Pure Cycle (NASDAQ:PCYO) Posts Earnings Results

Pure Cycle (NASDAQ:PCYO - Get Free Report) announced its quarterly earnings results on Wednesday. The utilities provider reported $0.03 earnings per share for the quarter, Zacks reports. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%. The company had revenue of $4.00 million during the quarter.

Pure Cycle Price Performance

Shares of PCYO traded down $0.25 during mid-day trading on Monday, hitting $9.86. 97,961 shares of the company were exchanged, compared to its average volume of 49,327. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.09 and a current ratio of 3.56. Pure Cycle has a 1-year low of $8.94 and a 1-year high of $14.63. The stock has a market cap of $237.40 million, a price-to-earnings ratio of 17.93 and a beta of 1.10. The company has a 50 day moving average of $11.03 and a 200-day moving average of $11.71.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Pure Cycle from a "buy" rating to a "hold" rating in a research report on Friday, January 10th.

Pure Cycle Company Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.