialty chemicals in the United States and Canada. The company provides solutions for drill-bit, point of completion and stimulation, wellhead and pump-jack, and pipeline and midstream markets.