PureCycle Technologies (PCT) to Release Earnings on Thursday

PureCycle Technologies (NASDAQ:PCT) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect PureCycle Technologies to post earnings of ($0.22) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

PureCycle Technologies (NASDAQ:PCT) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.13). On average, analysts expect PureCycle Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PureCycle Technologies Stock Up 1.9 %

NASDAQ:PCT traded up $0.24 during mid-day trading on Tuesday, hitting $12.75. 381,154 shares of the company’s stock were exchanged, compared to its average volume of 2,339,838. PureCycle Technologies has a one year low of $2.38 and a one year high of $15.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.67 and a quick ratio of 0.54. The business has a fifty day moving average price of $9.21 and a 200 day moving average price of $6.96. The company has a market cap of $2.10 billion, a PE ratio of -13.03 and a beta of 1.56.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PCT shares. Craig Hallum lifted their target price on shares of PureCycle Technologies from $4.00 to $6.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Stifel Nicolaus boosted their price objective on shares of PureCycle Technologies from $7.00 to $8.00 and gave the company a “buy” rating in a report on Monday, August 12th. TD Cowen boosted their price objective on shares of PureCycle Technologies from $7.50 to $10.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald began coverage on shares of PureCycle Technologies in a report on Friday, October 18th. They set an “overweight” rating and a $14.00 target price for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.20.

Insiders Place Their Bets

In other news, major shareholder Sylebra Capital Llc purchased 4,264,393 shares of the company’s stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of $4.69 per share, for a total transaction of $20,000,003.17. Following the completion of the transaction, the insider now directly owns 33,050,456 shares in the company, valued at $155,006,638.64. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.09% of the company’s stock.

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.