Hudson Technologies, Inc. (HDSN) Expected to Announce Quarterly Sales of $34.47 Million

Analysts predict that Hudson Technologies, Inc. (NASDAQ:HDSN) will report $34.47 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Hudson Technologies’ earnings, with estimates ranging from $33.94 million to $35.00 million. Hudson Technologies reported sales of $42.43 million in the same quarter last year, which indicates a negative year over year growth rate of 18.8%. The business is expected to announce its next quarterly earnings results on Wednesday, May 8th.

According to Zacks, analysts expect that Hudson Technologies will report full-year sales of $183.64 million for the current fiscal year, with estimates ranging from $179.79 million to $187.50 million. For the next year, analysts forecast that the company will post sales of $210.35 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hudson Technologies.

HDSN has been the subject of several research reports. ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Zacks Investment Research upgraded shares of Hudson Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 6th. Finally, TheStreet downgraded shares of Hudson Technologies from a “c-” rating to a “d” rating in a research note on Tuesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $4.00.



Several large investors have recently bought and sold shares of the business. Vanguard Group Inc grew its stake in shares of Hudson Technologies by 1.2% in the third quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 18,319 shares in the last quarter. Marathon Capital Management grew its stake in shares of Hudson Technologies by 8.2% during the third quarter. Marathon Capital Management now owns 895,975 shares of the industrial products company’s stock worth $1,146,000 after purchasing an additional 67,900 shares in the last quarter. United Services Automobile Association grew its stake in shares of Hudson Technologies by 39.3% during the third quarter. United Services Automobile Association now owns 769,298 shares of the industrial products company’s stock worth $985,000 after purchasing an additional 216,970 shares in the last quarter. Virginia National Bank acquired a new stake in Hudson Technologies in the third quarter valued at $635,000. Finally, Norges Bank acquired a new stake in Hudson Technologies in the fourth quarter valued at $351,000. Institutional investors and hedge funds own 65.53% of the company’s stock.

Shares of NASDAQ:HDSN traded up $0.03 during trading on Friday, hitting $1.90. The company’s stock had a trading volume of 193,300 shares, compared to its average volume of 259,206. The company has a market cap of $79.24 million, a price-to-earnings ratio of -8.26 and a beta of 1.92. The company has a quick ratio of 0.44, a current ratio of 2.09 and a debt-to-equity ratio of 1.30. Hudson Technologies has a fifty-two week low of $0.70 and a fifty-two week high of $5.54.

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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