Zacks: Brokerages Anticipate Hudson Ltd (HUD) Will Post Earnings of $0.30 Per Share

Equities research analysts predict that Hudson Ltd (NYSE:HUD) will post earnings of $0.30 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Hudson’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.28. The business is expected to announce its next earnings results before the market opens on Monday, November 5th.

On average, analysts expect that Hudson will report full year earnings of $0.79 per share for the current financial year, with EPS estimates ranging from $0.72 to $0.85. For the next financial year, analysts anticipate that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.89 to $0.90. Zacks’ EPS calculations are an average based on a survey of analysts that follow Hudson.

Hudson (NYSE:HUD) last released its earnings results on Friday, August 3rd. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.05. The company had revenue of $499.40 million during the quarter, compared to the consensus estimate of $499.76 million. During the same quarter in the previous year, the business posted $0.13 EPS. The firm’s quarterly revenue was up 7.4% on a year-over-year basis.

Several equities research analysts recently weighed in on HUD shares. Morgan Stanley increased their target price on shares of Hudson from $18.00 to $19.00 and gave the company an “equal weight” rating in a research note on Monday, August 6th. Zacks Investment Research upgraded shares of Hudson from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $19.50.

Shares of NYSE HUD traded up $0.33 during mid-day trading on Monday, hitting $21.71. The company had a trading volume of 385,013 shares, compared to its average volume of 441,577. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.01 and a current ratio of 1.64. Hudson has a 12 month low of $14.23 and a 12 month high of $23.22. The stock has a market cap of $2.09 billion and a PE ratio of 49.34.

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Investors Inc. PA bought a new position in Hudson during the second quarter worth about $30,667,000. Legal & General Group Plc acquired a new stake in shares of Hudson during the first quarter worth approximately $1,463,000. State of New Jersey Common Pension Fund D increased its holdings in shares of Hudson by 20.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the company’s stock worth $1,049,000 after buying an additional 10,000 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Hudson during the first quarter worth approximately $460,000. Finally, Rhumbline Advisers increased its holdings in shares of Hudson by 8.6% during the second quarter. Rhumbline Advisers now owns 38,287 shares of the company’s stock worth $670,000 after buying an additional 3,037 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Hudson Company Profile

Hudson Ltd. operates as a travel retail company in the United States and Canada. It operates travel essentials and convenience stores, bookstores, duty-free stores, proprietary and branded specialty stores, electronics stores, themed stores, and quick-service food and beverage outlets under proprietary and third-party brands.

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