Posted by admin on Aug 9th, 2022
Fuel Tech (NASDAQ:FTEK – Get Rating) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, August 10th. Analysts expect Fuel Tech to post earnings of ($0.03) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Fuel Tech (NASDAQ:FTEK – Get Rating) last released its quarterly earnings results on Tuesday, May 10th. The industrial products company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $5.54 million for the quarter, compared to the consensus estimate of $5.95 million. Fuel Tech had a negative net margin of 5.42% and a negative return on equity of 2.92%. On average, analysts expect Fuel Tech to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
FTEK opened at $1.30 on Tuesday. The business has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.28. Fuel Tech has a one year low of $1.02 and a one year high of $2.50.
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Fuel Tech by 4.2% in the 1st quarter. Renaissance Technologies LLC now owns 841,016 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 33,691 shares in the last quarter. US Bancorp DE raised its position in shares of Fuel Tech by 25.2% in the 1st quarter. US Bancorp DE now owns 304,776 shares of the industrial products company’s stock worth $442,000 after acquiring an additional 61,300 shares in the last quarter. Bank of America Corp DE raised its position in shares of Fuel Tech by 33.2% in the 1st quarter. Bank of America Corp DE now owns 67,609 shares of the industrial products company’s stock worth $98,000 after acquiring an additional 16,851 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its position in shares of Fuel Tech by 98.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 27,186 shares of the industrial products company’s stock worth $182,000 after acquiring an additional 13,500 shares in the last quarter. Institutional investors own 18.69% of the company’s stock.
Separately, StockNews.com assumed coverage on Fuel Tech in a research report on Sunday. They set a “hold” rating for the company.
Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. It operates through two segments, Air Pollution Control Technology and FUEL CHEM Technology. The Air Pollution Control Technology segment offers technologies to reduce nitrogen oxide (NOx) emissions in flue gas from boilers, incinerators, furnaces, and other stationary combustion sources by low and ultra-low NOx burners; over-fire air systems; NOxOUT and HERT selective non-catalytic reduction systems; selective catalytic reduction systems comprising ammonia injection grid, and graduated straightening grid systems; I-NOx systems; ESP Processes and Services; ULTRA technology; and flue gas conditioning systems; and burner systems.
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