Hudson Technologies, Inc. (NASDAQ:HDSN) – Research analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for Hudson Technologies in a report released on Thursday, December 6th. William Blair analyst R. Merkel forecasts that the industrial products company will earn ($0.05) per share for the quarter. William Blair also issued estimates for Hudson Technologies’ Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.12 EPS, Q4 2019 earnings at ($0.10) EPS, FY2019 earnings at $0.07 EPS and FY2020 earnings at $0.40 EPS.
A number of other equities analysts also recently issued reports on HDSN. Zacks Investment Research downgraded shares of Hudson Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday. Roth Capital reissued a “buy” rating on shares of Hudson Technologies in a research note on Tuesday, November 13th. 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 company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.50.
Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings data on Wednesday, December 5th. The industrial products company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.18). The firm had revenue of $40.55 million for the quarter, compared to the consensus estimate of $51.53 million. Hudson Technologies had a negative net margin of 30.62% and a negative return on equity of 3.77%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in Hudson Technologies in the first quarter worth approximately $149,000. Alps Advisors Inc. bought a new stake in shares of Hudson Technologies during the 2nd quarter valued at $290,000. Marathon Capital Management raised its position in shares of Hudson Technologies by 6.3% during the 2nd quarter. Marathon Capital Management now owns 828,075 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 49,250 shares during the period. Ingalls & Snyder LLC raised its position in shares of Hudson Technologies by 256.7% during the 3rd quarter. Ingalls & Snyder LLC now owns 79,236 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 57,025 shares during the period. Finally, Thompson Investment Management Inc. raised its position in shares of Hudson Technologies by 123.6% during the 3rd quarter. Thompson Investment Management Inc. now owns 145,325 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 80,325 shares during the period. Institutional investors and hedge funds own 72.13% of the company’s stock.
Hudson Technologies Company Profile
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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