Q3 2024 Earnings Forecast for Ecovyst Inc. (NYSE:ECVT) Issued By BWS Financial

Ecovyst Inc. (NYSE:ECVT - Free Report) - BWS Financial upped their Q3 2024 EPS estimates for shares of Ecovyst in a research note issued to investors on Monday, March 25th. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.28 for the quarter, up from their previous estimate of $0.27. The consensus estimate for Ecovyst's current full-year earnings is $0.81 per share.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Ecovyst had a net margin of 10.30% and a return on equity of 11.08%. The company had revenue of $172.80 million during the quarter, compared to analyst estimates of $168.31 million. During the same quarter in the prior year, the business earned $0.23 EPS. The business's quarterly revenue was down 5.5% on a year-over-year basis.

Separately, Citigroup decreased their price target on Ecovyst from $12.00 to $11.50 and set a "buy" rating for the company in a report on Monday, March 4th.

Ecovyst Trading Up 0.9 %

ECVT stock traded up $0.10 during trading on Thursday, hitting $11.15. The company had a trading volume of 1,612,601 shares, compared to its average volume of 802,114. The stock has a market cap of $1.30 billion, a PE ratio of 18.38, a PEG ratio of 0.55 and a beta of 1.00. Ecovyst has a one year low of $8.26 and a one year high of $12.35. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The business has a 50-day moving average of $9.50 and a 200-day moving average of $9.55.

Insider Buying and Selling at Ecovyst

In related news, Director Susan F. Ward sold 24,436 shares of the company's stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the sale, the director now owns 67,587 shares in the company, valued at $694,794.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Ecovyst

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Ecovyst by 24.6% in the 3rd quarter. Vanguard Group Inc. now owns 7,388,772 shares of the company's stock valued at $62,362,000 after acquiring an additional 1,460,053 shares during the period. Marshall Wace LLP grew its stake in Ecovyst by 130.5% in the 2nd quarter. Marshall Wace LLP now owns 2,176,887 shares of the company's stock valued at $24,947,000 after buying an additional 1,232,608 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ecovyst by 31.2% during the first quarter. Dimensional Fund Advisors LP now owns 4,424,260 shares of the company's stock worth $48,887,000 after acquiring an additional 1,052,590 shares in the last quarter. EVR Research LP boosted its holdings in shares of Ecovyst by 54.5% in the second quarter. EVR Research LP now owns 2,380,000 shares of the company's stock worth $27,275,000 after acquiring an additional 840,000 shares during the period. Finally, Medina Value Partners LLC purchased a new position in shares of Ecovyst in the fourth quarter valued at $6,924,000. Institutional investors own 86.69% of the company's stock.

About Ecovyst

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.