PureCycle Technologies (PCT) Expected to Announce Quarterly Earnings on Wednesday

PureCycle Technologies (NASDAQ:PCT - Get Free Report) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.25) per share and revenue of $4.27 million for the quarter.

PureCycle Technologies (NASDAQ:PCT - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.32). On average, analysts expect PureCycle Technologies to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

PureCycle Technologies Stock Down 1.6 %

PCT traded down $0.11 during midday trading on Monday, hitting $6.62. 968,976 shares of the company's stock traded hands, compared to its average volume of 2,338,307. The stock's fifty day simple moving average is $7.24 and its 200-day simple moving average is $9.72. PureCycle Technologies has a one year low of $4.50 and a one year high of $15.58. The company has a market cap of $1.19 billion, a PE ratio of -4.41 and a beta of 1.68. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.74 and a quick ratio of 1.63.

Insider Activity

In related news, major shareholder Sylebra Capital Llc bought 619,925 shares of the company's stock in a transaction dated Thursday, February 6th. The stock was acquired at an average cost of $8.06 per share, with a total value of $4,996,595.50. Following the acquisition, the insider now owns 34,077,574 shares in the company, valued at approximately $274,665,246.44. This represents a 1.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 21.67% of the stock is owned by company insiders.

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.