Q2 2024 EPS Estimates for Hudson Technologies, Inc. (NASDAQ:HDSN) Reduced by B. Riley

Hudson Technologies, Inc. (NASDAQ:HDSN) – B. Riley dropped their Q2 2024 EPS estimates for shares of Hudson Technologies in a report released on Thursday, May 2nd. B. Riley analyst J. Nichols now forecasts that the industrial products company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.31. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.74 per share. B. Riley also issued estimates for Hudson Technologies’ Q3 2024 earnings at $0.21 EPS, Q4 2024 earnings at $0.05 EPS and FY2024 earnings at $0.71 EPS.

HDSN has been the topic of several other research reports. Roth Mkm reduced their target price on shares of Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday. Canaccord Genuity Group downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $10.00 in a research report on Thursday. Canaccord Genuity Group reissued a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of Hudson Technologies in a research report on Thursday. Finally, Craig Hallum dropped their price target on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.40.

Hudson Technologies Stock Performance

Shares of HDSN opened at $9.13 on Friday. Hudson Technologies has a 1 year low of $7.21 and a 1 year high of $15.24. The stock has a market capitalization of $415.51 million, a PE ratio of 9.32, a PEG ratio of 0.41 and a beta of 1.00. The stock has a 50-day simple moving average of $11.48 and a 200-day simple moving average of $12.49.

Hudson Technologies (NASDAQ:HDSN) last released its earnings results on Wednesday, May 1st. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $65.25 million during the quarter, compared to analyst estimates of $63.04 million. During the same period last year, the business posted $0.33 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Brightline Capital Management LLC acquired a new stake in shares of Hudson Technologies during the third quarter worth $1,862,000. Allspring Global Investments Holdings LLC raised its position in Hudson Technologies by 83.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 318,126 shares of the industrial products company’s stock worth $4,231,000 after buying an additional 144,682 shares during the last quarter. Aigen Investment Management LP purchased a new position in Hudson Technologies during the 3rd quarter worth $172,000. SG Americas Securities LLC acquired a new stake in shares of Hudson Technologies in the 3rd quarter worth $301,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Hudson Technologies by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 355,368 shares of the industrial products company’s stock valued at $4,726,000 after acquiring an additional 7,175 shares in the last quarter. Institutional investors and hedge funds own 71.34% 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.