Ecovyst (ECVT) Set to Announce Quarterly Earnings on Thursday

Ecovyst (NYSE:ECVT) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Ecovyst has set its FY 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $172.80 million for the quarter, compared to analyst estimates of $168.31 million. Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.23 EPS. On average, analysts expect Ecovyst to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ecovyst Stock Performance

ECVT opened at $9.95 on Tuesday. The firm has a market capitalization of $1.16 billion, a PE ratio of 16.31, a PEG ratio of 0.51 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst has a twelve month low of $8.26 and a twelve month high of $12.35. The firm’s 50-day moving average price is $9.97 and its 200 day moving average price is $9.61.

Insider Buying and Selling at Ecovyst

In related news, Director Susan F. Ward sold 24,436 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 67,587 shares in the company, valued at $694,794.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.59% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Citigroup increased their price target on Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a report on Wednesday, April 10th.

Ecovyst Company Profile

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.