Hudson Technologies (NASDAQ:HDSN) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.01-$0.02 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $44-$48 million, compared to the consensus revenue estimate of $72.61 million.Hudson Technologies also updated its FY18 guidance to $0.38-$0.42 EPS.
A number of equities analysts recently issued reports on HDSN shares. B. Riley lowered their price target on shares of Hudson Technologies from $7.50 to $6.50 and set a neutral rating on the stock in a report on Tuesday, March 6th. ValuEngine downgraded shares of Hudson Technologies from a hold rating to a sell rating in a report on Wednesday, March 7th. Zacks Investment Research raised shares of Hudson Technologies from a sell rating to a hold rating in a report on Tuesday, February 20th. BidaskClub raised shares of Hudson Technologies from a sell rating to a hold rating in a report on Tuesday, March 6th. Finally, William Blair reaffirmed an outperform rating on shares of Hudson Technologies in a report on Thursday, March 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Hudson Technologies presently has a consensus rating of Hold and an average target price of $7.75.
Hudson Technologies (NASDAQ:HDSN) traded down $0.02 during mid-day trading on Wednesday, hitting $5.47. 376,708 shares of the stock traded hands, compared to its average volume of 348,105. Hudson Technologies has a 1 year low of $5.37 and a 1 year high of $10.40. The stock has a market capitalization of $229.96, a P/E ratio of 21.88, a PEG ratio of 0.55 and a beta of 1.04.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, March 7th. The industrial products company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. Hudson Technologies had a net margin of 7.95% and a return on equity of 11.95%. The company had revenue of $24.60 million for the quarter, compared to analysts’ expectations of $17.02 million. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Hudson Technologies’s quarterly revenue was up 215.4% on a year-over-year basis. analysts anticipate that Hudson Technologies will post 0.4 earnings per share for the current fiscal year.
In other news, Director Richard Parrillo acquired 10,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were acquired at an average price of $5.80 per share, for a total transaction of $58,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.00% 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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