Q1 2024 EPS Estimates for Ecovyst Inc. Cut by Analyst (NYSE:ECVT)

Ecovyst Inc. (NYSE:ECVT) – Stock analysts at BWS Financial cut their Q1 2024 earnings per share estimates for Ecovyst in a report released on Monday, March 25th. BWS Financial analyst H. Khorsand now forecasts that the company will earn $0.03 per share for the quarter, down from their previous estimate of $0.06. The consensus estimate for Ecovyst’s current full-year earnings is $0.81 per share. BWS Financial also issued estimates for Ecovyst’s Q4 2024 earnings at $0.29 EPS and FY2024 earnings at $0.75 EPS.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $172.80 million for the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. Ecovyst’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share.

Separately, Citigroup decreased their target price on shares of Ecovyst from $12.00 to $11.50 and set a “buy” rating for the company in a research report on Monday, March 4th.

Ecovyst Stock Up 2.7 %

Shares of Ecovyst stock opened at $11.05 on Wednesday. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.07 and a quick ratio of 1.69. Ecovyst has a 1-year low of $8.26 and a 1-year high of $12.35. The business’s fifty day moving average price is $9.50 and its two-hundred day moving average price is $9.55. The company has a market capitalization of $1.29 billion, a P/E ratio of 18.11, a PEG ratio of 0.53 and a beta of 1.00.

Insider Buying and Selling at Ecovyst

In other news, Director Susan F. Ward sold 24,436 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total value of $251,202.08. Following the completion of the sale, the director now owns 67,587 shares in the company, valued at $694,794.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.08% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Ecovyst

Hedge funds have recently made changes to their positions in the business. Pathstone Family Office LLC purchased a new stake in Ecovyst in the 3rd quarter worth approximately $499,000. Swiss National Bank lifted its position in shares of Ecovyst by 1.0% during the 3rd quarter. Swiss National Bank now owns 229,900 shares of the company’s stock worth $2,262,000 after buying an additional 2,300 shares during the period. Cove Street Capital LLC grew its position in Ecovyst by 6.6% in the third quarter. Cove Street Capital LLC now owns 1,971,344 shares of the company’s stock valued at $19,280,000 after acquiring an additional 122,409 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Ecovyst by 19.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,689 shares of the company’s stock worth $13,881,000 after acquiring an additional 231,294 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Ecovyst by 4.8% during the third quarter. LSV Asset Management now owns 722,300 shares of the company’s stock valued at $7,107,000 after acquiring an additional 33,200 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.