Hudson (HUD) Releases Earnings Results, Beats Expectations By $0.04 EPS

Hudson (NYSE:HUD) issued its earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.04, Bloomberg Earnings reports.

NYSE HUD traded up $0.83 on Tuesday, reaching $15.97. The company had a trading volume of 1,301,038 shares, compared to its average volume of 602,340. The stock has a market cap of $1.38 billion and a PE ratio of 36.68. Hudson has a 1 year low of $14.23 and a 1 year high of $18.38. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 0.91.

HUD has been the subject of a number of research reports. Bank of America initiated coverage on Hudson in a report on Monday, February 26th. They set a “buy” rating and a $19.00 target price for the company. UBS initiated coverage on Hudson in a report on Monday, February 26th. They issued a “buy” rating for the company. Goldman Sachs initiated coverage on Hudson in a report on Monday, February 26th. They issued a “buy” rating and a $19.00 price target for the company. Zacks Investment Research upgraded Hudson from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Tuesday, May 1st. Finally, Morgan Stanley initiated coverage on Hudson in a report on Monday, February 26th. They issued an “equal weight” rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.25.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. American International Group Inc. purchased a new position in Hudson in the 1st quarter worth approximately $405,000. Quantitative Systematic Strategies LLC purchased a new position in Hudson in the 1st quarter worth approximately $513,000. Rhumbline Advisers purchased a new position in Hudson in the 1st quarter worth approximately $561,000. Wells Fargo & Company MN purchased a new position in Hudson in the 1st quarter worth approximately $800,000. Finally, Engineers Gate Manager LP purchased a new position in Hudson in the 1st quarter worth approximately $951,000. Hedge funds and other institutional investors own 1.30% of the company’s stock.

About Hudson

Hudson Ltd. operates as a duty-paid and duty-free travel retail company. 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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