FY2016 EPS Estimates for Hydrogenics Corp. (HYGS) Lifted by Roth Capital
Hydrogenics Corp. (NASDAQ:HYGS) – Analysts at Roth Capital boosted their FY2016 earnings per share (EPS) estimates for Hydrogenics Corp. in a report issued on Tuesday. Roth Capital analyst C. Irwin now anticipates that the brokerage will post earnings of ($0.77) per share for the year, up from their previous forecast of ($0.81). Roth Capital has a “Buy” rating and a $13.00 price target on the stock. Roth Capital also issued estimates for Hydrogenics Corp.’s Q4 2016 earnings at ($0.19) EPS, Q1 2017 earnings at ($0.22) EPS, Q2 2017 earnings at ($0.19) EPS, Q3 2017 earnings at ($0.11) EPS and FY2017 earnings at ($0.47) EPS.
Hydrogenics Corp. (NASDAQ:HYGS) last issued its earnings results on Monday, November 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.03. The company earned $6.73 million during the quarter, compared to analysts’ expectations of $10.18 million. Hydrogenics Corp. had a negative return on equity of 56.14% and a negative net margin of 30.00%.
Other analysts have also recently issued reports about the company. Rodman & Renshaw decreased their price objective on Hydrogenics Corp. from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday. Zacks Investment Research raised Hydrogenics Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th.
Shares of Hydrogenics Corp. (NASDAQ:HYGS) opened at 4.95 on Thursday. The stock’s market capitalization is $62.09 million. Hydrogenics Corp. has a one year low of $4.65 and a one year high of $12.08. The firm has a 50-day moving average price of $5.93 and a 200 day moving average price of $6.64.
Hedge funds have recently bought and sold shares of the stock. KBC Group NV boosted its stake in Hydrogenics Corp. by 8.5% in the third quarter. KBC Group NV now owns 40,734 shares of the company’s stock valued at $267,000 after buying an additional 3,205 shares in the last quarter. DNB Asset Management AS boosted its position in shares of Hydrogenics Corp. by 16.7% in the second quarter. DNB Asset Management AS now owns 30,965 shares of the company’s stock valued at $214,000 after buying an additional 4,440 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Hydrogenics Corp. by 42.0% in the third quarter. DnB Asset Management AS now owns 43,965 shares of the company’s stock valued at $288,000 after buying an additional 13,000 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Hydrogenics Corp. by 7.6% in the second quarter. Wolverine Asset Management LLC now owns 351,468 shares of the company’s stock valued at $2,425,000 after buying an additional 24,698 shares in the last quarter. Finally, Veritable L.P. purchased a new position in shares of Hydrogenics Corp. during the second quarter valued at about $297,000. 32.13% of the stock is owned by institutional investors and hedge funds.
Hydrogenics Corp. Company Profile
Hydrogenics Corporation designs, develops and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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