Ecovyst Inc. (NYSE:ECVT) Expected to Announce Quarterly Sales of $175.82 Million

Wall Street analysts expect Ecovyst Inc. (NYSE:ECVTGet Rating) to report $175.82 million in sales for the current quarter, according to Zacks. Four analysts have made estimates for Ecovyst’s earnings, with the lowest sales estimate coming in at $171.77 million and the highest estimate coming in at $178.00 million. Ecovyst posted sales of $126.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 38.9%. The business is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Ecovyst will report full year sales of $739.51 million for the current fiscal year, with estimates ranging from $732.80 million to $744.22 million. For the next year, analysts anticipate that the firm will report sales of $788.42 million, with estimates ranging from $773.10 million to $819.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Ecovyst.

Ecovyst (NYSE:ECVTGet Rating) last announced its quarterly earnings data on Friday, February 25th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $170.20 million during the quarter, compared to analyst estimates of $156.24 million. Ecovyst had a positive return on equity of 7.23% and a negative net margin of 10.99%. The company’s revenue was down 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share.

ECVT has been the topic of a number of recent analyst reports. TheStreet raised Ecovyst from a “d+” rating to a “c-” rating in a research report on Thursday, April 7th. Zacks Investment Research lowered Ecovyst from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. BWS Financial started coverage on Ecovyst in a research report on Wednesday, March 23rd. They set a “buy” rating and a $18.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on Ecovyst from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 2nd. Finally, KeyCorp dropped their price target on Ecovyst from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, February 28th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.04.

Shares of Ecovyst stock opened at $11.07 on Friday. The stock’s fifty day moving average is $11.08 and its 200-day moving average is $10.76. The firm has a market capitalization of $1.53 billion, a PE ratio of -22.59 and a beta of 0.83. The company has a quick ratio of 1.64, a current ratio of 2.01 and a debt-to-equity ratio of 1.18. Ecovyst has a 12-month low of $9.12 and a 12-month high of $17.29.

A number of hedge funds have recently modified their holdings of ECVT. Strs Ohio acquired a new position in Ecovyst in the 3rd quarter worth about $234,000. Commonwealth Equity Services LLC bought a new stake in shares of Ecovyst during the 3rd quarter worth about $239,000. SG Americas Securities LLC bought a new stake in shares of Ecovyst during the 3rd quarter worth about $425,000. Victory Capital Management Inc. bought a new stake in shares of Ecovyst during the 3rd quarter worth about $173,000. Finally, New York State Common Retirement Fund bought a new stake in shares of Ecovyst during the 3rd quarter worth about $436,000. 93.56% of the stock is currently owned by institutional investors.

Ecovyst Company Profile (Get Rating)

Ecovyst Inc provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.

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