Brokerages Anticipate Hydrogenics Corporation (HYGS) Will Announce Quarterly Sales of $12.63 Million
Equities research analysts expect Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) to announce sales of $12.63 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hydrogenics Corporation’s earnings. The highest sales estimate is $14.10 million and the lowest is $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 firm is scheduled to announce its next earnings results before the market opens on Monday, November 6th.
According to Zacks, analysts expect that Hydrogenics Corporation will report full year sales of $12.63 million for the current fiscal year, with estimates ranging from $43.40 million to $47.90 million. For the next financial year, analysts forecast that the firm will post sales of $68.57 million per share, with estimates ranging from $65.00 million to $71.60 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hydrogenics Corporation.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last issued its quarterly earnings data on Wednesday, August 2nd. The energy company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.30). Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. The company had revenue of $7.49 million for the quarter, compared to the consensus estimate of $9.90 million.
A number of research firms have issued reports on HYGS. Cowen and Company set a $9.00 target price on Hydrogenics Corporation and gave the company a “hold” rating in a research report on Tuesday, July 11th. Roth Capital set a $11.00 price target on Hydrogenics Corporation and gave the stock a “buy” rating in a report on Friday. Zacks Investment Research upgraded Hydrogenics Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, October 16th. ValuEngine cut Hydrogenics Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price target on shares of Hydrogenics Corporation in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have 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.
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Large investors have recently added to or reduced their stakes in the company. TSP Capital Management Group LLC grew its holdings in shares of Hydrogenics Corporation by 7.1% during the second quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock worth $10,039,000 after purchasing an additional 65,852 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Hydrogenics Corporation during the second quarter worth about $3,030,000. Delta Lloyd Asset Management N.V. bought a new stake in shares of Hydrogenics Corporation during the second quarter worth about $1,515,000. Virtu KCG Holdings LLC bought a new stake in shares of Hydrogenics Corporation during the second quarter worth about $401,000. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of Hydrogenics Corporation during the first quarter worth about $655,000. Institutional investors own 19.30% of the company’s stock.
Shares of Hydrogenics Corporation (NASDAQ:HYGS) traded up 1.1896% during midday trading on Tuesday, reaching $9.7648. 7,547 shares of the company’s stock were exchanged. Hydrogenics Corporation has a 12 month low of $3.90 and a 12 month high of $11.25. The stock’s market cap is $148.74 million. The company’s 50 day moving average is $9.04 and its 200-day moving average is $8.41.
Hydrogenics Corporation Company Profile
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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