Roth Capital Analysts Lower Earnings Estimates for Hudson Technologies, Inc. (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at Roth Capital reduced their Q1 2024 earnings estimates for Hudson Technologies in a research report issued to clients and investors on Tuesday, April 30th. Roth Capital analyst G. Sweeney now expects that the industrial products company will post earnings per share of $0.18 for the quarter, down from their prior estimate of $0.20. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.98 per share. Roth Capital also issued estimates for Hudson Technologies’ Q2 2024 earnings at $0.33 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.13 EPS, FY2024 earnings at $0.95 EPS and FY2025 earnings at $1.18 EPS.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. The company had revenue of $65.25 million for the quarter, compared to analysts’ expectations of $63.04 million. During the same quarter last year, the business earned $0.33 EPS.

A number of other equities research analysts have also recently commented on the stock. Roth Mkm decreased their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday. Craig Hallum reduced their price objective on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. Canaccord Genuity Group cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $15.00 to $10.00 in a research report on Thursday. Canaccord Genuity Group restated a “hold” rating and issued a $10.00 price target (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday. Finally, B. Riley reduced their price target on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.40.

Hudson Technologies Trading Down 7.1 %

NASDAQ HDSN opened at $9.10 on Thursday. Hudson Technologies has a 12 month low of $7.21 and a 12 month high of $15.24. The stock has a market cap of $414.14 million, a price-to-earnings ratio of 8.04, a PEG ratio of 0.34 and a beta of 1.01. The company’s 50 day moving average is $11.70 and its two-hundred day moving average is $12.55.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently added to or reduced their stakes in HDSN. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,574,769 shares of the industrial products company’s stock valued at $21,243,000 after acquiring an additional 30,217 shares in the last quarter. Sixth Street Partners Management Company L.P. boosted its position in Hudson Technologies by 53.1% in the 3rd quarter. Sixth Street Partners Management Company L.P. now owns 995,000 shares of the industrial products company’s stock worth $13,234,000 after purchasing an additional 345,000 shares in the last quarter. RK Capital Management LLC boosted its position in Hudson Technologies by 3.8% in the 4th quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company’s stock worth $6,722,000 after purchasing an additional 18,400 shares in the last quarter. Soviero Asset Management LP boosted its position in Hudson Technologies by 4.1% in the 4th quarter. Soviero Asset Management LP now owns 380,000 shares of the industrial products company’s stock worth $5,126,000 after purchasing an additional 14,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Hudson Technologies by 39.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock valued at $3,919,000 after acquiring an additional 100,613 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Hudson Technologies Company Profile

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.