What is Scotiabank’s Forecast for TSE:CEU FY2027 Earnings?

CES Energy Solutions Corp. (TSE:CEU) – Equities researchers at Scotiabank upped their FY2027 earnings per share estimates for CES Energy Solutions in a note issued to investors on Thursday, October 22nd. Scotiabank analyst J. Goldman now expects that the company will post earnings per share of $1.26 for the year, up from their prior forecast of $1.24. The consensus estimate for CES Energy Solutions’ current full-year earnings is $0.86 per share.

CES Energy Solutions (TSE:CEU) last issued its earnings results on Thursday, August 6th. The company reported C$0.18 earnings per share for the quarter. The company had revenue of C$714.08 million during the quarter. CES Energy Solutions had a return on equity of 23.68% and a net margin of 7.36%.

A number of other analysts have also recently commented on CEU. Raymond James Financial boosted their target price on shares of CES Energy Solutions from C$23.00 to C$25.00 and gave the company an “outperform” rating in a report on Monday, August 10th. TD upped their price target on CES Energy Solutions from C$18.00 to C$19.00 and gave the stock a “hold” rating in a research note on Tuesday. Scotia boosted their target price on CES Energy Solutions from C$21.00 to C$22.00 and gave the stock a “sector outperform” rating in a report on Monday, August 10th. Finally, National Bank Financial upgraded shares of CES Energy Solutions from a “hold” rating to an “outperform” rating and set a C$20.00 price target on the stock in a research note on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CES Energy Solutions currently has a consensus rating of “Moderate Buy” and an average price target of C$19.83.

CES Energy Solutions Price Performance

CEU opened at C$19.76 on Friday. The company has a debt-to-equity ratio of 55.36, a quick ratio of 1.78 and a current ratio of 2.70. The stock’s 50 day moving average price is C$18.97 and its 200-day moving average price is C$17.93. The stock has a market capitalization of C$4.14 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.61 and a beta of 0.94. CES Energy Solutions has a 52-week low of C$9.17 and a 52-week high of C$20.83.

Insiders Place Their Bets

In other news, Director John Michael Hooks sold 87,640 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$18.98, for a total transaction of C$1,663,407.20. Following the completion of the sale, the director owned 866,051 shares of the company’s stock, valued at C$16,437,647.98. This represents a 9.19% decrease in their position. Corporate insiders own 3.03% of the company’s stock.

CES Energy Solutions Company Profile

CES is a leading provider of technically advanced consumable chemical solutions throughout the lifecycle of the oilfield. This includes solutions at the drill-bit, at the point of completion and stimulation, at the wellhead and pump-jack, and finally through to the pipeline and midstream market. CES’ business model is relatively asset light and requires limited re-investment capital to grow. As a result, CES has been able to capitalize on the growing market demand for drilling fluids and production and specialty chemicals in North America while generating free cash flow.