$11.65 Million in Sales Expected for Hydrogenics Co. (NASDAQ:HYGS) This Quarter

Analysts expect that Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) will announce sales of $11.65 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Hydrogenics’ earnings. The lowest sales estimate is $10.00 million and the highest is $13.30 million. Hydrogenics reported sales of $7.67 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 51.9%. The firm is expected to report its next quarterly earnings results on Friday, November 1st.

According to Zacks, analysts expect that Hydrogenics will report full year sales of $44.75 million for the current year, with estimates ranging from $39.50 million to $50.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $90.20 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hydrogenics.

Hydrogenics (NASDAQ:HYGS) (TSE:HYG) last announced its earnings results on Monday, August 12th. The energy company reported ($0.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.13). The company had revenue of $10.46 million during the quarter, compared to the consensus estimate of $10.50 million. Hydrogenics had a negative return on equity of 78.06% and a negative net margin of 38.16%.

A number of research firms recently weighed in on HYGS. Roth Capital boosted their price target on shares of Hydrogenics from $8.50 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. HC Wainwright downgraded shares of Hydrogenics from a “buy” rating to a “neutral” rating in a research note on Friday, June 28th. Craig Hallum downgraded shares of Hydrogenics from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. ValuEngine raised shares of Hydrogenics from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 30th. Finally, Canaccord Genuity downgraded shares of Hydrogenics from a “buy” rating to a “hold” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a strong buy rating to the company’s stock. Hydrogenics presently has an average rating of “Hold” and a consensus price target of $10.92.

A number of large investors have recently modified their holdings of the business. NJ State Employees Deferred Compensation Plan increased its stake in Hydrogenics by 11.1% in the first quarter. NJ State Employees Deferred Compensation Plan now owns 40,000 shares of the energy company’s stock valued at $317,000 after purchasing an additional 4,000 shares in the last quarter. Morgan Stanley increased its stake in Hydrogenics by 31.5% in the second quarter. Morgan Stanley now owns 40,412 shares of the energy company’s stock valued at $600,000 after purchasing an additional 9,677 shares in the last quarter. Ancora Advisors LLC bought a new stake in Hydrogenics in the second quarter valued at approximately $297,000. Gamco Investors INC. ET AL bought a new stake in Hydrogenics in the second quarter valued at approximately $309,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Hydrogenics in the second quarter valued at approximately $325,000. 11.09% of the stock is owned by hedge funds and other institutional investors.

Shares of HYGS traded up $0.02 on Thursday, reaching $14.96. 224,500 shares of the company’s stock were exchanged, compared to its average volume of 140,881. The stock has a market capitalization of $284.13 million, a P/E ratio of -17.40 and a beta of 0.63. The business has a 50 day moving average price of $14.92 and a two-hundred day moving average price of $10.43. Hydrogenics has a 12 month low of $3.80 and a 12 month high of $16.50.

Hydrogenics Company Profile

Hydrogenics Corporation, together with its subsidiaries, designs, develops, and manufactures hydrogen generation products based on water electrolysis technology; and fuel cell products based on proton exchange membrane (PEM) technology. It operates through two segments, OnSite Generation and Power Systems.

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