Pure Cycle (NASDAQ:PCYO) Releases Quarterly Earnings Results

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

Pure Cycle Price Performance

Shares of NASDAQ:PCYO traded down $0.09 on Wednesday, hitting $11.98. The stock had a trading volume of 46,694 shares, compared to its average volume of 43,921. The company has a market capitalization of $288.42 million, a price-to-earnings ratio of 24.96 and a beta of 1.03. The firm’s 50 day moving average price is $12.91 and its 200-day moving average price is $11.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.66 and a current ratio of 4.05. Pure Cycle has a twelve month low of $8.94 and a twelve month high of $14.63.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the transaction, the director now owns 2,668,778 shares in the company, valued at $34,960,991.80. This represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 17.20% of the stock is owned by company insiders.

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.