Hudson Technologies, Inc. (NASDAQ:HDSN) Expected to Earn Q2 2024 Earnings of $0.26 Per Share

Hudson Technologies, Inc. (NASDAQ:HDSN) – Stock analysts at Roth Capital cut their Q2 2024 earnings per share estimates for shares of Hudson Technologies in a research report issued to clients and investors on Thursday, May 2nd. Roth Capital analyst G. Sweeney now expects that the industrial products company will post earnings of $0.26 per share for the quarter, down from their previous estimate of $0.33. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.91 per share. Roth Capital also issued estimates for Hudson Technologies’ Q3 2024 earnings at $0.23 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.03 EPS.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The firm had revenue of $65.25 million during the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a return on equity of 22.00% and a net margin of 16.70%. During the same quarter in the previous year, the company posted $0.33 EPS.

Other equities analysts have also issued reports about the company. Canaccord Genuity Group restated a “hold” rating and set a $10.00 target price (down from $15.00) on shares of Hudson Technologies in a research report on Thursday. 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. Roth Mkm decreased 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. Canaccord Genuity Group lowered Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $10.00 in a research report on Thursday. Finally, Craig Hallum decreased their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hudson Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.40.

Hudson Technologies Stock Performance

HDSN opened at $9.13 on Friday. The company has a fifty day moving average price of $11.59 and a two-hundred day moving average price of $12.53. The firm has a market capitalization of $415.51 million, a PE ratio of 9.29, a P/E/G ratio of 0.36 and a beta of 1.00. Hudson Technologies has a 52 week low of $7.21 and a 52 week high of $15.24.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its holdings in Hudson Technologies by 417.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after purchasing an additional 5,610 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Hudson Technologies during the 1st quarter valued at $126,000. Arizona State Retirement System acquired a new stake in Hudson Technologies during the 4th quarter valued at $154,000. Paradice Investment Management LLC acquired a new stake in Hudson Technologies during the 4th quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hudson Technologies during the 4th quarter valued at $163,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

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.