Hudson Technologies, Inc. (NASDAQ:HDSN - Free Report) - Research analysts at Roth Capital lowered their Q1 2024 earnings per share estimates for shares of Hudson Technologies in a research note issued to investors on Tuesday, April 30th. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.20. The consensus estimate for Hudson Technologies' current full-year earnings is $0.98 per share. Roth Capital also issued estimates for Hudson Technologies' Q2 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.95 EPS and FY2025 earnings at $1.18 EPS.
Other equities analysts have also issued research reports about the company. Craig Hallum decreased their price target on Hudson Technologies from $16.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday. Canaccord Genuity Group downgraded Hudson Technologies from a "buy" rating to a "hold" rating and cut their target price for the stock from $15.00 to $10.00 in a report on Thursday. Canaccord Genuity Group reissued a "hold" rating and issued a $10.00 price objective (down from $15.00) on shares of Hudson Technologies in a research note on Thursday. Roth Mkm decreased their target price on Hudson Technologies from $14.00 to $13.00 and set a "buy" rating for the company in a research report on Wednesday. Finally, B. Riley decreased their target price on Hudson Technologies from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hudson Technologies has an average rating of "Moderate Buy" and a consensus target price of $12.40.
Read Our Latest Stock Report on HDSN
Hudson Technologies Stock Performance
NASDAQ:HDSN traded down $0.70 during mid-day trading on Thursday, hitting $9.10. 3,553,604 shares of the stock were exchanged, compared to its average volume of 502,045. The firm's 50-day simple moving average is $11.70 and its 200 day simple moving average is $12.55. Hudson Technologies has a fifty-two week low of $7.21 and a fifty-two week high of $15.24. The stock has a market capitalization of $414.14 million, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.01.
Hudson Technologies (NASDAQ:HDSN - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $65.25 million during the quarter, compared to analysts' expectations of $63.04 million. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. During the same period last year, the firm posted $0.33 EPS.
Institutional Trading of Hudson Technologies
A number of institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in Hudson Technologies by 417.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company's stock worth $94,000 after buying an additional 5,610 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in Hudson Technologies in the first quarter worth about $126,000. Arizona State Retirement System purchased a new stake in Hudson Technologies in the fourth quarter worth about $154,000. Paradice Investment Management LLC purchased a new stake in Hudson Technologies in the fourth quarter worth about $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hudson Technologies in the fourth quarter worth about $163,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
About Hudson Technologies
(
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Hudson Technologies, Inc, through its subsidiary, Hudson Technologies Company, engages in the provision of solutions to recurring problems within the refrigeration industry in the United States. The company engages in the sale of refrigerant and industrial gas; provision of refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination and recovery to remove moisture, oils, and other contaminants.
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