Hudson Technologies, Inc. (NASDAQ:HDSN) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.03-0.05 for the period, compared to the Thomson Reuters consensus estimate of $0.09. The company issued revenue guidance of ~$25 million, compared to the consensus revenue estimate of $40.96 million.
A number of research analysts recently issued reports on HDSN shares. Roth Capital set a $11.00 price objective on shares of Hudson Technologies and gave the stock a buy rating in a research report on Thursday, October 5th. ValuEngine downgraded shares of Hudson Technologies from a buy rating to a hold rating in a research report on Monday, October 2nd. B. Riley downgraded shares of Hudson Technologies to a neutral rating and set a $10.00 price objective for the company. in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Hudson Technologies from a sell rating to a hold rating in a research report on Friday, August 11th. Finally, BidaskClub downgraded shares of Hudson Technologies from a hold rating to a sell rating in a research report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $10.50.
Shares of Hudson Technologies, Inc. (NASDAQ HDSN) traded down 0.79% during midday trading on Tuesday, reaching $7.57. 423,573 shares of the company were exchanged. Hudson Technologies, Inc. has a 52-week low of $5.55 and a 52-week high of $10.40. The firm’s 50 day moving average is $8.53 and its 200-day moving average is $8.07. The company has a market capitalization of $315.19 million, a PE ratio of 17.73 and a beta of 1.11.
Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. On average, equities analysts forecast that Hudson Technologies, Inc. will post $0.40 earnings per share for the current fiscal year.
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Hudson Technologies Company Profile
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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