Pure Cycle (NASDAQ:PCYO) Posts Quarterly Earnings Results

Pure Cycle (NASDAQ:PCYO) posted its quarterly earnings data on Wednesday. The utilities provider reported $0.16 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 Down 0.7 %

PCYO stock traded down $0.09 during mid-day trading on Wednesday, hitting $11.98. The stock had a trading volume of 46,694 shares, compared to its average volume of 43,921. The stock has a market capitalization of $288.42 million, a price-to-earnings ratio of 24.96 and a beta of 1.03. 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 1-year low of $8.94 and a 1-year high of $14.63. The company has a fifty day moving average of $12.91 and a 200 day moving average of $11.21.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

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

Pure Cycle Company Profile

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.