Ecovyst (ECVT) Set to Announce Earnings on Thursday

Ecovyst (NYSE:ECVT) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Ecovyst to post earnings of $0.07 per share for the quarter. Ecovyst has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $172.80 million during the quarter, compared to the consensus estimate of $168.31 million. Ecovyst had a net margin of 10.30% and a return on equity of 11.08%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. On average, analysts expect Ecovyst to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ecovyst Stock Down 0.6 %

Shares of NYSE:ECVT opened at $10.04 on Thursday. The company has a fifty day moving average of $9.97 and a 200-day moving average of $9.61. The company has a market capitalization of $1.17 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. Ecovyst has a 52-week low of $8.26 and a 52-week high of $12.35.

Insider Activity

In other news, Director Susan F. Ward sold 24,436 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the transaction, the director now directly owns 67,587 shares in the company, valued at approximately $694,794.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.59% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup upped their price target on shares of Ecovyst from $11.50 to $13.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.

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.