Hudson Technologies, Inc. (HDSN) to Post FY2019 Earnings of $0.41 Per Share, William Blair Forecasts
Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at William Blair issued their FY2019 EPS estimates for shares of Hudson Technologies in a report released on Thursday. William Blair analyst R. Merkel forecasts that the industrial products company will post earnings per share of $0.41 for the year.
A number of other brokerages have also issued reports on HDSN. BidaskClub lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. ValuEngine lowered Hudson Technologies from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. B. Riley lowered Hudson Technologies from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Friday, August 11th. Zacks Investment Research lowered Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Finally, Roth Capital set a $11.00 price target on Hudson Technologies and gave the stock a “buy” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Hudson Technologies currently has an average rating of “Hold” and a consensus target price of $9.25.
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Hudson Technologies (HDSN) traded up $0.06 during trading hours on Monday, hitting $6.18. The stock had a trading volume of 565,300 shares, compared to its average volume of 626,638. The company has a market cap of $260.22, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.12. Hudson Technologies has a 1-year low of $5.70 and a 1-year high of $10.40.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $24.70 million during the quarter, compared to analyst estimates of $25.00 million. Hudson Technologies had a return on equity of 12.58% and a net margin of 11.69%. The company’s revenue for the quarter was down 29.2% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDSN. OxFORD Asset Management LLP purchased a new position in Hudson Technologies during the 3rd quarter worth $3,866,000. State Street Corp purchased a new position in Hudson Technologies during the 2nd quarter worth $3,430,000. Systematic Financial Management LP increased its holdings in Hudson Technologies by 42.2% during the 2nd quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock worth $10,738,000 after purchasing an additional 376,940 shares during the period. Dimensional Fund Advisors LP increased its holdings in Hudson Technologies by 33.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,442,918 shares of the industrial products company’s stock worth $9,523,000 after purchasing an additional 363,346 shares during the period. Finally, West Face Capital Inc. increased its holdings in Hudson Technologies by 8.3% during the 2nd quarter. West Face Capital Inc. now owns 2,620,580 shares of the industrial products company’s stock worth $22,144,000 after purchasing an additional 200,000 shares during the period. Institutional investors own 72.34% of the company’s stock.
Hudson Technologies Company Profile
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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