Ecovyst (ECVT) Set to Announce Earnings on Thursday

Ecovyst (NYSE:ECVT) is set to issue 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.Parties interested in registering for the company’s conference call can do so using this link.

Ecovyst (NYSE:ECVT) last posted its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share 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 the consensus estimate of $168.31 million. Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The business’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. 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

Shares of Ecovyst stock opened at $10.04 on Thursday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. The stock’s 50-day moving average is $9.97 and its 200-day moving average is $9.61. Ecovyst has a one year low of $8.26 and a one year high of $12.35. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.07 and a quick ratio of 1.69.

Insiders Place Their Bets

In other news, Director Susan F. Ward sold 24,436 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 67,587 shares in the company, valued at approximately $694,794.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup upped their target price on Ecovyst from $11.50 to $13.00 and gave the stock 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.