FY2025 Earnings Forecast for PCT Issued By Cantor Fitzgerald

PureCycle Technologies, Inc. (NASDAQ:PCT) – Equities researchers at Cantor Fitzgerald lifted their FY2025 earnings per share estimates for shares of PureCycle Technologies in a note issued to investors on Thursday, May 8th. Cantor Fitzgerald analyst A. Sheppard now anticipates that the company will earn ($0.54) per share for the year, up from their prior forecast of ($0.93). The consensus estimate for PureCycle Technologies’ current full-year earnings is ($1.01) per share.

Separately, TD Cowen lowered their price target on PureCycle Technologies from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday.

PureCycle Technologies Stock Performance

PCT opened at $7.29 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of -4.86 and a beta of 1.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63. The stock’s 50 day simple moving average is $6.98 and its 200 day simple moving average is $9.55. PureCycle Technologies has a 1-year low of $4.50 and a 1-year high of $15.58.

PureCycle Technologies (NASDAQ:PCT) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The company had revenue of $1.58 million during the quarter, compared to analyst estimates of $4.27 million.

Institutional Investors Weigh In On PureCycle Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC lifted its stake in shares of PureCycle Technologies by 215.5% during the 3rd quarter. Tidal Investments LLC now owns 37,223 shares of the company’s stock worth $354,000 after purchasing an additional 25,424 shares during the period. Bar Harbor Wealth Management purchased a new position in shares of PureCycle Technologies in the 4th quarter worth $154,000. Sanders Morris Harris LLC raised its position in shares of PureCycle Technologies by 4.6% in the 4th quarter. Sanders Morris Harris LLC now owns 159,673 shares of the company’s stock worth $1,637,000 after buying an additional 6,979 shares during the period. SG Americas Securities LLC raised its position in shares of PureCycle Technologies by 22.6% in the 4th quarter. SG Americas Securities LLC now owns 54,774 shares of the company’s stock worth $561,000 after buying an additional 10,094 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of PureCycle Technologies in the 4th quarter worth $193,000. Hedge funds and other institutional investors own 63.01% 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.