Q4 2024 EPS Estimates for Hudson Technologies, Inc. Reduced by Roth Capital (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Roth Capital dropped their Q4 2024 earnings per share estimates for Hudson Technologies in a note issued to investors on Thursday, May 2nd. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.13. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.74 per share.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a report on Thursday, May 2nd. Craig Hallum cut their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. Roth Mkm lowered their target price on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and cut their price target for the company from $15.00 to $10.00 in a research note on Thursday, May 2nd. Finally, B. Riley lowered their price objective on shares of 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.40.

Hudson Technologies Stock Up 0.5 %

Shares of HDSN stock opened at $9.42 on Monday. The firm has a market capitalization of $428.70 million, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of 0.41 and a beta of 1.00. Hudson Technologies has a 12-month low of $7.56 and a 12-month high of $15.24. The firm has a fifty day moving average of $11.26 and a 200-day moving average of $12.42.

Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data 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. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. The business had revenue of $65.25 million for the quarter, compared to analyst estimates of $63.04 million. During the same quarter last year, the firm earned $0.33 EPS.

Hedge Funds Weigh In On Hudson Technologies

Several hedge funds have recently made changes to their positions in the business. RK Capital Management LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at approximately $6,383,000. Sixth Street Partners Management Company L.P. raised its holdings in shares of Hudson Technologies by 53.1% in the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock valued at $13,234,000 after purchasing an additional 345,000 shares during the period. EAM Investors LLC acquired a new stake in Hudson Technologies in the 3rd quarter valued at about $4,572,000. Allspring Global Investments Holdings LLC increased its position in Hudson Technologies by 83.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 144,682 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Hudson Technologies in the fourth quarter valued at approximately $1,387,000. 71.34% of the stock is owned by institutional investors.

Hudson Technologies Company Profile

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.