Equities research analysts expect Hudson Technologies, Inc. (NASDAQ:HDSN) to announce $46.34 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Hudson Technologies’ earnings, with the highest sales estimate coming in at $48.10 million and the lowest estimate coming in at $43.26 million. Hudson Technologies reported sales of $34.61 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.9%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, August 9th.

According to Zacks, analysts expect that Hudson Technologies will report full year sales of $46.34 million for the current financial year, with estimates ranging from $137.89 million to $154.48 million. For the next fiscal year, analysts anticipate that the business will report sales of $183.04 million per share, with estimates ranging from $164.56 million to $194.03 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Hudson Technologies.

Several equities research analysts have weighed in on HDSN shares. 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 note on Tuesday, April 25th. B. Riley restated a “buy” rating and set a $8.50 target price on shares of Hudson Technologies in a research note on Thursday, May 4th. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet upgraded Hudson Technologies from a “c+” rating to a “b” rating in a research note on Wednesday, May 31st. Finally, Roth Capital set a $10.00 target price on Hudson Technologies and gave the stock a “buy” rating in a research note on Saturday, June 17th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Hudson Technologies has an average rating of “Hold” and an average target price of $8.67.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was illegally copied and reposted in violation of US & international copyright laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/07/46-34-million-in-sales-expected-for-hudson-technologies-inc-nasdaqhdsn-this-quarter.html.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DnB Asset Management AS boosted its position in shares of Hudson Technologies by 1,228.6% in the second quarter. DnB Asset Management AS now owns 603,180 shares of the industrial products company’s stock worth $5,097,000 after buying an additional 557,780 shares during the last quarter. VNBTrust National Association boosted its position in shares of Hudson Technologies by 72.8% in the first quarter. VNBTrust National Association now owns 1,028,871 shares of the industrial products company’s stock worth $6,791,000 after buying an additional 433,536 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hudson Technologies by 51.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,079,572 shares of the industrial products company’s stock worth $8,647,000 after buying an additional 366,756 shares during the last quarter. Systematic Financial Management LP boosted its position in shares of Hudson Technologies by 48.9% in the first quarter. Systematic Financial Management LP now owns 893,795 shares of the industrial products company’s stock worth $5,899,000 after buying an additional 293,715 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Hudson Technologies by 168.0% in the fourth quarter. Renaissance Technologies LLC now owns 263,400 shares of the industrial products company’s stock worth $2,110,000 after buying an additional 165,100 shares during the last quarter. Institutional investors own 76.23% of the company’s stock.

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.

Get a free copy of the Zacks research report on Hudson Technologies (HDSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hudson Technologies (NASDAQ:HDSN)

Receive News & Ratings for Hudson Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.