Hudson Technologies, Inc. (HDSN) Expected to Post Q3 2017 Earnings of $0.04 Per Share
Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at William Blair reduced their Q3 2017 earnings per share estimates for shares of Hudson Technologies in a note issued to investors on Wednesday. William Blair analyst R. Merkel now anticipates that the industrial products company will post earnings of $0.04 per share for the quarter, down from their prior estimate of $0.08. William Blair also issued estimates for Hudson Technologies’ FY2017 earnings at $0.35 EPS and FY2018 earnings at $0.40 EPS.
Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Roth Capital set a $11.00 price target on shares of Hudson Technologies and gave the company a “buy” rating in a research report on Thursday, August 10th. B. Riley reissued a “buy” rating and issued a $8.50 price target on shares of Hudson Technologies in a research report on Saturday, August 12th. BidaskClub raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Hudson Technologies presently has a consensus rating of “Hold” and an average target price of $9.50.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. The firm had revenue of $52.23 million for the quarter, compared to analyst estimates of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC acquired a new stake in Hudson Technologies in the 2nd quarter valued at $314,000. Systematic Financial Management LP grew its position in 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 purchasing an additional 376,940 shares during the period. AXA acquired a new stake in Hudson Technologies in the 1st quarter valued at $106,000. Parthenon LLC acquired a new stake in Hudson Technologies in the 2nd quarter valued at $237,000. Finally, Cooper Creek Partners Management LLC grew its position in Hudson Technologies by 3.9% in the 2nd quarter. Cooper Creek Partners Management LLC now owns 1,506,291 shares of the industrial products company’s stock valued at $12,728,000 after purchasing an additional 56,500 shares during the period. 75.66% of the stock is owned by institutional investors and hedge funds.
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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