Cantor Fitzgerald Estimates PCT FY2026 Earnings

PureCycle Technologies, Inc. (NASDAQ:PCT - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for PureCycle Technologies in a report issued on Monday, June 9th. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will post earnings of ($1.04) per share for the year. The consensus estimate for PureCycle Technologies' current full-year earnings is ($1.01) per share.

Other equities analysts have also recently issued research reports about the company. TD Cowen reduced their price target on PureCycle Technologies from $15.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Wall Street Zen upgraded PureCycle Technologies from a "sell" rating to a "hold" rating in a report on Saturday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.00.

PureCycle Technologies Stock Performance

PureCycle Technologies stock traded down $0.33 during midday trading on Wednesday, reaching $11.34. 2,977,683 shares of the company's stock were exchanged, compared to its average volume of 2,534,166. PureCycle Technologies has a 52 week low of $4.50 and a 52 week high of $15.58. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.63 and a current ratio of 1.74. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -7.56 and a beta of 1.80. The stock's 50-day simple moving average is $8.05 and its 200 day simple moving average is $9.06.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.27) EPS 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

A number of institutional investors have recently made changes to their positions in PCT. NBC Securities Inc. bought a new stake in shares of PureCycle Technologies during the first quarter worth approximately $25,000. Jones Financial Companies Lllp boosted its holdings in shares of PureCycle Technologies by 286.0% during the fourth quarter. Jones Financial Companies Lllp now owns 3,092 shares of the company's stock worth $32,000 after acquiring an additional 2,291 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of PureCycle Technologies by 775.3% during the fourth quarter. Sterling Capital Management LLC now owns 3,230 shares of the company's stock worth $33,000 after acquiring an additional 2,861 shares during the period. CWM LLC boosted its holdings in shares of PureCycle Technologies by 158.7% during the first quarter. CWM LLC now owns 4,960 shares of the company's stock worth $34,000 after acquiring an additional 3,043 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of PureCycle Technologies by 141.5% during the fourth quarter. US Bancorp DE now owns 3,446 shares of the company's stock worth $35,000 after acquiring an additional 2,019 shares during the period. Institutional investors own 63.01% 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.