PureCycle Technologies (PCT) Set to Announce Earnings on Thursday

PureCycle Technologies (NYSE:PCT) will be releasing its earnings data before the market opens on Thursday, August 8th. Analysts expect PureCycle Technologies to post earnings of ($0.18) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

PureCycle Technologies (NYSE:PCT) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). 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

NYSE:PCT opened at $6.58 on Wednesday. The company has a fifty day moving average of $6.05 and a two-hundred day moving average of $5.50. The stock has a market capitalization of $1.08 billion, a PE ratio of -6.45 and a beta of 1.62. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.17 and a current ratio of 1.17. PureCycle Technologies has a fifty-two week low of $2.38 and a fifty-two week high of $11.73.

Analyst Ratings Changes

A number of brokerages have recently commented on PCT. Stifel Nicolaus reiterated a “buy” rating and issued a $7.00 target price on shares of PureCycle Technologies in a research report on Wednesday, July 3rd. TD Cowen increased their target price on shares of PureCycle Technologies from $6.00 to $7.50 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.90.

About PureCycle Technologies

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.