Analysts forecast that Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) will report $12.63 million in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Hydrogenics Corporation’s earnings. The highest sales estimate is $14.10 million and the lowest is $11.80 million. Hydrogenics Corporation posted sales of $6.73 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 87.7%. The business is expected to report its next quarterly earnings report on Monday, November 6th.
According to Zacks, analysts expect that Hydrogenics Corporation will report full year sales of $12.63 million for the current financial year, with estimates ranging from $43.40 million to $47.90 million. For the next year, analysts anticipate that the firm will post sales of $68.57 million per share, with estimates ranging from $65.00 million to $71.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hydrogenics Corporation.
Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) last issued its earnings results on Wednesday, August 2nd. The energy company reported ($0.45) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.30). Hydrogenics Corporation had a negative return on equity of 88.76% and a negative net margin of 39.04%. The business had revenue of $7.49 million for the quarter, compared to analysts’ expectations of $9.90 million.
Several analysts have commented on HYGS shares. Cowen and Company set a $9.00 price target on shares of Hydrogenics Corporation and gave the stock a “hold” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded shares of Hydrogenics Corporation from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, July 17th. Roth Capital set a $11.00 price target on shares of Hydrogenics Corporation and gave the stock a “buy” rating in a research note on Monday, July 31st. ValuEngine cut shares of Hydrogenics Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, HC Wainwright reiterated a “buy” rating and issued a $10.00 price target on shares of Hydrogenics Corporation in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Hydrogenics Corporation presently has a consensus rating of “Hold” and a consensus target price of $10.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Stratos Wealth Partners LTD. raised its position in shares of Hydrogenics Corporation by 9.7% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 11,350 shares of the energy company’s stock valued at $115,000 after buying an additional 1,000 shares in the last quarter. KBC Group NV raised its position in Hydrogenics Corporation by 7.3% in the 1st quarter. KBC Group NV now owns 43,703 shares of the energy company’s stock worth $293,000 after purchasing an additional 2,969 shares during the period. GAM Holding AG raised its position in Hydrogenics Corporation by 8.9% in the 2nd quarter. GAM Holding AG now owns 106,500 shares of the energy company’s stock worth $1,076,000 after purchasing an additional 8,663 shares during the period. Wells Fargo & Company MN raised its position in Hydrogenics Corporation by 639.5% in the 2nd quarter. Wells Fargo & Company MN now owns 15,462 shares of the energy company’s stock worth $157,000 after purchasing an additional 13,371 shares during the period. Finally, PEAK6 Investments L.P. purchased a new stake in Hydrogenics Corporation in the 1st quarter worth about $111,000. Hedge funds and other institutional investors own 19.16% of the company’s stock.
Shares of Hydrogenics Corporation (NASDAQ HYGS) traded up 1.11% on Wednesday, hitting $9.10. 53,844 shares of the company traded hands. Hydrogenics Corporation has a 12 month low of $3.90 and a 12 month high of $11.25. The stock’s 50-day moving average price is $8.70 and its 200-day moving average price is $8.23. The company’s market capitalization is $138.61 million.
About Hydrogenics Corporation
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
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