$12.63 Million in Sales Expected for Hydrogenics Corporation (HYGS) This Quarter
Equities analysts expect that Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) will report sales of $12.63 million for the current quarter, according to Zacks. Three analysts have issued estimates for Hydrogenics Corporation’s earnings, with the highest sales estimate coming in at $14.10 million and the lowest estimate coming in at $11.80 million. Hydrogenics Corporation posted sales of $6.73 million in the same quarter last year, which suggests a positive year over year growth rate of 87.7%. The company is scheduled to report its next earnings results on Monday, November 6th.
On average, analysts expect that Hydrogenics Corporation will report full-year sales of $12.63 million for the current financial year, with estimates ranging from $43.40 million to $47.90 million. For the next year, analysts anticipate that the firm will report sales of $68.57 million per share, with estimates ranging from $65.00 million to $71.60 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Hydrogenics Corporation.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last released its quarterly earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.30). The company had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.90 million. Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%.
Several equities analysts have recently weighed in on HYGS shares. ValuEngine upgraded Hydrogenics Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Cowen and Company set a $9.00 price objective on Hydrogenics Corporation and gave the company a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research upgraded Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Monday, July 17th. Roth Capital set a $11.00 price objective on Hydrogenics Corporation and gave the company a “buy” rating in a report on Monday, July 31st. Finally, HC Wainwright restated a “buy” rating and issued a $10.00 price objective on shares of Hydrogenics Corporation in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.00.
Shares of Hydrogenics Corporation (HYGS) opened at 9.45 on Wednesday. The stock’s 50 day moving average price is $8.51 and its 200 day moving average price is $8.18. Hydrogenics Corporation has a 1-year low of $3.90 and a 1-year high of $11.25. The company’s market cap is $143.94 million.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. TSP Capital Management Group LLC grew its holdings in shares of Hydrogenics Corporation by 7.1% in the 2nd quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock valued at $10,039,000 after acquiring an additional 65,852 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in Hydrogenics Corporation during the second quarter worth about $3,030,000. Delta Lloyd Asset Management N.V. bought a new position in Hydrogenics Corporation during the second quarter worth about $1,515,000. Granite Investment Partners LLC bought a new position in Hydrogenics Corporation during the second quarter worth about $1,468,000. Finally, GAM Holding AG grew its holdings in Hydrogenics Corporation by 8.9% during the second quarter. GAM Holding AG now owns 106,500 shares of the energy company’s stock worth $1,076,000 after purchasing an additional 8,663 shares during the period. Institutional investors own 19.16% of the company’s stock.
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About Hydrogenics Corporation
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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