B. Riley Lowers Earnings Estimates for Hudson Technologies

Hudson Technologies, Inc. (NASDAQ:HDSN) – Analysts at B. Riley reduced their FY2024 EPS estimates for Hudson Technologies in a research note issued to investors on Tuesday, November 5th. B. Riley analyst J. Nichols now anticipates that the industrial products company will post earnings per share of $0.57 for the year, down from their previous forecast of $0.59. B. Riley currently has a “Neutral” rating and a $7.25 price target on the stock. The consensus estimate for Hudson Technologies’ current full-year earnings is $0.58 per share. B. Riley also issued estimates for Hudson Technologies’ Q4 2024 earnings at $0.00 EPS.

Hudson Technologies (NASDAQ:HDSN) last posted its earnings results on Monday, November 4th. The industrial products company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. The business had revenue of $61.94 million during the quarter, compared to analyst estimates of $64.92 million. Hudson Technologies had a return on equity of 16.65% and a net margin of 14.00%. During the same quarter last year, the company earned $0.34 EPS.

A number of other brokerages have also commented on HDSN. Craig Hallum lowered shares of Hudson Technologies from a “buy” rating to a “hold” rating and reduced their price target for the stock from $10.00 to $7.00 in a research note on Tuesday. Canaccord Genuity Group decreased their target price on shares of Hudson Technologies from $8.75 to $8.00 and set a “hold” rating for the company in a research note on Tuesday. Roth Capital downgraded Hudson Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Finally, Roth Mkm cut Hudson Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $12.00 to $7.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.85.

Hudson Technologies Stock Performance

Shares of NASDAQ:HDSN opened at $5.92 on Wednesday. The firm has a market cap of $269.48 million, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 0.42 and a beta of 1.22. The business has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $8.58. Hudson Technologies has a fifty-two week low of $5.67 and a fifty-two week high of $15.24.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new position in Hudson Technologies during the first quarter valued at approximately $126,000. BNP Paribas Financial Markets boosted its holdings in Hudson Technologies by 37.3% in the 1st quarter. BNP Paribas Financial Markets now owns 21,704 shares of the industrial products company’s stock worth $239,000 after buying an additional 5,894 shares during the period. Janney Montgomery Scott LLC increased its stake in Hudson Technologies by 22.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 74,836 shares of the industrial products company’s stock worth $824,000 after buying an additional 13,732 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Hudson Technologies during the first quarter valued at about $819,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Hudson Technologies by 240,800.0% in the first quarter. Russell Investments Group Ltd. now owns 57,816 shares of the industrial products company’s stock valued at $637,000 after acquiring an additional 57,792 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Hudson Technologies Company Profile

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.