Zacks: Brokerages Anticipate Hudson Technologies, Inc. (HDSN) to Announce -$0.10 EPS

Analysts expect Hudson Technologies, Inc. (NASDAQ:HDSN) to announce earnings per share (EPS) of ($0.10) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hudson Technologies’ earnings. Hudson Technologies posted earnings per share of ($0.02) during the same quarter last year, which would indicate a negative year over year growth rate of 400%. The firm is expected to report its next quarterly earnings report after the market closes on Wednesday, May 1st.

On average, analysts expect that Hudson Technologies will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.03). For the next fiscal year, analysts forecast that the firm will report earnings of $0.25 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Hudson Technologies.

A number of brokerages have issued reports on HDSN. Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. ValuEngine raised shares of Hudson Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $4.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in HDSN. Bank of New York Mellon Corp boosted its position in Hudson Technologies by 276.7% during the fourth quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 70,646 shares during the last quarter. Thompson Investment Management Inc. boosted its position in Hudson Technologies by 55.0% during the fourth quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 80,000 shares during the last quarter. Weber Alan W acquired a new stake in Hudson Technologies during the fourth quarter worth approximately $273,000. Norges Bank acquired a new stake in Hudson Technologies during the fourth quarter worth approximately $351,000. Finally, United Services Automobile Association boosted its position in 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 acquiring an additional 216,970 shares during the last quarter. Hedge funds and other institutional investors own 64.26% of the company’s stock.

Hudson Technologies stock traded up $0.01 during mid-day trading on Friday, reaching $1.54. The company had a trading volume of 250,621 shares, compared to its average volume of 464,010. Hudson Technologies has a 1 year low of $0.70 and a 1 year high of $4.60. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 1.42. The stock has a market cap of $65.61 million, a PE ratio of -6.70 and a beta of 2.00.

About Hudson Technologies

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 services.

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