Hudson (NYSE:HUD) released its quarterly earnings data on Thursday, March 15th. The company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.05, Morningstar.com reports. Hudson had a net margin of 4.53% and a return on equity of 8.98%. The firm had revenue of $450.40 million for the quarter, compared to analyst estimates of $451.97 million. During the same quarter in the prior year, the business earned ($0.43) earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year.
HUD traded down $0.01 during midday trading on Friday, hitting $14.80. 217,426 shares of the company traded hands, compared to its average volume of 733,635. Hudson has a 52-week low of $14.55 and a 52-week high of $18.38.
HUD has been the topic of a number of recent analyst reports. Bank of America initiated coverage on shares of Hudson in a report on Monday, February 26th. They set a “buy” rating and a $19.00 price target on the stock. UBS initiated coverage on shares of Hudson in a report on Monday, February 26th. They set a “buy” rating on the stock. Goldman Sachs initiated coverage on shares of Hudson in a report on Monday, February 26th. They set a “buy” rating and a $19.00 price target on the stock. Morgan Stanley began coverage on shares of Hudson in a report on Monday, February 26th. They set an “equal weight” rating and a $18.00 price target on the stock. Finally, Credit Suisse Group began coverage on shares of Hudson in a report on Monday, February 26th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $18.67.
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Hudson Company Profile
Hudson Ltd is a travel concession operator in the continental United States and Canada. The Company operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores and quick-service food and beverage outlets under proprietary and third-party brands.
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