Ecovyst (NYSE:ECVT) Announces Quarterly Earnings Results

Ecovyst (NYSE:ECVT) posted its quarterly earnings data on Thursday. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01), Briefing.com reports. Ecovyst had a net margin of 8.14% and a return on equity of 7.93%. The company had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $189.79 million. During the same period in the previous year, the firm earned $0.26 earnings per share. The firm’s quarterly revenue was down .7% on a year-over-year basis.

Ecovyst Price Performance

NYSE ECVT traded down $1.27 during trading hours on Friday, reaching $6.69. The company’s stock had a trading volume of 3,337,582 shares, compared to its average volume of 827,792. The firm’s 50-day moving average price is $9.13 and its 200-day moving average price is $9.53. The company has a quick ratio of 2.01, a current ratio of 2.50 and a debt-to-equity ratio of 1.21. Ecovyst has a 1 year low of $6.55 and a 1 year high of $11.35. The company has a market capitalization of $782.73 million, a price-to-earnings ratio of 10.62, a PEG ratio of 0.47 and a beta of 1.05.

Wall Street Analyst Weigh In

ECVT has been the topic of a number of analyst reports. Citigroup lowered their price objective on Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. BWS Financial reissued a “buy” rating and issued a $18.00 price target on shares of Ecovyst in a report on Friday, May 3rd.

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.