$61.50 Million in Sales Expected for Hudson Technologies, Inc. (HDSN) This Quarter
Equities research analysts expect that Hudson Technologies, Inc. (NASDAQ:HDSN) will report sales of $61.50 million for the current quarter, Zacks reports. Two analysts have provided estimates for Hudson Technologies’ earnings, with estimates ranging from $60.99 million to $62.00 million. Hudson Technologies reported sales of $58.08 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is expected to announce its next earnings results on Wednesday, August 14th.
On average, analysts expect that Hudson Technologies will report full year sales of $181.11 million for the current year, with estimates ranging from $180.51 million to $181.70 million. For the next financial year, analysts forecast that the firm will report sales of $209.39 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Hudson Technologies.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, March 6th. The industrial products company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The firm had revenue of $25.72 million for the quarter, compared to analysts’ expectations of $25.18 million. Hudson Technologies had a negative return on equity of 16.86% and a negative net margin of 34.35%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Weber Alan W bought a new stake in shares of Hudson Technologies during the fourth quarter worth $273,000. Vanguard Group Inc lifted its position in shares of Hudson Technologies by 1.2% during the third quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 18,319 shares during the last quarter. Thompson Investment Management Inc. lifted its position in shares of Hudson Technologies by 55.0% during the fourth quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 80,000 shares during the last quarter. Norges Bank bought a new stake in shares of Hudson Technologies during the fourth quarter worth $351,000. Finally, Jane Street Group LLC bought a new stake in shares of Hudson Technologies during the first quarter worth $35,000. 63.74% of the stock is owned by institutional investors.
NASDAQ HDSN traded up $0.05 on Thursday, hitting $2.05. 642,100 shares of the stock were exchanged, compared to its average volume of 367,768. The company has a quick ratio of 0.39, a current ratio of 1.88 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $88.19 million, a price-to-earnings ratio of -8.91 and a beta of 1.83. Hudson Technologies has a 52-week low of $0.70 and a 52-week high of $2.73.
About Hudson Technologies
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 services.
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