Fuel Tech (NASDAQ:FTEK) Releases Earnings Results, Beats Expectations By $0.01 EPS

Fuel Tech (NASDAQ:FTEK) announced its quarterly earnings data on Tuesday. The industrial products company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01, Zacks reports. Fuel Tech had a negative return on equity of 1.92% and a negative net margin of 3.41%. The company had revenue of $7.04 million during the quarter, compared to the consensus estimate of $5.81 million. During the same quarter in the prior year, the firm earned ($0.03) EPS.

Fuel Tech Stock Up 2.0 %

Shares of FTEK traded up $0.02 during mid-day trading on Friday, reaching $1.01. The company’s stock had a trading volume of 248,285 shares, compared to its average volume of 67,402. The business has a fifty day moving average of $1.05 and a 200 day moving average of $1.12. The company has a market cap of $30.69 million, a price-to-earnings ratio of -33.67 and a beta of 4.16. Fuel Tech has a 1 year low of $0.91 and a 1 year high of $1.34.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FTEK. HC Wainwright reiterated a “buy” rating and set a $4.00 price objective on shares of Fuel Tech in a research report on Thursday, May 9th. StockNews.com initiated coverage on Fuel Tech in a report on Tuesday. They issued a “hold” rating for the company.

About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems.