Equities analysts expect Hydrogenics Corporation (NASDAQ:HYGS) (TSE:HYG) to report ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hydrogenics Corporation’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.10). Hydrogenics Corporation reported earnings per share of ($0.20) during the same quarter last year, which indicates a positive year-over-year growth rate of 80%. The business is scheduled to report its next quarterly earnings report on Wednesday, March 14th.
According to Zacks, analysts expect that Hydrogenics Corporation will report full-year earnings of ($0.78) per share for the current financial year, with EPS estimates ranging from ($0.87) to ($0.73). For the next fiscal year, analysts forecast that the business will report earnings of ($0.08) per share, with EPS estimates ranging from ($0.18) to $0.11. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Hydrogenics Corporation.
Several equities analysts recently weighed in on HYGS shares. Zacks Investment Research cut Hydrogenics Corporation from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 4th. Roth Capital set a $11.00 price objective on Hydrogenics Corporation and gave the stock a “buy” rating in a research report on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $9.00 price target on shares of Hydrogenics Corporation in a report on Tuesday, October 17th. ValuEngine cut Hydrogenics Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 22nd. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price target on shares of Hydrogenics Corporation in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $10.00.
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Institutional investors have recently bought and sold shares of the business. TSP Capital Management Group LLC raised its holdings in Hydrogenics Corporation by 7.1% in the 2nd quarter. TSP Capital Management Group LLC now owns 993,958 shares of the energy company’s stock valued at $10,039,000 after acquiring an additional 65,852 shares in the last quarter. Manatuck Hill Partners LLC acquired a new position in Hydrogenics Corporation in the 2nd quarter valued at approximately $3,030,000. Delta Lloyd Asset Management N.V. acquired a new position in Hydrogenics Corporation in the 2nd quarter valued at approximately $1,515,000. Virtu KCG Holdings LLC acquired a new position in Hydrogenics Corporation in the 2nd quarter valued at approximately $401,000. Finally, Parametric Portfolio Associates LLC acquired a new position in Hydrogenics Corporation in the 1st quarter valued at approximately $655,000. 19.38% of the stock is owned by hedge funds and other institutional investors.
Hydrogenics Corporation Company Profile
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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