Pure Cycle (NASDAQ:PCYO) Posts Earnings Results

Pure Cycle (NASDAQ:PCYO) posted its earnings results on Wednesday. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $4.00 million for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Pure Cycle Price Performance

Shares of NASDAQ PCYO opened at $10.29 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. Pure Cycle has a 1 year low of $8.94 and a 1 year high of $14.63. The company’s 50-day moving average is $11.06 and its 200 day moving average is $11.70. The stock has a market capitalization of $247.75 million, a P/E ratio of 18.71 and a beta of 1.10.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Pure Cycle from a “buy” rating to a “hold” rating in a report on Friday, January 10th.

Pure Cycle Company Profile

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.