Fuel Tech (FTEK) Set to Announce Quarterly Earnings on Wednesday

Fuel Tech (NASDAQ:FTEK) will announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Fuel Tech (NASDAQ:FTEK) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $7.04 million during the quarter, compared to analyst estimates of $5.81 million. Fuel Tech had a negative return on equity of 0.50% and a negative net margin of 0.84%. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. On average, analysts expect Fuel Tech to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fuel Tech Stock Performance

Shares of Fuel Tech stock remained flat at $1.02 during trading on Tuesday. The stock had a trading volume of 28,579 shares, compared to its average volume of 69,407. The firm’s fifty day simple moving average is $1.02 and its two-hundred day simple moving average is $1.07. The stock has a market capitalization of $31.32 million, a price-to-earnings ratio of -102.00 and a beta of 4.13. Fuel Tech has a twelve month low of $0.91 and a twelve month high of $1.34.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Fuel Tech in a report on Saturday. They set a “hold” rating for the company.

About Fuel Tech

Fuel Tech, Inc provides boiler optimization, efficiency improvement, and air pollution reduction and control solutions to utility and industrial customers worldwide. The company operates through Air Pollution Control Technology and FUEL CHEM Technology segments. 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; 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.