Pure Cycle (NASDAQ:PCYO) Announces Quarterly Earnings Results

Posted by Grant Hamersma on Jan 9th, 2025

Pure Cycle (NASDAQ:PCYO – Get Free Report) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, Zacks reports. Pure Cycle had a net margin of 40.40% and a return on equity of 9.41%.

Pure Cycle Stock Performance

Shares of PCYO opened at $11.98 on Thursday. The stock has a 50 day moving average of $12.93 and a 200 day moving average of $11.22. The company has a current ratio of 4.05, a quick ratio of 3.66 and a debt-to-equity ratio of 0.05. Pure Cycle has a 12 month low of $8.94 and a 12 month high of $14.63. The company has a market capitalization of $288.42 million, a price-to-earnings ratio of 24.96 and a beta of 1.03.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Pure Cycle from a “sell” rating to a “buy” rating in a report on Monday, November 18th.

Check Out Our Latest Stock Report on PCYO

Insider Buying and Selling at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the transaction, the director now directly owns 2,668,778 shares of the company’s stock, valued at $34,960,991.80. This represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 17.20% of the company’s stock.

About Pure Cycle

(Get Free Report)

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.