Wall Street analysts forecast that Hudson Technologies, Inc. (NASDAQ:HDSN) will announce earnings per share of $0.04 for the current quarter, according to Zacks. Three analysts have provided estimates for Hudson Technologies’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.00. Hudson Technologies posted earnings per share of $0.05 in the same quarter last year, which would suggest a negative year-over-year growth rate of 20%. The firm is expected to announce its next earnings results on Wednesday, November 14th.
On average, analysts expect that Hudson Technologies will report full-year earnings of ($0.05) per share for the current financial year, with EPS estimates ranging from ($0.15) to $0.11. For the next year, analysts anticipate that the business will report earnings of $0.25 per share, with EPS estimates ranging from $0.15 to $0.31. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.72). Hudson Technologies had a negative net margin of 23.19% and a negative return on equity of 0.96%. The firm had revenue of $58.08 million during the quarter, compared to the consensus estimate of $66.03 million.
HDSN has been the subject of a number of research analyst reports. ValuEngine cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. William Blair cut shares of Hudson Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.50.
Several large investors have recently bought and sold shares of HDSN. Thompson Investment Management Inc. bought a new position in shares of Hudson Technologies in the second quarter valued at approximately $131,000. Millennium Management LLC bought a new position in Hudson Technologies in the 1st quarter worth approximately $149,000. Jane Street Group LLC bought a new position in Hudson Technologies in the 2nd quarter worth approximately $200,000. LMR Partners LLP bought a new position in Hudson Technologies in the 2nd quarter worth approximately $211,000. Finally, Alps Advisors Inc. bought a new position in Hudson Technologies in the 2nd quarter worth approximately $290,000. Institutional investors own 77.07% of the company’s stock.
NASDAQ:HDSN opened at $1.40 on Friday. Hudson Technologies has a 1 year low of $1.38 and a 1 year high of $9.80. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.09 and a quick ratio of 0.41. The company has a market capitalization of $64.88 million, a PE ratio of 2.98 and a beta of 1.16.
About Hudson Technologies
Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.
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