Brokerages forecast that Hudson Technologies, Inc. (NASDAQ:HDSN) will announce sales of $74.51 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Hudson Technologies’ earnings. The highest sales estimate is $76.68 million and the lowest is $70.34 million. Hudson Technologies posted sales of $52.23 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 8th.

According to Zacks, analysts expect that Hudson Technologies will report full-year sales of $229.23 million for the current financial year, with estimates ranging from $228.00 million to $230.00 million. For the next year, analysts expect that the firm will report sales of $257.52 million per share, with estimates ranging from $250.00 million to $262.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Hudson Technologies.

Hudson Technologies (NASDAQ:HDSN) last issued its quarterly earnings results on Wednesday, May 9th. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The firm had revenue of $42.43 million during the quarter, compared to analyst estimates of $45.88 million. Hudson Technologies had a return on equity of 6.51% and a net margin of 1.64%.

Several analysts have recently weighed in on HDSN shares. Zacks Investment Research lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. BidaskClub upgraded shares of Hudson Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday, February 22nd. B. Riley lowered their price objective on shares of Hudson Technologies from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Tuesday, March 6th. ValuEngine lowered shares of Hudson Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Roth Capital set a $9.00 price objective on shares of Hudson Technologies and gave the company a “buy” rating in a research note on Thursday, March 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Hudson Technologies has a consensus rating of “Hold” and an average price target of $6.50.

Shares of NASDAQ:HDSN traded up $0.02 during mid-day trading on Monday, hitting $2.38. The company had a trading volume of 857,300 shares, compared to its average volume of 527,075. The firm has a market capitalization of $95.41 million, a P/E ratio of 5.06, a P/E/G ratio of 1.04 and a beta of 1.13. The company has a quick ratio of 0.41, a current ratio of 2.09 and a debt-to-equity ratio of 0.84. Hudson Technologies has a one year low of $2.05 and a one year high of $10.40.

In other news, CEO Kevin J. Zugibe bought 5,000 shares of Hudson Technologies stock in a transaction dated Thursday, March 15th. The stock was purchased at an average price of $5.51 per share, for a total transaction of $27,550.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Parrillo bought 25,000 shares of Hudson Technologies stock in a transaction dated Wednesday, May 30th. The stock was purchased at an average price of $2.27 per share, with a total value of $56,750.00. The disclosure for this purchase can be found here. Insiders bought a total of 58,000 shares of company stock valued at $154,670 in the last quarter. 18.90% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of HDSN. Stone Ridge Asset Management LLC purchased a new position in shares of Hudson Technologies in the 4th quarter worth about $127,000. Two Sigma Advisers LP purchased a new stake in Hudson Technologies during the fourth quarter valued at about $136,000. Millennium Management LLC purchased a new stake in Hudson Technologies during the first quarter valued at about $149,000. Suntrust Banks Inc. purchased a new stake in Hudson Technologies during the fourth quarter valued at about $182,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Hudson Technologies by 194.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 41,821 shares of the industrial products company’s stock valued at $254,000 after purchasing an additional 27,639 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

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.

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Earnings History and Estimates for Hudson Technologies (NASDAQ:HDSN)

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