Wall Street analysts expect that Hudson Technologies, Inc. (NASDAQ:HDSN) will post sales of $41.40 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hudson Technologies’ earnings, with estimates ranging from $39.00 million to $45.41 million. Hudson Technologies reported sales of $34.93 million in the same quarter last year, which indicates a positive year over year growth rate of 18.5%. The business is expected to report its next earnings results on Wednesday, November 1st.

On average, analysts expect that Hudson Technologies will report full-year sales of $41.40 million for the current year, with estimates ranging from $141.80 million to $146.97 million. For the next financial year, analysts anticipate that the business will report sales of $177.72 million per share, with estimates ranging from $170.50 million to $187.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hudson Technologies.

Hudson Technologies (NASDAQ:HDSN) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $52.23 million for the quarter, compared to analyst estimates of $46.34 million. Hudson Technologies had a net margin of 12.80% and a return on equity of 16.99%.

A number of research analysts recently issued reports on HDSN shares. Zacks Investment Research downgraded shares of Hudson Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. B. Riley reiterated a “buy” rating and set a $8.50 target price on shares of Hudson Technologies in a research report on Thursday, May 4th. ValuEngine upgraded shares of Hudson Technologies from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet upgraded shares of Hudson Technologies from a “c+” rating to a “b” rating in a research report on Wednesday, May 31st. Finally, Roth Capital set a $10.00 target price on shares of Hudson Technologies and gave the company a “buy” rating in a research report on Saturday, June 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.50.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DnB Asset Management AS bought a new position in Hudson Technologies during the first quarter worth about $300,000. Mesirow Financial Investment Management Equity Management raised its stake in shares of Hudson Technologies by 33.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 56,575 shares of the industrial products company’s stock worth $373,000 after buying an additional 14,100 shares during the period. Essex Investment Management Co. LLC raised its stake in shares of Hudson Technologies by 8.4% in the first quarter. Essex Investment Management Co. LLC now owns 388,647 shares of the industrial products company’s stock worth $2,565,000 after buying an additional 30,248 shares during the period. Investment Management of Virginia LLC acquired a new stake in shares of Hudson Technologies during the first quarter worth approximately $911,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Hudson Technologies by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 126,752 shares of the industrial products company’s stock worth $837,000 after buying an additional 12,143 shares during the period. Institutional investors own 78.15% of the company’s stock.

Hudson Technologies (HDSN) traded up 0.94% on Friday, reaching $8.63. 331,046 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $8.57 and its 200 day moving average price is $7.76. Hudson Technologies has a 52-week low of $5.55 and a 52-week high of $10.40. The firm has a market capitalization of $359.33 million, a PE ratio of 20.21 and a beta of 1.12.

Hudson Technologies Company Profile

Hudson Technologies, Inc is a refrigerant services company. The Company’s products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer’s site, consisting of system decontamination to remove moisture, oils and other contaminants.

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

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