William Blair Weighs in on Hudson Technologies, Inc.’s Q3 2019 Earnings (HDSN)

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Hudson Technologies, Inc. (NASDAQ:HDSN) – Investment analysts at William Blair cut their Q3 2019 earnings estimates for Hudson Technologies in a report issued on Wednesday, May 1st. William Blair analyst R. Merkel now expects that the industrial products company will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.09. William Blair also issued estimates for Hudson Technologies’ FY2020 earnings at $0.15 EPS.

HDSN has been the topic of several other reports. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Hudson Technologies from a “hold” rating to a “buy” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

HDSN stock opened at $1.70 on Friday. The company has a current ratio of 2.05, a quick ratio of 0.36 and a debt-to-equity ratio of 1.42. Hudson Technologies has a 52-week low of $0.70 and a 52-week high of $4.19. The company has a market cap of $57.51 million, a price-to-earnings ratio of -7.39 and a beta of 1.83.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings data on Wednesday, March 6th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Hudson Technologies had a negative return on equity of 10.84% and a negative net margin of 32.16%. The business had revenue of $25.72 million for the quarter, compared to analysts’ expectations of $25.18 million.

Several institutional investors and hedge funds have recently modified their holdings of HDSN. Bank of New York Mellon Corp grew its position in shares of Hudson Technologies by 276.7% in the 4th quarter. Bank of New York Mellon Corp now owns 96,175 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 70,646 shares in the last quarter. Thompson Investment Management Inc. grew its position in shares of Hudson Technologies by 55.0% in the 4th quarter. Thompson Investment Management Inc. now owns 225,325 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 80,000 shares in the last quarter. Weber Alan W acquired a new position in shares of Hudson Technologies in the 4th quarter worth approximately $273,000. Norges Bank acquired a new position in shares of Hudson Technologies in the 4th quarter worth approximately $351,000. Finally, Vanguard Group Inc grew its position in shares of Hudson Technologies by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 1,597,854 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 18,319 shares in the last quarter. Institutional investors own 63.75% of the company’s stock.

Hudson Technologies Company Profile

Hudson Technologies Inc operates as a refrigerant services company in the United States and internationally. It sells reclaimed and virgin refrigerants, and industrial gases; provides refrigerant management services, such as reclamation of refrigerants and laboratory testing, as well as re-usable cylinder refurbishment and hydrostatic testing services.

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