Roth Capital Comments on Hudson Technologies, Inc.’s Q2 2024 Earnings (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Research analysts at Roth Capital lowered their Q2 2024 earnings per share (EPS) estimates for Hudson Technologies in a research note issued to investors on Thursday, May 2nd. Roth Capital analyst G. Sweeney now expects that the industrial products company will earn $0.26 per share for the quarter, down from their prior forecast of $0.33. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.91 per share. Roth Capital also issued estimates for Hudson Technologies’ Q3 2024 earnings at $0.23 EPS, FY2024 earnings at $0.77 EPS and FY2025 earnings at $1.03 EPS.

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

HDSN has been the topic of several other reports. B. Riley reduced their price target on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 7th. Roth Mkm reduced their price objective on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Craig Hallum reduced their price objective on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $10.00 in a report on Thursday. Finally, Canaccord Genuity Group restated a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Hudson Technologies in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $12.40.

Hudson Technologies Stock Performance

Shares of NASDAQ HDSN opened at $9.13 on Friday. The business’s 50 day moving average price is $11.59 and its 200-day moving average price is $12.53. Hudson Technologies has a fifty-two week low of $7.21 and a fifty-two week high of $15.24. The company has a market cap of $415.51 million, a price-to-earnings ratio of 9.29, a PEG ratio of 0.36 and a beta of 1.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Hudson Technologies by 2.0% in the 4th 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 during the period. Sixth Street Partners Management Company L.P. raised its stake in 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 valued at $13,234,000 after buying an additional 345,000 shares during the last quarter. RK Capital Management LLC boosted its holdings in Hudson Technologies by 3.8% in the fourth quarter. RK Capital Management LLC now owns 498,300 shares of the industrial products company’s stock worth $6,722,000 after acquiring an additional 18,400 shares in the last quarter. Soviero Asset Management LP grew its stake in shares of Hudson Technologies by 4.1% during the fourth quarter. Soviero Asset Management LP now owns 380,000 shares of the industrial products company’s stock worth $5,126,000 after acquiring an additional 14,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Hudson Technologies by 39.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 355,918 shares of the industrial products company’s stock worth $3,919,000 after acquiring an additional 100,613 shares during the last quarter. 71.34% of the stock is currently 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.