PureCycle Technologies (NASDAQ:PCT) Issues Earnings Results

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

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 Price Performance

PureCycle Technologies stock traded up $0.34 during trading hours on Friday, hitting $7.21. 6,701,224 shares of the company traded hands, compared to its average volume of 4,191,698. PureCycle Technologies has a 1-year low of $4.93 and a 1-year high of $15.49. The firm has a market cap of $1.30 billion, a P/E ratio of -4.94 and a beta of 2.57. The firm’s 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $8.20. The company has a quick ratio of 1.57, a current ratio of 1.71 and a debt-to-equity ratio of 47.59.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC raised its holdings in PureCycle Technologies by 6,571.8% during the third quarter. Larson Financial Group LLC now owns 2,602 shares of the company’s stock worth $34,000 after purchasing an additional 2,563 shares in the last quarter. Advisory Services Network LLC bought a new position in PureCycle Technologies during the 3rd quarter valued at $35,000. SummitTX Capital L.P. acquired a new position in shares of PureCycle Technologies during the 4th quarter valued at $90,000. CIBC Asset Management Inc bought a new stake in shares of PureCycle Technologies in the 4th quarter worth $90,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of PureCycle Technologies in the 4th quarter worth $91,000. 63.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on PCT shares. Northland Securities set a $13.00 price target on shares of PureCycle Technologies in a research report on Friday, June 12th. Alembic Global Advisors set a $16.00 target price on shares of PureCycle Technologies in a research note on Tuesday, June 16th. TD Cowen decreased their target price on shares of PureCycle Technologies from $7.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Cantor Fitzgerald dropped their price target on shares of PureCycle Technologies from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of PureCycle Technologies in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.75.

PureCycle Technologies Company Profile

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.