Hudson (HUD) Shares Up 7.3% on Earnings Beat

Hudson (NYSE:HUD) shares shot up 7.3% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $16.45 and last traded at $17.43. 21,218 shares were traded during trading, a decline of 97% from the average session volume of 613,664 shares. The stock had previously closed at $16.25.

The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $426.80 million for the quarter, compared to analyst estimates of $415.67 million.

A number of research firms have weighed in on HUD. ValuEngine downgraded Hudson from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Goldman Sachs began coverage on Hudson in a report on Monday, February 26th. They set a “buy” rating and a $19.00 price objective on the stock. Zacks Investment Research raised Hudson from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, May 1st. Bank of America began coverage on Hudson in a report on Monday, February 26th. They set a “buy” rating and a $19.00 price objective on the stock. Finally, UBS began coverage on Hudson in a report on Monday, February 26th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Hudson has an average rating of “Buy” and a consensus target price of $18.25.

Several large investors have recently bought and sold shares of HUD. American International Group Inc. bought a new position in shares of Hudson in the first quarter valued at approximately $405,000. Quantitative Systematic Strategies LLC bought a new position in shares of Hudson in the first quarter valued at approximately $513,000. Rhumbline Advisers bought a new position in shares of Hudson in the first quarter valued at approximately $561,000. State of New Jersey Common Pension Fund D bought a new position in shares of Hudson in the first quarter valued at approximately $796,000. Finally, Wells Fargo & Company MN bought a new position in shares of Hudson in the first quarter valued at approximately $800,000. Institutional investors own 1.30% of the company’s stock.

The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.65 and a current ratio of 1.24. The company has a market cap of $1.40 billion and a PE ratio of 39.75.

Hudson Company Profile

Hudson Ltd. operates as a duty-paid and duty-free travel retail company. It 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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