Hudson Technologies (NASDAQ:HDSN) Issues Earnings Results, Beats Estimates By $0.01 EPS

by · The Cerbat Gem

Hudson Technologies (NASDAQ:HDSN – Get Free Report) issued its quarterly earnings data on Monday. The industrial products company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Zacks reports. The business had revenue of $61.94 million for the quarter, compared to analysts’ expectations of $64.92 million. Hudson Technologies had a net margin of 12.49% and a return on equity of 12.94%. During the same period in the previous year, the business earned $0.34 earnings per share.

Hudson Technologies Stock Up 0.2 %

Hudson Technologies stock traded up $0.01 during mid-day trading on Thursday, hitting $5.89. 408,714 shares of the company were exchanged, compared to its average volume of 476,242. Hudson Technologies has a 1-year low of $5.35 and a 1-year high of $15.24. The company has a market capitalization of $268.11 million, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.43 and a beta of 1.22. The business has a fifty day moving average of $7.89 and a 200 day moving average of $8.56.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. B. Riley reissued a “neutral” rating and issued a $7.25 price target (down from $8.50) on shares of Hudson Technologies in a report on Tuesday. Canaccord Genuity Group reduced their price objective on Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. Craig Hallum lowered Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price target for the company from $10.00 to $7.00 in a research report on Tuesday. Roth Mkm downgraded Hudson Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $12.00 to $7.00 in a report on Tuesday. Finally, Roth Capital lowered Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hudson Technologies currently has an average rating of “Hold” and a consensus price target of $7.85.

View Our Latest Analysis on HDSN

Hudson Technologies Company Profile

(Get Free Report)

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.

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