Wall Street brokerages expect Hudson Technologies, Inc. (NASDAQ:HDSN) to announce sales of $74.51 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hudson Technologies’ earnings. The highest sales estimate is $76.68 million and the lowest is $70.34 million. Hudson Technologies posted sales of $52.23 million during the same quarter last year, which suggests a positive year over year growth rate of 42.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 8th.
On average, analysts expect that Hudson Technologies will report full-year sales of $229.23 million for the current financial year, with estimates ranging from $228.00 million to $230.00 million. For the next fiscal year, analysts forecast that the business will report sales of $257.52 million per share, with estimates ranging from $250.00 million to $262.50 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, May 9th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). Hudson Technologies had a return on equity of 6.51% and a net margin of 1.64%. The business had revenue of $42.43 million for the quarter, compared to analysts’ expectations of $45.88 million.
A number of research firms have recently commented on HDSN. TheStreet cut shares of Hudson Technologies from a “b-” rating to a “c+” rating in a research report on Thursday, March 29th. ValuEngine raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. B. Riley reduced their target price on shares of Hudson Technologies from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, May 10th. William Blair reissued an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. Finally, Zacks Investment Research cut shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two 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 $6.50.
NASDAQ HDSN opened at $2.35 on Thursday. Hudson Technologies has a 52 week low of $2.05 and a 52 week high of $10.40. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 2.09. The firm has a market cap of $97.10 million, a PE ratio of 5.04, a PEG ratio of 1.06 and a beta of 1.13.
In other news, Director Richard Parrillo bought 25,000 shares of Hudson Technologies stock in a transaction dated Wednesday, May 30th. The shares were acquired at an average cost of $2.27 per share, with a total value of $56,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Otto C. Morch sold 12,224 shares of the company’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $2.52, for a total transaction of $30,804.48. The disclosure for this sale can be found here. Over the last three months, insiders have bought 50,000 shares of company stock worth $110,600. Corporate insiders own 18.90% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC raised its holdings in Hudson Technologies by 92.4% in the fourth quarter. Cooper Creek Partners Management LLC now owns 2,429,182 shares of the industrial products company’s stock valued at $14,745,000 after acquiring an additional 1,166,720 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Hudson Technologies by 194.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 41,821 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 27,639 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in Hudson Technologies by 24.3% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,419,899 shares of the industrial products company’s stock valued at $14,689,000 after acquiring an additional 472,409 shares in the last quarter. Suntrust Banks Inc. acquired a new stake in Hudson Technologies in the fourth quarter valued at $182,000. Finally, Municipal Employees Retirement System of Michigan raised its holdings in Hudson Technologies by 47.0% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 58,900 shares of the industrial products company’s stock valued at $358,000 after acquiring an additional 18,830 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
Hudson Technologies Company Profile
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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