Hudson Technologies (NASDAQ:HDSN) Releases Quarterly Earnings Results, Beats Expectations 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Zacks reports. The firm had revenue of $65.25 million for the quarter, compared to the consensus estimate of $63.04 million. Hudson Technologies had a net margin of 18.08% and a return on equity of 25.57%. During the same period last year, the firm earned $0.33 earnings per share.

Hudson Technologies Trading Down 7.1 %

Shares of HDSN stock traded down $0.70 during mid-day trading on Thursday, reaching $9.10. The stock had a trading volume of 3,553,316 shares, compared to its average volume of 502,045. Hudson Technologies has a 1-year low of $7.21 and a 1-year high of $15.24. The firm has a market cap of $414.14 million, a price-to-earnings ratio of 8.04, a PEG ratio of 0.34 and a beta of 1.01. The business’s fifty day moving average is $11.70 and its 200-day moving average is $12.55.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Roth Mkm dropped their target price 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 reaffirmed 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. Craig Hallum decreased their price target on shares of Hudson Technologies from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Thursday. B. Riley cut their price objective on shares of Hudson Technologies from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group cut shares of Hudson Technologies from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $10.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $12.40.

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.