$46.74 Million in Sales Expected for Hudson Technologies, Inc. (HDSN) This Quarter
Equities analysts expect Hudson Technologies, Inc. (NASDAQ:HDSN) to report $46.74 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Hudson Technologies’ earnings, with the lowest sales estimate coming in at $43.26 million and the highest estimate coming in at $49.70 million. Hudson Technologies reported sales of $34.61 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 35%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 1st.
On average, analysts expect that Hudson Technologies will report full year sales of $46.74 million for the current financial year, with estimates ranging from $137.89 million to $154.48 million. For the next year, analysts expect that the business will report sales of $185.92 million per share, with estimates ranging from $164.56 million to $201.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 3rd. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $38.83 million during the quarter, compared to the consensus estimate of $38.96 million. Hudson Technologies had a return on equity of 15.21% and a net margin of 11.56%.
Several analysts recently issued reports on HDSN shares. TheStreet upgraded Hudson Technologies from a “c+” rating to a “b” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Hudson Technologies from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a research report on Tuesday, April 25th. BidaskClub upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Roth Capital set a $10.00 target price on Hudson Technologies and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Finally, ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Hudson Technologies presently has an average rating of “Buy” and an average target price of $8.67.
Several hedge funds have recently added to or reduced their stakes in the company. AXA acquired a new stake in Hudson Technologies during the first quarter valued at about $106,000. Airain ltd acquired a new stake in Hudson Technologies during the first quarter valued at about $118,000. BlueCrest Capital Management Ltd acquired a new stake in Hudson Technologies during the first quarter valued at about $142,000. Perigon Wealth Management LLC acquired a new stake in Hudson Technologies during the fourth quarter valued at about $194,000. Finally, Paloma Partners Management Co acquired a new stake in Hudson Technologies during the first quarter valued at about $194,000. Hedge funds and other institutional investors own 75.01% of the company’s stock.
Shares of Hudson Technologies (HDSN) traded down 1.18% during mid-day trading on Friday, hitting $9.19. The stock had a trading volume of 348,030 shares. The stock’s 50-day moving average is $8.29 and its 200 day moving average is $7.47. Hudson Technologies has a 12 month low of $3.26 and a 12 month high of $9.35. The company has a market cap of $381.74 million, a PE ratio of 26.26 and a beta of 1.13.
About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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