PureCycle Technologies (PCT) Scheduled to Post Quarterly Earnings on Tuesday

Posted by Editorial Team on May 6th, 2024

PureCycle Technologies (NYSE:PCT – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect PureCycle Technologies to post earnings of ($0.18) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

PureCycle Technologies (NYSE:PCT – Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.08. On average, analysts expect PureCycle Technologies to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PureCycle Technologies Trading Up 1.9 %

Shares of NYSE:PCT opened at $5.34 on Monday. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 1.21. PureCycle Technologies has a 12 month low of $2.38 and a 12 month high of $11.89. The company has a 50-day moving average price of $5.52 and a 200 day moving average price of $4.61.

Insider Buying and Selling

In other news, Director Fernando Musa acquired 18,303 shares of PureCycle Technologies stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $5.46 per share, with a total value of $99,934.38. Following the transaction, the director now directly owns 68,413 shares of the company’s stock, valued at approximately $373,534.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.09% of the stock is currently owned by corporate insiders.

PureCycle Technologies Company Profile

(Get Free Report)

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.