Ecovyst (ECVT) to Release Earnings on Thursday

Ecovyst (NYSE:ECVT) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Ecovyst to post earnings of $0.14 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. The firm’s revenue was down .7% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, analysts expect Ecovyst to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ecovyst Stock Up 3.1 %

Shares of ECVT opened at $6.34 on Tuesday. The stock has a market capitalization of $738.42 million, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 1.09 and a beta of 1.01. Ecovyst has a 1 year low of $6.02 and a 1 year high of $11.35. The business’s 50 day simple moving average is $6.65 and its 200-day simple moving average is $8.20. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.72 and a quick ratio of 2.18.

Analyst Ratings Changes

Several research firms have recently weighed in on ECVT. KeyCorp cut their target price on Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Citigroup cut their target price on Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, BWS Financial cut their target price on Ecovyst from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, August 5th.

Insider Activity

In other news, insider Joseph S. Koscinski purchased 4,807 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Joseph S. Koscinski purchased 4,807 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares in the company, valued at approximately $3,409,252.34. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Paul Whittleston acquired 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the transaction, the insider now owns 57,542 shares of the company’s stock, valued at $374,023. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.59% of the company’s stock.

Ecovyst Company Profile

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.