Fuel Tech (FTEK) to Release Quarterly Earnings on Monday
Fuel Tech (NASDAQ:FTEK) will announce its Q214 earnings results on Monday, August 11th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $20.00 million for the quarter.
Fuel Tech (NASDAQ:FTEK) last announced its earnings results on Monday, May 12th. The company reported ($0.05) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.07. The company had revenue of $18.70 million for the quarter, compared to the consensus estimate of $22.75 million. Fuel Tech’s revenue was down 16.9% compared to the same quarter last year. On average, analysts expect Fuel Tech to post $0.08 EPS for the current fiscal year and $0.19 EPS for the next fiscal year.
Shares of Fuel Tech (NASDAQ:FTEK) opened at 5.18 on Friday. Fuel Tech has a 52 week low of $3.75 and a 52 week high of $9.63. The stock has a 50-day moving average of $5.34 and a 200-day moving average of $5.71. The company has a market cap of $118.1 million and a P/E ratio of 29.06.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Fuel Tech from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $6.60 price target on the stock. Analysts at TheStreet downgraded shares of Fuel Tech from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.
Fuel Tech, Inc (NASDAQ:FTEK) is an integrated company that uses a suite of advanced technologies to provide boiler optimization, improvement and air pollution reduction and control solutions to utility and industrial customers worldwide.
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