Q2 2024 EPS Estimates for Hudson Technologies, Inc. (NASDAQ:HDSN) Reduced by B. Riley

Hudson Technologies, Inc. (NASDAQ:HDSN) – B. Riley cut their Q2 2024 earnings estimates for shares of Hudson Technologies in a research note issued on Thursday, May 2nd. B. Riley analyst J. Nichols now expects that the industrial products company will post earnings of $0.25 per share for the quarter, down from their previous forecast of $0.31. B. Riley currently has a “Buy” rating and a $16.00 target price 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.

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

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

Hudson Technologies Stock Performance

NASDAQ:HDSN opened at $9.13 on Friday. The stock has a 50 day moving average price of $11.59 and a 200 day moving average price of $12.53. The stock has a market cap of $415.51 million, a PE ratio of 9.29, a P/E/G ratio of 0.36 and a beta of 1.00. Hudson Technologies has a one year low of $7.21 and a one year high of $15.24.

Institutional Trading of Hudson Technologies

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of Hudson Technologies by 417.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,954 shares of the industrial products company’s stock valued at $94,000 after acquiring an additional 5,610 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Hudson Technologies during the 1st quarter worth approximately $126,000. Arizona State Retirement System acquired a new stake in Hudson Technologies during the 4th quarter worth $154,000. Paradice Investment Management LLC acquired a new position in Hudson Technologies in the fourth quarter valued at $154,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Hudson Technologies during the fourth quarter worth about $163,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

About Hudson Technologies

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.