Cantor Fitzgerald Estimates PCT FY2026 Earnings

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

Separately, TD Cowen reduced their target price on shares of PureCycle Technologies from $15.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

PureCycle Technologies Price Performance

PCT stock traded up $0.63 during trading hours on Wednesday, hitting $11.83. 1,384,049 shares of the stock traded hands, compared to its average volume of 2,512,322. The stock has a 50-day simple moving average of $7.83 and a 200 day simple moving average of $9.11. The company has a market cap of $2.12 billion, a P/E ratio of -7.89 and a beta of 1.80. PureCycle Technologies has a one year low of $4.50 and a one year high of $15.58. The company has a current ratio of 1.74, a quick ratio of 1.63 and a debt-to-equity ratio of 1.36.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.02). The firm had revenue of $1.58 million during the quarter, compared to the consensus estimate of $4.27 million.

Institutional Investors Weigh In On PureCycle Technologies

A number of large investors have recently made changes to their positions in PCT. Deutsche Bank AG grew its position in PureCycle Technologies by 36.4% during the 4th quarter. Deutsche Bank AG now owns 111,525 shares of the company's stock worth $1,143,000 after purchasing an additional 29,782 shares in the last quarter. Highview Capital Management LLC DE purchased a new position in shares of PureCycle Technologies during the fourth quarter valued at $324,000. Cetera Investment Advisers raised its position in PureCycle Technologies by 22.6% during the fourth quarter. Cetera Investment Advisers now owns 60,988 shares of the company's stock valued at $625,000 after buying an additional 11,261 shares during the period. Vanguard Group Inc. lifted its stake in PureCycle Technologies by 5.7% in the 4th quarter. Vanguard Group Inc. now owns 14,100,507 shares of the company's stock worth $144,530,000 after acquiring an additional 758,382 shares in the last quarter. Finally, California State Teachers Retirement System boosted its position in PureCycle Technologies by 3.8% during the 4th quarter. California State Teachers Retirement System now owns 113,708 shares of the company's stock worth $1,166,000 after acquiring an additional 4,170 shares during the period. Institutional investors and hedge funds 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.