Q2 2024 EPS Estimates for Hudson Technologies, Inc. Decreased by Analyst (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – B. Riley lowered their Q2 2024 earnings estimates for shares of Hudson Technologies in a note issued to investors on Thursday, May 2nd. B. Riley analyst J. Nichols now anticipates that the industrial products company will post earnings per share of $0.25 for the quarter, down from their previous estimate of $0.31. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.91 per share. B. Riley also issued estimates for Hudson Technologies’ Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.71 EPS.

Several other research firms have also recently commented on HDSN. Canaccord Genuity Group restated a “hold” rating and issued a $10.00 target price (down previously from $15.00) on shares of Hudson Technologies in a research note on Thursday. Craig Hallum decreased their target price on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday. Roth Mkm cut their price target on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and lowered their target price for the company from $15.00 to $10.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.40.

Hudson Technologies Price Performance

Shares of Hudson Technologies stock opened at $9.13 on Friday. The firm has a market cap of $415.51 million, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.36 and a beta of 1.00. The stock’s 50-day moving average is $11.59 and its 200-day moving average is $12.53. Hudson Technologies has a one year low of $7.21 and a one year high of $15.24.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The business had revenue of $65.25 million for the quarter, compared to analysts’ expectations of $63.04 million. Hudson Technologies had a net margin of 16.70% and a return on equity of 22.00%. During the same period in the previous year, the firm posted $0.33 EPS.

Institutional Investors Weigh In On Hudson Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. RK Capital Management LLC bought a new position in Hudson Technologies in the 3rd quarter valued at about $6,383,000. Sixth Street Partners Management Company L.P. lifted its holdings in shares of Hudson Technologies by 53.1% in the third 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 acquiring an additional 345,000 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter valued at approximately $4,572,000. Allspring Global Investments Holdings LLC increased its position in Hudson Technologies by 83.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 144,682 shares in the last quarter. Finally, Brightline Capital Management LLC bought a new position in Hudson Technologies in the 3rd quarter valued at approximately $1,862,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

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.