Q3 2024 EPS Estimates for Hudson Technologies, Inc. Lowered by Analyst (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at Roth Capital dropped their Q3 2024 EPS estimates for shares of Hudson Technologies in a research note issued to investors on Wednesday, August 7th. Roth Capital analyst G. Sweeney now expects that the industrial products company will earn $0.17 per share for the quarter, down from their previous estimate of $0.18. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.73 per share. Roth Capital also issued estimates for Hudson Technologies’ Q4 2024 earnings at $0.01 EPS, FY2024 earnings at $0.58 EPS and FY2025 earnings at $0.88 EPS.

Hudson Technologies (NASDAQ:HDSN) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Hudson Technologies had a return on equity of 21.59% and a net margin of 16.70%. The firm had revenue of $75.28 million during the quarter, compared to analysts’ expectations of $78.63 million. During the same period last year, the company earned $0.41 earnings per share.

Several other research firms have also recently issued reports on HDSN. B. Riley cut their target price on Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday. Craig Hallum dropped their target price on shares of Hudson Technologies from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday. Canaccord Genuity Group downgraded shares of 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 report on Thursday, May 2nd. Roth Mkm decreased their price target on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, Canaccord Genuity Group restated a “hold” rating and set a $10.00 price objective (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday, May 2nd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.60.

Hudson Technologies Stock Down 1.4 %

HDSN stock traded down $0.11 during trading on Thursday, reaching $7.85. The company’s stock had a trading volume of 407,424 shares, compared to its average volume of 484,490. The company’s fifty day moving average is $8.72 and its 200-day moving average is $10.57. Hudson Technologies has a 1 year low of $6.94 and a 1 year high of $15.24. The company has a market capitalization of $357.26 million, a P/E ratio of 8.01, a price-to-earnings-growth ratio of 0.38 and a beta of 1.26.

Institutional Trading of Hudson Technologies

Several institutional investors have recently added to or reduced their stakes in HDSN. Quest Partners LLC raised its holdings in shares of Hudson Technologies by 121.5% in the second quarter. Quest Partners LLC now owns 7,905 shares of the industrial products company’s stock worth $69,000 after buying an additional 4,336 shares during the period. Legato Capital Management LLC bought a new position in shares of Hudson Technologies in the second quarter worth about $109,000. Virtu Financial LLC bought a new stake in Hudson Technologies during the 1st quarter valued at about $114,000. Sequoia Financial Advisors LLC grew its stake in Hudson Technologies by 20.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 13,700 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Arizona State Retirement System purchased a new stake in shares of Hudson Technologies in the fourth quarter valued at approximately $154,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, Director Vincent P. Abbatecola sold 10,000 shares of Hudson Technologies stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $9.20, for a total value of $92,000.00. Following the completion of the transaction, the director now owns 159,341 shares in the company, valued at $1,465,937.20. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 8.20% of the company’s stock.

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.