PureCycle Technologies (PCT) Set to Announce Quarterly Earnings on Tuesday

PureCycle Technologies (NYSE:PCT) will be posting 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. Parties interested in registering for the company’s conference call can do so using this link.

PureCycle Technologies (NYSE:PCT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate 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 Price Performance

Shares of NYSE PCT opened at $5.34 on Friday. The stock has a market capitalization of $878.11 million, a PE ratio of -8.09 and a beta of 1.60. PureCycle Technologies has a fifty-two week low of $2.38 and a fifty-two week high of $11.89. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.92 and a quick ratio of 2.92. The business has a fifty day moving average price of $5.52 and a two-hundred day moving average price of $4.61.

Insider Activity

In other news, Director Fernando Musa acquired 18,303 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average cost of $5.46 per share, with a total value of $99,934.38. Following the completion of the purchase, the director now directly owns 68,413 shares of the company’s stock, valued at approximately $373,534.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 11.44% of the company’s stock.

About PureCycle Technologies

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.