PureCycle Technologies (NASDAQ:PCT) Issues Quarterly Earnings Results

PureCycle Technologies (NASDAQ:PCT) announced its quarterly earnings results on Thursday. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.51), FiscalAI reports. PureCycle Technologies had a negative net margin of 1,618.84% and a negative return on equity of 517.87%. The company had revenue of $4.51 million for the quarter, compared to analyst estimates of $6.11 million.

Here are the key takeaways from PureCycle Technologies’ conference call:

• Operational improvements included completing the Ironton turnaround ahead of schedule and below budget, executing more than 170 projects, and achieving a new daily throughput record in June. The company also successfully tested process conditions intended for its planned Thailand and Antwerp plants.
• Commercial momentum accelerated, with revenue increasing for the sixth consecutive quarter, the first Procter & Gamble application entering commercial production, and PureFive shipments reaching major quick-service restaurant converters. Management said New Jersey’s recycled-content approval has fast-tracked qualification programs ahead of January 2027 mandates.
• Bringing compounding in-house is expected to improve supply-chain reliability, quality control, product customization, and economics, while enabling rail-car shipments and additional cup applications. Management maintained its target for Ironton to reach site-level cash breakeven in the second half of 2026 at approximately 40%–50% utilization.
• Liquidity rose to $236.9 million at quarter-end following a $450.5 million gross stock and convertible-notes offering. The refinancing reduced near-term debt pressure and interest costs, while the company said its capital is sufficient for the commercial ramp and near-term growth spending.
• PureCycle still reported a substantial second-quarter net loss of $142.2 million and negative adjusted EBITDA of $31.7 million. Full-year project spending guidance increased to $45 million–$50 million, and Thailand financing remains subject to negotiations targeted for financial close by year-end.

PureCycle Technologies Stock Performance

Shares of NASDAQ:PCT traded up $0.34 on Friday, hitting $7.21. 6,701,224 shares of the company were exchanged, compared to its average volume of 4,191,698. The company’s 50 day moving average price is $8.09 and its two-hundred day moving average price is $8.20. PureCycle Technologies has a one year low of $4.93 and a one year high of $15.49. The company has a debt-to-equity ratio of 47.59, a quick ratio of 1.57 and a current ratio of 1.71. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -4.94 and a beta of 2.57.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PureCycle Technologies in a report on Friday, June 5th. Wall Street Zen downgraded shares of PureCycle Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. Northland Securities set a $13.00 target price on shares of PureCycle Technologies in a research report on Friday, June 12th. Cantor Fitzgerald decreased their price target on shares of PureCycle Technologies from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday. Finally, TD Cowen lowered their price target on PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PureCycle Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $11.75.

Institutional Investors Weigh In On PureCycle Technologies

Institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in PureCycle Technologies by 6,571.8% during the third quarter. Larson Financial Group LLC now owns 2,602 shares of the company’s stock valued at $34,000 after acquiring an additional 2,563 shares during the period. Advisory Services Network LLC acquired a new stake in shares of PureCycle Technologies during the 3rd quarter worth approximately $35,000. CIBC Asset Management Inc acquired a new stake in shares of PureCycle Technologies during the 4th quarter worth approximately $90,000. SummitTX Capital L.P. bought a new stake in shares of PureCycle Technologies during the fourth quarter valued at approximately $90,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of PureCycle Technologies during the fourth quarter valued at approximately $91,000. 63.01% of the stock is owned by institutional investors and hedge funds.

About PureCycle Technologies

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra?pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.