PureCycle Technologies (PCT) to Release Quarterly Earnings on Friday – MarketBeat
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
PureCycle Technologies (NYSE:PCT – Get Rating) is scheduled to release its earnings data before the market opens on Friday, August 12th. Analysts expect PureCycle Technologies to post earnings of ($0.16) per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
PureCycle Technologies (NYSE:PCT – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.04). During the same quarter last year, the company posted ($0.32) earnings per share. 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 Trading Up 2.0 %
NYSE:PCT opened at $8.61 on Friday. PureCycle Technologies has a fifty-two week low of $4.94 and a fifty-two week high of $17.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 19.10 and a quick ratio of 19.10. The stock has a market capitalization of $1.41 billion, a PE ratio of -13.33 and a beta of 1.06. The business’s 50-day simple moving average is $7.90 and its 200-day simple moving average is $7.68.
Analysts Set New Price Targets
Separately, Oppenheimer reiterated a “buy” rating and set a $16.00 price objective on shares of PureCycle Technologies in a report on Thursday, April 14th.
Insider Activity at PureCycle Technologies
In related news, Director John Stewart Scott sold 77,571 shares of PureCycle Technologies stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of $8.62, for a total value of $668,662.02. Following the sale, the director now owns 1,542,138 shares of the company’s stock, valued at approximately $13,293,229.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 333,993 shares of company stock valued at $2,570,658. 11.10% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in PCT. Renaissance Technologies LLC increased its position in shares of PureCycle Technologies by 416.8% during the 1st quarter. Renaissance Technologies LLC now owns 351,400 shares of the company’s stock worth $2,811,000 after purchasing an additional 283,400 shares during the last quarter. State Street Corp increased its position in shares of PureCycle Technologies by 22.6% during the 1st quarter. State Street Corp now owns 1,185,228 shares of the company’s stock worth $9,482,000 after purchasing an additional 218,831 shares during the last quarter. BlackRock Inc. increased its position in shares of PureCycle Technologies by 4.6% during the 1st quarter. BlackRock Inc. now owns 3,805,550 shares of the company’s stock worth $30,445,000 after purchasing an additional 168,485 shares during the last quarter. Cartenna Capital LP increased its holdings in shares of PureCycle Technologies by 60.0% during the 1st quarter. Cartenna Capital LP now owns 200,000 shares of the company’s stock worth $1,600,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in shares of PureCycle Technologies by 101.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 73,923 shares of the company’s stock worth $591,000 after acquiring an additional 37,229 shares during the last quarter. Institutional investors and hedge funds own 40.86% of the company’s stock.
About PureCycle Technologies
(Get Rating)
PureCycle Technologies, Inc produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida.
See Also
- Get a free copy of the StockNews.com research report on PureCycle Technologies (PCT)
- These Are The Top Insider Buying Stocks For July
- Time To Take A Serious Look At Nikola Stock As Production Starts
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
- Activision Blizzard Banks On A Flurry Of New Content
- Energy Transfer Is A Value Among High-Yield Energy Infrastructure
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PureCycle Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PureCycle Technologies wasn’t on the list.
While PureCycle Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Today, Kate’s guest is Rhys Williams, chief investment officer for the Opportunistic All Cap Equity, a long-short strategy at Spouting Rock Asset Management.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.