Pure Cycle (NASDAQ:PCYO) Announces Earnings Results

Pure Cycle (NASDAQ:PCYO) issued its earnings results on Wednesday. The utilities provider reported $0.16 earnings per share for the quarter, Zacks reports. Pure Cycle had a return on equity of 9.41% and a net margin of 40.40%.

Pure Cycle Stock Down 0.7 %

Shares of PCYO traded down $0.09 during midday trading on Wednesday, reaching $11.98. 47,140 shares of the stock were exchanged, compared to its average volume of 47,259. The company has a market cap of $288.42 million, a price-to-earnings ratio of 24.96 and a beta of 1.03. The firm has a 50 day simple moving average of $12.91 and a 200-day simple moving average of $11.21. Pure Cycle has a 12-month low of $8.94 and a 12-month high of $14.63. The company has a quick ratio of 3.66, a current ratio of 4.05 and a debt-to-equity ratio of 0.05.

Insider Buying and Selling

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total value of $262,000.00. Following the completion of the sale, the director now directly owns 2,668,778 shares of the company’s stock, valued at $34,960,991.80. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 17.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Pure Cycle from a “sell” rating to a “buy” rating in a research report on Monday, November 18th.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.