Zacks: Brokerages Anticipate Hudson Technologies, Inc. (HDSN) Will Post Earnings of $0.11 Per Share
Brokerages expect Hudson Technologies, Inc. (NASDAQ:HDSN) to announce $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hudson Technologies’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.11. Hudson Technologies reported earnings per share of $0.14 in the same quarter last year, which suggests a negative year over year growth rate of 21.4%. The company is expected to report its next quarterly earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Hudson Technologies will report full year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.40 to $0.42. For the next year, analysts forecast that the company will report earnings of $0.53 per share, with EPS estimates ranging from $0.48 to $0.61. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%. The company had revenue of $52.23 million for the quarter, compared to analyst estimates of $46.34 million.
A number of equities analysts have commented on HDSN shares. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet raised shares of Hudson Technologies from a “c+” rating to a “b” rating in a research note on Wednesday, May 31st. Roth Capital set a $10.00 target price on shares of Hudson Technologies and gave the stock a “buy” rating in a research note on Saturday, June 17th. BidaskClub raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Hudson Technologies presently has a consensus rating of “Hold” and a consensus target price of $9.50.
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Hudson Technologies (HDSN) traded down 2.46% during mid-day trading on Friday, reaching $9.13. 640,852 shares of the company were exchanged. The company has a market capitalization of $380.15 million, a price-to-earnings ratio of 21.38 and a beta of 1.13. Hudson Technologies has a 1-year low of $5.55 and a 1-year high of $10.40. The company has a 50 day moving average of $8.53 and a 200-day moving average of $7.85.
Several institutional investors have recently added to or reduced their stakes in HDSN. DnB Asset Management AS raised its stake in shares of Hudson Technologies by 1,228.6% in the 2nd quarter. DnB Asset Management AS now owns 603,180 shares of the industrial products company’s stock valued at $5,097,000 after acquiring an additional 557,780 shares during the period. State Street Corp purchased a new stake in shares of Hudson Technologies in the 2nd quarter valued at approximately $3,430,000. Systematic Financial Management LP raised its stake in shares of Hudson Technologies by 42.2% in the 2nd quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after acquiring an additional 376,940 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hudson Technologies by 33.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock valued at $9,523,000 after acquiring an additional 363,346 shares during the period. Finally, West Face Capital Inc. raised its stake in shares of Hudson Technologies by 8.3% in the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock valued at $22,144,000 after acquiring an additional 200,000 shares during the period. 78.15% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies Company Profile
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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