PureCycle Technologies (PCT) Set to Announce Earnings on Thursday

PureCycle Technologies (NYSE:PCT) will be posting its quarterly earnings results before the market opens on Thursday, August 8th. Analysts expect PureCycle Technologies to post earnings of ($0.18) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

PureCycle Technologies (NYSE:PCT) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.28) EPS 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

Shares of PCT stock opened at $6.58 on Wednesday. PureCycle Technologies has a 12 month low of $2.38 and a 12 month high of $11.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $1.08 billion, a P/E ratio of -6.45 and a beta of 1.62. The company’s fifty day moving average price is $6.05 and its two-hundred day moving average price is $5.50.

Wall Street Analysts Forecast Growth

PCT has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on shares of PureCycle Technologies from $6.00 to $7.50 and gave the stock a “buy” rating in a report on Tuesday, June 25th. Stifel Nicolaus reissued a “buy” rating and issued a $7.00 target price on shares of PureCycle Technologies in a research report on Wednesday, July 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.