Hudson Technologies (NASDAQ:HDSN) Releases Earnings Results, Misses Estimates By $0.07 EPS

Key Points

• Hudson Technologies reported $0.05 in quarterly EPS, missing the analyst consensus of $0.12 by $0.07. Revenue was $59.42 million, well below the $77.96 million estimate.
• Shares fell slightly to $5.23 following the results, with the stock trading near its 12-month low and below its 50-day and 200-day moving averages.
• Analyst sentiment remains mixed: the consensus rating is Hold with an average price target of $8.62, while major shareholder Hartree Partners recently increased its stake by purchasing 118,549 shares.

Hudson Technologies (NASDAQ:HDSN - Get Free Report) released its earnings results on Wednesday. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.07), FiscalAI reports. The firm had revenue of $59.42 million during the quarter, compared to the consensus estimate of $77.96 million. Hudson Technologies had a return on equity of 4.95% and a net margin of 3.51%.

Hudson Technologies Price Performance

Hudson Technologies stock traded down $0.03 during trading hours on Wednesday, reaching $5.23. The company had a trading volume of 463,941 shares, compared to its average volume of 433,082. Hudson Technologies has a 12-month low of $4.64 and a 12-month high of $9.52. The company has a 50-day moving average price of $5.28 and a 200 day moving average price of $5.97. The firm has a market cap of $220.13 million, a price-to-earnings ratio of 26.15 and a beta of 0.83.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Canaccord Genuity Group reduced their price target on shares of Hudson Technologies from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Hudson Technologies from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Hudson Technologies has a consensus rating of "Hold" and an average target price of $8.62.

Insider Buying and Selling at Hudson Technologies

In other news, major shareholder Hartree Partners, Lp bought 118,549 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average cost of $5.10 per share, with a total value of $604,599.90. Following the completion of the purchase, the insider directly owned 5,348,517 shares in the company, valued at $27,277,436.70. This represents a 2.27% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders purchased a total of 254,327 shares of company stock worth $1,339,392 over the last ninety days. Corporate insiders own 1.90% of the company's stock.

Hudson Technologies Company Profile

Hudson Technologies, Inc NASDAQ: HDSN provides refrigerant products and services for the heating, ventilation, air conditioning and refrigeration (HVACR) industry. The company supplies reclaimed and recycled refrigerants, as well as virgin refrigerants and related products, to customers that operate or service commercial, industrial and residential cooling systems.

Its services include refrigerant reclamation, refrigerant management, cylinder management, technical support and logistics.

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