Equities research analysts expect Hudson Technologies, Inc. (NASDAQ:HDSN) to announce earnings per share of $0.07 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hudson Technologies’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.03. Hudson Technologies posted earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 50%. The firm is scheduled to report its next earnings results on Wednesday, November 1st.
On average, analysts expect that Hudson Technologies will report full year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.33 to $0.40. For the next year, analysts anticipate that the business will report earnings of $0.46 per share, with EPS estimates ranging from $0.40 to $0.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. The business had revenue of $52.23 million during 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%.
A number of research analysts have recently weighed in on HDSN shares. Roth Capital set a $10.00 price target on Hudson Technologies and gave the company a “buy” rating in a research report on Wednesday, June 28th. BidaskClub upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. B. Riley cut Hudson Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $8.50 to $10.00 in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.50.
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Shares of Hudson Technologies (NASDAQ HDSN) traded down 0.33% on Wednesday, hitting $6.00. 422,484 shares of the stock traded hands. The company has a market cap of $249.82 million, a PE ratio of 14.05 and a beta of 1.11. Hudson Technologies has a 12 month low of $5.55 and a 12 month high of $10.40. The firm’s 50 day moving average is $8.33 and its 200-day moving average is $8.07.
A number of institutional investors have recently bought and sold shares of HDSN. DnB Asset Management AS increased its position in Hudson Technologies by 1,228.6% during the 2nd quarter. DnB Asset Management AS now owns 603,180 shares of the industrial products company’s stock worth $5,097,000 after purchasing an additional 557,780 shares in the last quarter. State Street Corp purchased a new stake in Hudson Technologies during the 2nd quarter worth about $3,430,000. Systematic Financial Management LP increased its position in Hudson Technologies by 42.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock worth $10,738,000 after purchasing an additional 376,940 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hudson Technologies by 33.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock worth $9,523,000 after purchasing an additional 363,346 shares in the last quarter. Finally, West Face Capital Inc. increased its position in Hudson Technologies by 8.3% during the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock worth $22,144,000 after purchasing an additional 200,000 shares in the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
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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