Ecovyst (ECVT) Scheduled to Post Quarterly Earnings on Thursday

Ecovyst (NYSE:ECVT - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Persons that are interested in registering for the company's earnings conference call can do so using this link.

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

Ecovyst Trading Down 2.5 %

ECVT stock traded down $0.16 during trading on Thursday, reaching $6.18. The company had a trading volume of 969,087 shares, compared to its average volume of 852,564. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The business has a 50 day moving average of $6.69 and a 200 day moving average of $8.31. The company has a market cap of $719.78 million, a P/E ratio of 12.88, a PEG ratio of 1.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.72 and a quick ratio of 2.18.

Insider Activity at Ecovyst

In other news, insider Joseph S. Koscinski acquired 4,807 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the transaction, the insider now directly owns 544,609 shares in the company, valued at approximately $3,409,252.34. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Paul Whittleston bought 7,800 shares of the firm's stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $6.50 per share, with a total value of $50,700.00. Following the completion of the transaction, the insider now directly owns 57,542 shares of the company's stock, valued at approximately $374,023. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph S. Koscinski acquired 4,807 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $6.26 per share, with a total value of $30,091.82. Following the purchase, the insider now owns 544,609 shares in the company, valued at $3,409,252.34. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.59% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on ECVT. KeyCorp dropped their price target on shares of Ecovyst from $13.00 to $10.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. BWS Financial decreased their price objective on Ecovyst from $18.00 to $12.00 and set a "buy" rating for the company in a report on Monday, August 5th. Finally, Citigroup reduced their price objective on shares of Ecovyst from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, July 12th.

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.