Brokerages Anticipate Hudson Ltd (NYSE:HUD) Will Post Earnings of $0.04 Per Share

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Equities research analysts expect that Hudson Ltd (NYSE:HUD) will report earnings per share of $0.04 for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Hudson’s earnings, with estimates ranging from $0.03 to $0.05. Hudson posted earnings per share of $0.08 during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The business is scheduled to issue its next quarterly earnings report on Thursday, March 12th.

On average, analysts expect that Hudson will report full-year earnings of $0.61 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $0.61. For the next financial year, analysts anticipate that the firm will post earnings of $0.73 per share, with EPS estimates ranging from $0.67 to $0.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Hudson.

Hudson (NYSE:HUD) last posted its quarterly earnings data on Monday, November 4th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Hudson had a return on equity of 8.65% and a net margin of 0.57%. The company had revenue of $523.00 million during the quarter, compared to the consensus estimate of $533.87 million. During the same quarter last year, the firm earned $0.29 EPS. The business’s revenue for the quarter was down .7% on a year-over-year basis.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Hudson from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut shares of Hudson from a “hold” rating to a “sell” rating in a research report on Thursday, November 7th. Finally, Bank of America cut shares of Hudson from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $14.00 to $10.00 in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.25.

HUD stock traded down $0.25 during trading on Monday, hitting $13.66. The company had a trading volume of 144,826 shares, compared to its average volume of 262,741. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 2.15. The firm has a 50-day moving average price of $12.67 and a 200-day moving average price of $12.85. Hudson has a 12 month low of $10.33 and a 12 month high of $21.10. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 7.25 and a beta of 0.94.

Institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new stake in shares of Hudson during the 2nd quarter valued at $900,000. Eagle Asset Management Inc. raised its position in shares of Hudson by 42.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 401,811 shares of the company’s stock valued at $4,930,000 after acquiring an additional 119,085 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Hudson by 1.4% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,947,600 shares of the company’s stock valued at $36,167,000 after acquiring an additional 40,100 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Hudson during the 2nd quarter valued at $120,000. Finally, JPMorgan Chase & Co. raised its position in shares of Hudson by 31.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,473,202 shares of the company’s stock valued at $48,625,000 after acquiring an additional 831,574 shares during the last quarter. Institutional investors own 41.98% of the company’s stock.

About Hudson

Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.

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