Hudson Technologies, Inc. (HDSN) Forecasted to Earn Q1 2018 Earnings of $0.02 Per Share
Hudson Technologies, Inc. (NASDAQ:HDSN) – Equities researchers at B. Riley dropped their Q1 2018 EPS estimates for shares of Hudson Technologies in a note issued to investors on Thursday. B. Riley analyst S. Sherbetchyan now forecasts that the industrial products company will post earnings of $0.02 per share for the quarter, down from their previous estimate of $0.12. B. Riley currently has a “Neutral” rating and a $6.50 price target on the stock. B. Riley also issued estimates for Hudson Technologies’ Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at ($0.08) EPS and FY2018 earnings at $0.40 EPS.
Other research analysts have also recently issued reports about the stock. Roth Capital set a $9.00 price objective on shares of Hudson Technologies and gave the stock a “buy” rating in a research report on Thursday, March 8th. ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. BidaskClub upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, February 20th. Finally, William Blair reiterated an “outperform” rating on shares of Hudson Technologies in a research report on Thursday, March 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.75.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, March 7th. The industrial products company reported ($0.06) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.03. The company had revenue of $24.60 million for the quarter, compared to analysts’ expectations of $17.02 million. Hudson Technologies had a net margin of 7.95% and a return on equity of 11.95%. Hudson Technologies’s revenue for the quarter was up 215.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.05) earnings per share.
In other Hudson Technologies news, Director Richard Parrillo purchased 10,000 shares of Hudson Technologies stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $5.80 per share, for a total transaction of $58,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 18.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its position in Hudson Technologies by 13.2% during the second quarter. Ameriprise Financial Inc. now owns 17,325 shares of the industrial products company’s stock valued at $146,000 after acquiring an additional 2,025 shares during the last quarter. Allianz Asset Management GmbH grew its position in Hudson Technologies by 3.0% during the third quarter. Allianz Asset Management GmbH now owns 421,177 shares of the industrial products company’s stock valued at $3,289,000 after acquiring an additional 12,415 shares during the last quarter. Voya Investment Management LLC bought a new position in Hudson Technologies during the second quarter valued at approximately $131,000. Thompson Davis & CO. Inc. grew its position in Hudson Technologies by 48.2% during the fourth quarter. Thompson Davis & CO. Inc. now owns 48,391 shares of the industrial products company’s stock valued at $294,000 after acquiring an additional 15,730 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in Hudson Technologies during the third quarter valued at approximately $144,000. Institutional investors and hedge funds own 77.87% of the company’s stock.
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About Hudson Technologies
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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