Fuel Tech (NASDAQ:FTEK) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Fuel Tech (NASDAQ:FTEK) issued its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02), FiscalAI reports. The company had revenue of $6.49 million during the quarter, compared to the consensus estimate of $6.58 million. Fuel Tech had a negative net margin of 12.75% and a negative return on equity of 8.88%.

Fuel Tech Trading Down 1.5%

NASDAQ:FTEK traded down $0.03 during mid-day trading on Friday, hitting $1.75. 188,323 shares of the company’s stock were exchanged, compared to its average volume of 243,569. The company has a 50 day simple moving average of $1.51 and a 200-day simple moving average of $1.47. Fuel Tech has a fifty-two week low of $1.17 and a fifty-two week high of $3.59. The firm has a market capitalization of $54.72 million, a P/E ratio of -15.94 and a beta of 1.30.

Analysts Set New Price Targets

FTEK has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fuel Tech in a report on Friday, September 11th. Zacks Research lowered Fuel Tech from a “hold” rating to a “strong sell” rating in a research note on Friday, August 7th. Finally, Wall Street Zen raised shares of Fuel Tech from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, Fuel Tech has a consensus rating of “Sell”.

Fuel Tech Company Profile

Fuel Tech, Inc (NASDAQ:FTEK) develops and commercializes technologies designed to improve industrial combustion processes and reduce air pollution. Its solutions are used primarily by utility, industrial, refining, cement, steel, and waste-to-energy facilities.

The company’s Air Pollution Control technologies address nitrogen oxide (NOx) emissions from combustion sources. Its offerings include selective non-catalytic reduction and related systems, including the NOxOUT and HERT technologies, which are designed to help customers meet environmental regulations while maintaining operating efficiency.

Fuel Tech also provides fuel-treatment and combustion-optimization products through its FUEL CHEM business.