Brokerages Anticipate Hudson Technologies Inc. (NASDAQ:HDSN) to Announce $0.09 Earnings Per Share
Hudson Technologies Inc. (NASDAQ:HDSN) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the four analysts that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $7.00 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Hudson Technologies an industry rank of 112 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on HDSN shares. Roth Capital reaffirmed a “buy” rating and issued a $7.50 price objective on shares of Hudson Technologies in a research report on Thursday, August 25th. B. Riley reissued a “buy” rating and set a $7.50 price target on shares of Hudson Technologies in a research report on Saturday, August 6th. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Friday, July 1st.
Hudson Technologies (NASDAQ:HDSN) opened at 6.37 on Thursday. The stock has a 50 day moving average of $6.17 and a 200 day moving average of $4.37. Hudson Technologies has a 12-month low of $2.64 and a 12-month high of $6.79. The stock has a market cap of $214.11 million, a P/E ratio of 27.70 and a beta of 1.19.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The firm earned $34.60 million during the quarter, compared to analyst estimates of $34.24 million. Hudson Technologies had a net margin of 8.54% and a return on equity of 14.90%. On average, equities research analysts anticipate that Hudson Technologies will post $0.29 earnings per share for the current fiscal year.
In other news, Director Otto C. Morch sold 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $4.96, for a total transaction of $34,720.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nat Krishnamurti sold 5,218 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $6.07, for a total transaction of $31,673.26. Following the sale, the chief financial officer now directly owns 14,000 shares in the company, valued at approximately $84,980. The disclosure for this sale can be found here. Company insiders own 24.40% of the company’s stock.
Several large investors have recently modified their holdings of the company. VNBTrust National Association boosted its stake in shares of Hudson Technologies by 40.6% in the third quarter. VNBTrust National Association now owns 555,885 shares of the company’s stock worth $3,697,000 after buying an additional 160,414 shares during the last quarter. B. Riley Financial Inc. purchased a new stake in shares of Hudson Technologies during the second quarter worth approximately $134,000. Coe Capital Management LLC purchased a new stake in shares of Hudson Technologies during the second quarter worth approximately $194,000. United Services Automobile Association boosted its stake in shares of Hudson Technologies by 255.7% in the second quarter. United Services Automobile Association now owns 93,894 shares of the company’s stock worth $338,000 after buying an additional 67,500 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its stake in shares of Hudson Technologies by 12.8% in the second quarter. BlackRock Fund Advisors now owns 72,995 shares of the company’s stock worth $263,000 after buying an additional 8,265 shares during the last quarter. 57.34% of the stock is currently owned by institutional investors and hedge funds.
Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company provides solutions to recurring problems within the refrigeration industry. Its products and services include refrigerant and industrial gas sales; refrigerant management services, which consist of reclamation of refrigerants, and RefrigerantSide services, which consist of system decontamination.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hudson Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hudson Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.