Ecovyst Inc. (NYSE:ECVT – Free Report) – Research analysts at BWS Financial issued their Q1 2024 earnings per share (EPS) estimates for Ecovyst in a report released on Wednesday, September 20th. BWS Financial analyst H. Khorsand expects that the company will post earnings of $0.16 per share for the quarter. The consensus estimate for Ecovyst’s current full-year earnings is $0.72 per share. BWS Financial also issued estimates for Ecovyst’s FY2024 earnings at $0.98 EPS.
Several other research firms also recently weighed in on ECVT. TheStreet raised Ecovyst from a “c+” rating to a “b” rating in a research report on Thursday, August 3rd. KeyCorp decreased their price target on shares of Ecovyst from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Friday, August 4th. Finally, Citigroup began coverage on shares of Ecovyst in a research note on Monday, September 11th. They set a “buy” rating and a $12.00 price target on the stock.
Ecovyst Stock Performance
Shares of ECVT opened at $9.92 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.45 and a debt-to-equity ratio of 1.29. The stock has a market cap of $1.16 billion, a P/E ratio of 17.40, a PEG ratio of 0.61 and a beta of 0.97. The company has a 50-day moving average of $10.58 and a two-hundred day moving average of $10.77. Ecovyst has a 12-month low of $8.20 and a 12-month high of $12.35.
Ecovyst (NYSE:ECVT – Get Free Report) last announced its earnings results on Thursday, August 3rd. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $184.10 million during the quarter, compared to analysts’ expectations of $197.52 million. Ecovyst had a net margin of 9.38% and a return on equity of 12.67%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Ecovyst by 24.6% during the 3rd quarter. Vanguard Group Inc. now owns 7,388,772 shares of the company’s stock worth $62,362,000 after purchasing an additional 1,460,053 shares during the period. BlackRock Inc. boosted its stake in Ecovyst by 7.8% during the 1st quarter. BlackRock Inc. now owns 7,380,026 shares of the company’s stock valued at $81,549,000 after acquiring an additional 531,919 shares during the last quarter. Shapiro Capital Management LLC raised its stake in Ecovyst by 6.1% during the first quarter. Shapiro Capital Management LLC now owns 5,799,456 shares of the company’s stock valued at $67,042,000 after buying an additional 335,297 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Ecovyst by 5.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,143,446 shares of the company’s stock valued at $56,835,000 after purchasing an additional 283,051 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Ecovyst by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,091,829 shares of the company’s stock valued at $58,350,000 after purchasing an additional 667,569 shares during the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In related news, insider Kurt Bitting bought 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average cost of $9.64 per share, with a total value of $29,884.00. Following the completion of the transaction, the insider now owns 415,718 shares of the company’s stock, valued at $4,007,521.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.00% of the stock is owned by corporate insiders.
About Ecovyst
Ecovyst Inc offers specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Ecoservices and Catalyst Technologies. 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.
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