Hudson Technologies, Inc. (NASDAQ:HDSN) Expected to Post Q4 2024 Earnings of $0.08 Per Share

Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at Roth Capital decreased their Q4 2024 earnings estimates for shares of Hudson Technologies in a research note issued to investors on Thursday, May 2nd. Roth Capital analyst G. Sweeney now anticipates that the industrial products company will post earnings per share of $0.08 for the quarter, down from their previous forecast of $0.13. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.74 per share.

Hudson Technologies (NASDAQ:HDSN) last issued its earnings results 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 firm had revenue of $65.25 million for 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 in the previous year, the company posted $0.33 earnings per share.

Several other research analysts also recently commented on HDSN. Roth Mkm cut their price objective on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Canaccord Genuity Group reiterated a “hold” rating and set a $10.00 price objective (down from $15.00) on shares of Hudson Technologies in a research note on Thursday, May 2nd. Canaccord Genuity Group downgraded Hudson Technologies from a “buy” rating to a “hold” rating and cut their target price for the stock from $15.00 to $10.00 in a research note on Thursday, May 2nd. Craig Hallum decreased their price target on Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Finally, B. Riley reduced their price objective on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hudson Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.40.

Hudson Technologies Stock Performance

Shares of Hudson Technologies stock opened at $9.37 on Monday. The stock has a market capitalization of $426.43 million, a P/E ratio of 9.56, a P/E/G ratio of 0.41 and a beta of 1.00. Hudson Technologies has a 52-week low of $7.56 and a 52-week high of $15.24. The stock’s 50-day simple moving average is $11.37 and its 200 day simple moving average is $12.45.

Institutional Trading of Hudson Technologies

Several institutional investors and hedge funds have recently made changes to their positions in HDSN. RK Capital Management LLC bought a new stake in Hudson Technologies in the third quarter worth $6,383,000. Sixth Street Partners Management Company L.P. grew its position in Hudson Technologies by 53.1% during the 3rd 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 purchased a new position in Hudson Technologies in the 3rd quarter worth approximately $4,572,000. Allspring Global Investments Holdings LLC lifted its position in Hudson Technologies by 83.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock valued at $4,231,000 after purchasing an additional 144,682 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Hudson Technologies in the fourth quarter worth approximately $1,387,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

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.