Hudson Global (NASDAQ:HSON) Announces Quarterly Earnings Results, Beats Estimates By $0.78 EPS

Hudson Global (NASDAQ:HSONGet Rating) issued its earnings results on Tuesday. The business services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.45 by $0.78, MarketWatch Earnings reports. Hudson Global had a return on equity of 16.96% and a net margin of 1.91%. During the same period in the previous year, the company earned $0.07 earnings per share.

Shares of NASDAQ HSON traded down $1.49 during midday trading on Wednesday, reaching $34.52. 40 shares of the company traded hands, compared to its average volume of 20,109. The stock’s 50-day simple moving average is $35.15 and its 200-day simple moving average is $29.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.50 and a current ratio of 2.50. Hudson Global has a 12 month low of $15.46 and a 12 month high of $42.09. The firm has a market cap of $96.83 million, a PE ratio of 34.30, a PEG ratio of 0.60 and a beta of 0.62.

An institutional investor recently raised its position in Hudson Global stock. Geode Capital Management LLC lifted its holdings in Hudson Global, Inc. (NASDAQ:HSONGet Rating) by 13.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,495 shares of the business services provider’s stock after buying an additional 1,399 shares during the quarter. Geode Capital Management LLC owned about 0.42% of Hudson Global worth $182,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 62.53% of the company’s stock.

Separately, Zacks Investment Research raised Hudson Global from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Friday, May 6th.

Hudson Global Company Profile (Get Rating)

Hudson Global, Inc provides talent solutions for mid-to-large-cap multinational companies and government agencies under the Hudson RPO brand in the Americas, the Asia Pacific, and Europe. It offers recruitment process outsourcing (RPO) services, such as complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients' permanent staff hires; and RPO contracting services, including outsourced professional contract staffing and managed services.

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Earnings History for Hudson Global (NASDAQ:HSON)

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