Roth Capital Weighs in on Hudson Technologies, Inc.’s Q1 2024 Earnings (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Equities research analysts at Roth Capital reduced their Q1 2024 earnings estimates for shares of Hudson Technologies in a research report issued on Tuesday, April 30th. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.20. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.91 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 posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Hudson Technologies had a return on equity of 22.00% and a net margin of 16.70%. The company had revenue of $65.25 million during the quarter, compared to the consensus estimate of $63.04 million. During the same period last year, the business earned $0.33 EPS.

HDSN has been the subject of a number of other reports. Canaccord Genuity Group cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $15.00 to $10.00 in a report on Thursday. Craig Hallum reduced their target price on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a report on Thursday. Roth Mkm lowered their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. B. Riley decreased their price objective on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $10.00 price target (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 data from MarketBeat.com, Hudson Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $12.40.

Hudson Technologies Stock Up 0.3 %

NASDAQ HDSN opened at $9.13 on Thursday. The company has a 50 day moving average price of $11.59 and a two-hundred day moving average price of $12.53. Hudson Technologies has a 12-month low of $7.21 and a 12-month high of $15.24. The stock has a market capitalization of $415.51 million, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.36 and a beta of 1.00.

Institutional Trading of Hudson Technologies

A number of hedge funds have recently bought and sold shares of HDSN. SG Americas Securities LLC bought a new stake in shares of Hudson Technologies in the 3rd quarter worth approximately $301,000. Bank of New York Mellon Corp boosted its stake in Hudson Technologies by 2.1% during the third quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock worth $4,726,000 after buying an additional 7,175 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Hudson Technologies by 83.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock valued at $4,231,000 after buying an additional 144,682 shares during the period. Brightline Capital Management LLC acquired a new position in shares of Hudson Technologies in the 3rd quarter valued at $1,862,000. Finally, Jump Financial LLC bought a new position in shares of Hudson Technologies during the 3rd quarter worth about $262,000. 71.34% of the stock is owned by 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.