Analysts forecast that Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) will announce sales of $9.55 million for the current quarter, Zacks reports. Two analysts have provided estimates for Hydrogenics’ earnings. The highest sales estimate is $11.10 million and the lowest is $8.00 million. Hydrogenics reported sales of $8.15 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.2%. The firm is expected to report its next earnings results on Friday, May 10th.
On average, analysts expect that Hydrogenics will report full year sales of $45.55 million for the current fiscal year, with estimates ranging from $38.00 million to $53.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $90.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hydrogenics.
Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last released its quarterly earnings results on Friday, March 15th. The energy company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.23) by $0.03. The business had revenue of $10.48 million during the quarter, compared to analysts’ expectations of $10.05 million. Hydrogenics had a negative return on equity of 81.90% and a negative net margin of 39.35%.
HYGS has been the topic of a number of research reports. Canaccord Genuity assumed coverage on Hydrogenics in a report on Wednesday, January 16th. They issued a “speculative buy” rating and a $8.75 price objective on the stock. HC Wainwright set a $8.00 price objective on Hydrogenics and gave the company a “buy hygs” rating in a research report on Monday, December 24th. ValuEngine raised Hydrogenics from a “buy” rating to a “strong-buy” rating in a research note on Monday, December 31st. Roth Capital downgraded Hydrogenics from a “buy” rating to a “neutral” rating and set a $7.00 price objective on the stock. in a research note on Wednesday, January 30th. Finally, Zacks Investment Research raised Hydrogenics from a “sell” rating to a “hold” rating in a research report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.56.
A hedge fund recently raised its stake in Hydrogenics stock. Emancipation Management LLC grew its stake in Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) by 43.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,200 shares of the energy company’s stock after acquiring an additional 11,200 shares during the period. Hydrogenics accounts for approximately 0.7% of Emancipation Management LLC’s holdings, making the stock its 21st largest position. Emancipation Management LLC owned approximately 0.20% of Hydrogenics worth $186,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 16.45% of the company’s stock.
HYGS opened at $8.20 on Tuesday. The firm has a market cap of $155.72 million, a P/E ratio of -9.53 and a beta of 0.83. Hydrogenics has a 52 week low of $3.80 and a 52 week high of $9.10.
Hydrogenics Company Profile
Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane technology. It operates in two segments, OnSite Generation and Power Systems. The OnSite Generation segment develops products for industrial gas, hydrogen fueling, and renewable energy storage markets.
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