PureCycle Technologies (PCT) Set to Announce Earnings on Tuesday

PureCycle Technologies (NYSE:PCT) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect PureCycle Technologies to post earnings of ($0.18) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

PureCycle Technologies (NYSE:PCT) last posted its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $0.08. On average, analysts expect PureCycle Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PureCycle Technologies Stock Performance

Shares of PureCycle Technologies stock traded down $0.14 during trading hours on Tuesday, reaching $4.82. The company’s stock had a trading volume of 618,076 shares, compared to its average volume of 2,481,532. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $5.56 and its two-hundred day simple moving average is $4.60. PureCycle Technologies has a one year low of $2.38 and a one year high of $11.89.

Insider Buying and Selling at PureCycle Technologies

In other news, Director Fernando Musa bought 18,303 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $5.46 per share, with a total value of $99,934.38. Following the acquisition, the director now owns 68,413 shares of the company’s stock, valued at approximately $373,534.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum downgraded shares of PureCycle Technologies from a “buy” rating to a “hold” rating and set a $4.00 price objective for the company. in a research report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.75.

PureCycle Technologies Company Profile

PureCycle Technologies, Inc engages in the production of recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled polypropylene resin that has multiple applications, including packaging and labeling for consumer products, piping, ropes, cabling, and plastic parts for various industries.