Hudson Technologies (NASDAQ:HDSN) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Hudson Technologies (NASDAQ:HDSN) released its quarterly earnings data on Wednesday. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Zacks reports. Hudson Technologies had a return on equity of 25.57% and a net margin of 18.08%. The company had revenue of $65.25 million for the quarter, compared to the consensus estimate of $63.04 million. During the same period in the previous year, the business earned $0.33 earnings per share.

Hudson Technologies Stock Performance

NASDAQ HDSN traded down $0.70 during trading hours on Thursday, hitting $9.10. 3,553,316 shares of the company traded hands, compared to its average volume of 502,045. The stock has a market capitalization of $414.14 million, a price-to-earnings ratio of 8.04, a P/E/G ratio of 0.34 and a beta of 1.01. The business’s 50-day moving average is $11.70 and its 200-day moving average is $12.55. Hudson Technologies has a twelve month low of $7.21 and a twelve month high of $15.24.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Craig Hallum lowered 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. Roth Mkm reduced their price target on Hudson Technologies from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity Group lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $15.00 to $10.00 in a research note on Thursday. B. Riley decreased their price objective on Hudson Technologies from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $10.00 target price (down previously from $15.00) on shares of Hudson Technologies in a report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $12.40.

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.