Hudson Technologies, Inc. (HDSN) Expected to Post Earnings of $0.13 Per Share

Wall Street analysts expect Hudson Technologies, Inc. (NASDAQ:HDSN) to report earnings per share (EPS) of $0.13 for the current quarter, Zacks reports. Four analysts have issued estimates for Hudson Technologies’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.16. Hudson Technologies posted earnings per share of $0.14 during the same quarter last year, which indicates a negative year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Hudson Technologies will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.44. For the next financial year, analysts forecast that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.44 to $0.61. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow 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, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 16.32% and a return on equity of 27.95%. The firm had revenue of $52.23 million during the quarter, compared to analyst estimates of $46.34 million.

Several research analysts have recently issued reports on HDSN shares. Zacks Investment Research upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $7.50 target price for the company in a report on Tuesday, April 25th. B. Riley restated a “buy” rating and issued a $8.50 target price on shares of Hudson Technologies in a report on Thursday, May 4th. ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. TheStreet upgraded shares of Hudson Technologies from a “c+” rating to a “b” rating in a report on Wednesday, May 31st. Finally, Roth Capital set a $10.00 target price on shares of Hudson Technologies and gave the company a “buy” rating in a report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Hudson Technologies has an average rating of “Hold” and a consensus price target of $9.50.

Hudson Technologies (NASDAQ:HDSN) traded up 1.30% during trading on Wednesday, hitting $8.54. 82,822 shares of the stock traded hands. Hudson Technologies has a 12 month low of $5.50 and a 12 month high of $10.40. The firm has a 50-day moving average price of $8.60 and a 200 day moving average price of $7.73. The firm has a market cap of $355.58 million, a PE ratio of 20.00 and a beta of 1.12.

A number of hedge funds have recently added to or reduced their stakes in HDSN. West Face Capital Inc. increased its stake in Hudson Technologies by 8.3% in the second quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock valued at $22,144,000 after buying an additional 200,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Hudson Technologies by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,710,780 shares of the industrial products company’s stock valued at $14,456,000 after buying an additional 267,862 shares during the period. Cooper Creek Partners Management LLC increased its stake in Hudson Technologies by 3.9% in the second quarter. Cooper Creek Partners Management LLC now owns 1,506,291 shares of the industrial products company’s stock valued at $12,728,000 after buying an additional 56,500 shares during the period. Vanguard Group Inc. increased its stake in Hudson Technologies by 12.8% in the second quarter. Vanguard Group Inc. now owns 1,417,857 shares of the industrial products company’s stock valued at $11,980,000 after buying an additional 160,663 shares during the period. Finally, Systematic Financial Management LP increased its stake in Hudson Technologies by 42.2% in the second quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after buying an additional 376,940 shares during the period. Hedge funds and other institutional investors own 74.39% of the company’s stock.

About Hudson Technologies

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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