Hudson Technologies, Inc. (NASDAQ:HDSN) – Research analysts at Craig Hallum cut their FY2018 EPS estimates for Hudson Technologies in a note issued to investors on Wednesday. Craig Hallum analyst S. Dyer now forecasts that the industrial products company will post earnings of $0.41 per share for the year, down from their prior forecast of $0.48.
Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.06. Hudson Technologies had a net margin of 16.32% and a return on equity of 27.95%. The firm had revenue of $52.23 million for the quarter, compared to the consensus estimate of $46.34 million. TRADEMARK VIOLATION WARNING: This piece was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/22/hudson-technologies-inc-forecasted-to-earn-fy2018-earnings-of-0-41-per-share-hdsn.html.
Other equities research analysts also recently issued research reports about the stock. Roth Capital set a $10.00 price target on shares of Hudson Technologies and gave the stock a “buy” rating in a research note on Saturday, June 17th. B. Riley downgraded shares of Hudson Technologies to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. BidaskClub downgraded shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Hudson Technologies presently has an average rating of “Hold” and a consensus price target of $9.50.
Institutional investors and hedge funds have recently bought and sold shares of the business. Gradient Investments LLC bought a new position in shares of Hudson Technologies during the second quarter valued at $314,000. Systematic Financial Management LP lifted its holdings in shares of Hudson Technologies by 42.2% during the second quarter. Systematic Financial Management LP now owns 1,270,735 shares of the industrial products company’s stock valued at $10,738,000 after acquiring an additional 376,940 shares during the period. AXA bought a new position in shares of Hudson Technologies during the first quarter valued at $106,000. Parthenon LLC bought a new position in shares of Hudson Technologies during the second quarter valued at $237,000. Finally, Cooper Creek Partners Management LLC lifted its holdings in shares of Hudson Technologies by 3.9% during the second quarter. Cooper Creek Partners Management LLC now owns 1,506,291 shares of the industrial products company’s stock valued at $12,728,000 after acquiring an additional 56,500 shares during the period. Hedge funds and other institutional investors own 75.66% of the company’s stock.
About Hudson Technologies
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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