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

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

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

Separately, Citigroup lowered their price target on shares of Ecovyst from $12.00 to $11.50 and set a “buy” rating on the stock in a report on Monday, March 4th.

Ecovyst Trading Up 2.7 %

Shares of Ecovyst stock opened at $11.05 on Thursday. The firm’s 50 day simple moving average is $9.50 and its two-hundred day simple moving average is $9.55. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 0.55 and a beta of 1.00. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst has a 12-month low of $8.26 and a 12-month high of $12.35.

Insider Activity

In related news, Director Susan F. Ward sold 24,436 shares of the firm’s stock in a transaction dated Friday, March 22nd. The shares were 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 in the company, valued at $694,794.36. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ECVT. Pathstone Family Office LLC purchased a new stake in shares of Ecovyst during the 3rd quarter worth approximately $499,000. Swiss National Bank grew its stake in shares of Ecovyst by 1.0% during the 3rd quarter. Swiss National Bank now owns 229,900 shares of the company’s stock worth $2,262,000 after purchasing an additional 2,300 shares during the period. Cove Street Capital LLC grew its stake in Ecovyst by 6.6% in the 3rd quarter. Cove Street Capital LLC now owns 1,971,344 shares of the company’s stock valued at $19,280,000 after acquiring an additional 122,409 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Ecovyst by 19.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,410,689 shares of the company’s stock worth $13,881,000 after purchasing an additional 231,294 shares during the last quarter. Finally, LSV Asset Management boosted its stake in shares of Ecovyst by 4.8% during the 3rd quarter. LSV Asset Management now owns 722,300 shares of the company’s stock worth $7,107,000 after purchasing an additional 33,200 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

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.