Hudson Technologies, Inc. (NASDAQ:HDSN) Forecasted to Earn Q1 2024 Earnings of $0.18 Per Share

Hudson Technologies, Inc. (NASDAQ:HDSN) – Equities research analysts at Roth Capital lowered their Q1 2024 earnings per share estimates for Hudson Technologies in a report released on Tuesday, April 30th. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.98 per share. Roth Capital also issued estimates for Hudson Technologies’ Q2 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.95 EPS and FY2025 earnings at $1.18 EPS.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $10.00 in a research note on Thursday. B. Riley decreased their target price on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Roth Mkm lowered their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Hudson Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

Hudson Technologies Price Performance

Hudson Technologies stock opened at $9.80 on Thursday. Hudson Technologies has a one year low of $7.21 and a one year high of $15.24. The company’s fifty day moving average price is $11.79 and its two-hundred day moving average price is $12.57. The company has a market capitalization of $446.00 million, a price-to-earnings ratio of 8.83, a PEG ratio of 0.34 and a beta of 1.01.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings results on Wednesday, March 6th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. The company had revenue of $44.86 million for the quarter, compared to analyst estimates of $39.72 million.

Hedge Funds Weigh In On Hudson Technologies

A number of institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Hudson Technologies during the third quarter worth $301,000. Bank of New York Mellon Corp grew its position in Hudson Technologies by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock worth $4,726,000 after purchasing an additional 7,175 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Hudson Technologies by 83.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 144,682 shares during the period. Brightline Capital Management LLC acquired a new position in shares of Hudson Technologies during the third quarter valued at about $1,862,000. Finally, Jump Financial LLC acquired a new position in shares of Hudson Technologies during the third quarter valued at about $262,000. 71.34% of the stock is currently 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.