Hudson Technologies, Inc. (NASDAQ:HDSN) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.03-0.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09. The company issued revenue guidance of ~$25 million, compared to the consensus revenue estimate of $40.96 million.
Hudson Technologies, Inc. (NASDAQ:HDSN) opened at 6.39 on Thursday. The firm has a market cap of $266.06 million, a P/E ratio of 14.96 and a beta of 1.11. Hudson Technologies, Inc. has a 12 month low of $5.55 and a 12 month high of $10.40. The company’s 50-day moving average is $8.47 and its 200 day moving average is $8.06.
Hudson Technologies (NASDAQ:HDSN) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $52.23 million for the quarter, compared to analyst estimates of $46.34 million. Hudson Technologies had a return on equity of 16.99% and a net margin of 12.80%. Equities research analysts expect that Hudson Technologies, Inc. will post $0.40 EPS for the current fiscal year.
A number of analysts have recently commented on HDSN shares. ValuEngine raised Hudson Technologies from a hold rating to a buy rating in a research note on Friday, September 1st. Roth Capital set a $11.00 price target on Hudson Technologies and gave the company a buy rating in a research note on Thursday, August 10th. B. Riley reissued a buy rating and set a $8.50 price target on shares of Hudson Technologies in a research note on Saturday, August 12th. BidaskClub raised Hudson Technologies from a hold rating to a buy rating in a research note on Saturday, July 8th. Finally, Zacks Investment Research raised Hudson Technologies from a sell rating to a hold rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $9.50.
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About Hudson Technologies
Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.
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