Analysts forecast that Hudson Technologies, Inc. (NASDAQ:HDSN) will post $61.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hudson Technologies’ earnings, with the highest sales estimate coming in at $62.55 million and the lowest estimate coming in at $60.00 million. Hudson Technologies posted sales of $24.71 million during the same quarter last year, which suggests a positive year-over-year growth rate of 148%. The company is scheduled to announce its next earnings results on Wednesday, November 14th.
According to Zacks, analysts expect that Hudson Technologies will report full-year sales of $197.95 million for the current financial year, with estimates ranging from $195.50 million to $200.39 million. For the next year, analysts expect that the firm will post sales of $235.44 million, with estimates ranging from $231.00 million to $239.88 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.72). Hudson Technologies had a negative return on equity of 0.96% and a negative net margin of 23.19%. The firm had revenue of $58.08 million during the quarter, compared to the consensus estimate of $66.03 million.
Several brokerages have recently issued reports on HDSN. William Blair lowered Hudson Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, July 19th. ValuEngine lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Hudson Technologies has an average rating of “Hold” and an average price target of $6.50.
Several large investors have recently made changes to their positions in HDSN. Thompson Investment Management Inc. bought a new position in Hudson Technologies during the 2nd quarter valued at approximately $131,000. Millennium Management LLC bought a new position in Hudson Technologies during the 1st quarter valued at approximately $149,000. Jane Street Group LLC bought a new position in Hudson Technologies during the 2nd quarter valued at approximately $200,000. LMR Partners LLP bought a new position in Hudson Technologies during the 2nd quarter valued at approximately $211,000. Finally, Alps Advisors Inc. bought a new position in Hudson Technologies during the 2nd quarter valued at approximately $290,000. 77.03% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:HDSN traded up $0.10 during trading on Wednesday, hitting $1.27. The stock had a trading volume of 784,100 shares, compared to its average volume of 532,394. Hudson Technologies has a 12 month low of $1.13 and a 12 month high of $7.73. The firm has a market capitalization of $54.28 million, a P/E ratio of 2.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.41 and a current ratio of 2.09.
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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