Wall Street brokerages predict that Hudson Technologies, Inc. (NASDAQ:HDSN) will post earnings per share (EPS) of $0.04 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hudson Technologies’ earnings, with estimates ranging from $0.00 to $0.11. Hudson Technologies reported earnings of $0.05 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings report on Wednesday, November 14th.

On average, analysts expect that Hudson Technologies will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.15) to $0.11. For the next financial year, analysts forecast that the company will report earnings of $0.25 per share, with EPS estimates ranging from $0.15 to $0.31. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hudson Technologies.

Hudson Technologies (NASDAQ:HDSN) last announced its earnings results on Wednesday, August 8th. The industrial products company reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.72). Hudson Technologies had a negative net margin of 23.19% and a negative return on equity of 0.96%. The firm had revenue of $58.08 million for the quarter, compared to the consensus estimate of $66.03 million.

Several brokerages recently weighed in on HDSN. B. Riley decreased their target price on Hudson Technologies from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, May 10th. Zacks Investment Research cut Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Friday, May 11th. ValuEngine raised Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, William Blair cut Hudson Technologies from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $6.50.

Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its position in shares of Hudson Technologies by 32.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,900 shares of the industrial products company’s stock valued at $390,000 after purchasing an additional 19,200 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Hudson Technologies by 194.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 41,821 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 27,639 shares during the period. Millennium Management LLC acquired a new position in shares of Hudson Technologies in the 1st quarter valued at $149,000. Dimensional Fund Advisors LP boosted its position in shares of Hudson Technologies by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,394,232 shares of the industrial products company’s stock valued at $11,828,000 after purchasing an additional 39,208 shares during the period. Finally, Alps Advisors Inc. acquired a new position in shares of Hudson Technologies in the 2nd quarter valued at $290,000. 77.08% of the stock is owned by institutional investors and hedge funds.

HDSN stock traded up $0.03 during trading hours on Tuesday, hitting $1.84. 7,610 shares of the stock traded hands, compared to its average volume of 509,503. Hudson Technologies has a one year low of $1.58 and a one year high of $9.80. The stock has a market capitalization of $73.78 million, a P/E ratio of 3.91 and a beta of 1.29. The company has a quick ratio of 0.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.84.

About Hudson Technologies

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing.

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Earnings History and Estimates for Hudson Technologies (NASDAQ:HDSN)

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