PureCycle Technologies (NASDAQ:PCT) Releases Earnings Results

by · The Cerbat Gem

PureCycle Technologies (NASDAQ:PCT – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.80) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.51), FiscalAI reports. The firm had revenue of $4.51 million during the quarter, compared to analyst estimates of $6.11 million. PureCycle Technologies had a negative net margin of 1,618.84% and a negative return on equity of 517.87%.

Here are the key takeaways from PureCycle Technologies’ conference call:

  • Operational improvements included completing the Ironton turnaround ahead of schedule and below budget, executing more than 170 projects, and achieving a new daily throughput record in June. The company also successfully tested process conditions intended for its planned Thailand and Antwerp plants.
  • Commercial momentum accelerated, with revenue increasing for the sixth consecutive quarter, the first Procter & Gamble application entering commercial production, and PureFive shipments reaching major quick-service restaurant converters. Management said New Jersey’s recycled-content approval has fast-tracked qualification programs ahead of January 2027 mandates.
  • Bringing compounding in-house is expected to improve supply-chain reliability, quality control, product customization, and economics, while enabling rail-car shipments and additional cup applications. Management maintained its target for Ironton to reach site-level cash breakeven in the second half of 2026 at approximately 40%–50% utilization.
  • Liquidity rose to $236.9 million at quarter-end following a $450.5 million gross stock and convertible-notes offering. The refinancing reduced near-term debt pressure and interest costs, while the company said its capital is sufficient for the commercial ramp and near-term growth spending.
  • PureCycle still reported a substantial second-quarter net loss of $142.2 million and negative adjusted EBITDA of $31.7 million. Full-year project spending guidance increased to $45 million–$50 million, and Thailand financing remains subject to negotiations targeted for financial close by year-end.

PureCycle Technologies Stock Up 4.9%

Shares of NASDAQ:PCT traded up $0.34 during trading on Friday, hitting $7.21. 6,701,224 shares of the company were exchanged, compared to its average volume of 4,191,698. The firm’s 50 day moving average price is $8.09 and its 200-day moving average price is $8.20. PureCycle Technologies has a 12-month low of $4.93 and a 12-month high of $15.49. The company has a debt-to-equity ratio of 47.59, a current ratio of 1.71 and a quick ratio of 1.57. The stock has a market capitalization of $1.30 billion, a P/E ratio of -4.94 and a beta of 2.57.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PCT. Northland Securities set a $13.00 target price on shares of PureCycle Technologies in a research note on Friday, June 12th. Alembic Global Advisors set a $16.00 price target on PureCycle Technologies in a research note on Tuesday, June 16th. Cantor Fitzgerald decreased their price target on PureCycle Technologies from $14.00 to $12.00 and set an “overweight” rating for the company in a report on Friday. TD Cowen lowered their price objective on PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen downgraded PureCycle Technologies from a “sell” rating to a “strong sell” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PureCycle Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $11.75.

Read Our Latest Research Report on PureCycle Technologies

Institutional Investors Weigh In On PureCycle Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new stake in PureCycle Technologies in the fourth quarter valued at $132,000. TMB Capital Partners LLC purchased a new position in shares of PureCycle Technologies during the fourth quarter worth about $475,000. Zazove Associates LLC purchased a new position in shares of PureCycle Technologies during the fourth quarter worth about $222,000. NewEdge Advisors LLC increased its position in shares of PureCycle Technologies by 39.3% during the fourth quarter. NewEdge Advisors LLC now owns 118,033 shares of the company’s stock worth $1,014,000 after purchasing an additional 33,310 shares in the last quarter. Finally, VARCOV Co. acquired a new stake in shares of PureCycle Technologies during the fourth quarter worth about $137,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

PureCycle Technologies Company Profile

(Get Free Report)

PureCycle Technologies, Inc operates as a recycling technology company focused on restoring waste polypropylene to a “virgin-like” state through a proprietary purification process licensed from Procter & Gamble. The company develops, owns and operates recycling facilities that convert used polypropylene feedstock—such as packaging and industrial plastics—into ultra‐pure recycled resin. This resin, known as Qualified Recycled Polymer (QRP), is designed to meet stringent quality specifications for applications in packaging, consumer goods and industrial products.

Headquartered in Orlando, Florida, PureCycle was established with technology development efforts dating back to licensing agreements in the mid-2010s and later spun off as a publicly traded entity in 2021.

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