Q3 2024 Earnings Estimate for Ecovyst Inc. (NYSE:ECVT) Issued By BWS Financial

Ecovyst Inc. (NYSE:ECVT) – Equities researchers at BWS Financial boosted their Q3 2024 earnings per share (EPS) estimates for shares of Ecovyst in a note issued to investors on Monday, March 25th. BWS Financial analyst H. Khorsand now expects that the company will earn $0.28 per share for the quarter, up from their prior estimate of $0.27. The consensus estimate for Ecovyst’s current full-year earnings is $0.81 per share.

Separately, Citigroup decreased their price target on Ecovyst from $12.00 to $11.50 and set a “buy” rating for the company in a research note on Monday, March 4th.

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $11.05 on Thursday. The stock has a fifty day moving average price of $9.50 and a two-hundred day moving average price of $9.55. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.07. The firm has a market cap of $1.29 billion, a P/E ratio of 18.11, a PEG ratio of 0.55 and a beta of 1.00. Ecovyst has a 1 year low of $8.26 and a 1 year high of $12.35.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). Ecovyst had a return on equity of 11.08% and a net margin of 10.30%. The business had revenue of $172.80 million during the quarter, compared to the consensus estimate of $168.31 million. During the same period last year, the company earned $0.23 earnings per share. The business’s quarterly revenue was down 5.5% compared to the same quarter last year.

Insider Transactions at Ecovyst

In other news, Director Susan F. Ward sold 24,436 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $10.28, for a total transaction of $251,202.08. Following the completion of the sale, the director now directly owns 67,587 shares of the company’s stock, valued at approximately $694,794.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. Clear Street Markets LLC purchased a new stake in shares of Ecovyst during the fourth quarter worth $29,000. US Bancorp DE bought a new position in Ecovyst during the second quarter valued at about $38,000. Tower Research Capital LLC TRC raised its holdings in Ecovyst by 34.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,793 shares of the company’s stock valued at $47,000 after buying an additional 1,216 shares in the last quarter. State of Wyoming bought a new position in Ecovyst during the fourth quarter valued at about $52,000. Finally, Point72 Middle East FZE bought a new position in Ecovyst during the fourth quarter valued at about $64,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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.