Analysts Offer Predictions for Hudson Technologies, Inc.’s Q3 2024 Earnings (NASDAQ:HDSN)

Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at Roth Capital lowered their Q3 2024 earnings per share estimates for shares of Hudson Technologies in a research report issued to clients and investors on Wednesday, August 7th. Roth Capital analyst G. Sweeney now forecasts that the industrial products company will post earnings per share of $0.17 for the quarter, down from their prior forecast 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.

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

Hudson Technologies Stock Performance

Hudson Technologies stock traded down $0.11 during midday trading on Thursday, hitting $7.85. 407,424 shares of the company’s stock were exchanged, compared to its average volume of 484,490. The stock has a market cap of $357.26 million, a price-to-earnings ratio of 8.01, a price-to-earnings-growth ratio of 0.38 and a beta of 1.26. Hudson Technologies has a 12-month low of $6.94 and a 12-month high of $15.24. The firm’s 50 day simple moving average is $8.72 and its 200 day simple moving average is $10.57.

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

Institutional Investors Weigh In On Hudson Technologies

A number of institutional investors and hedge funds have recently modified their holdings of HDSN. New South Capital Management Inc. acquired a new stake in Hudson Technologies in the 2nd quarter valued at about $11,564,000. Lazard Asset Management LLC purchased a new position in shares of Hudson Technologies during the 1st quarter worth approximately $4,549,000. Dimensional Fund Advisors LP raised its position in shares of Hudson Technologies by 22.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,019,067 shares of the industrial products company’s stock worth $17,747,000 after purchasing an additional 364,117 shares during the last quarter. Foundry Partners LLC lifted its stake in Hudson Technologies by 81.0% in the 1st quarter. Foundry Partners LLC now owns 676,098 shares of the industrial products company’s stock valued at $7,444,000 after buying an additional 302,529 shares in the last quarter. Finally, Swedbank AB acquired a new stake in Hudson Technologies during the 1st quarter valued at $1,652,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Hudson Technologies

In other news, Director Vincent P. Abbatecola sold 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $9.20, for a total transaction of $92,000.00. Following the transaction, the director now directly owns 159,341 shares of the company’s stock, valued at approximately $1,465,937.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.20% of the stock is owned by corporate insiders.

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.