Zacks: Analysts Anticipate Hudson Ltd (HUD) Will Post Earnings of $0.17 Per Share

Wall Street analysts expect Hudson Ltd (NYSE:HUD) to announce $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Hudson’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.20. Hudson reported earnings of $0.13 per share in the same quarter last year, which indicates a positive year over year growth rate of 30.8%. The firm is scheduled to report its next quarterly earnings report on Thursday, March 21st.

On average, analysts expect that Hudson will report full-year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.84 to $0.95. For the next fiscal year, analysts forecast that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.97 to $1.02. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Hudson.

Hudson (NYSE:HUD) last released its quarterly earnings data on Monday, November 5th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. Hudson had a negative net margin of 0.33% and a positive return on equity of 13.19%. The business had revenue of $526.60 million during the quarter, compared to analysts’ expectations of $529.50 million. The company’s quarterly revenue was up 6.0% on a year-over-year basis.

A number of equities analysts recently weighed in on HUD shares. Morgan Stanley upped their target price on shares of Hudson from $18.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Monday, August 6th. Zacks Investment Research raised 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, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.00.

Shares of HUD traded up $0.75 during trading hours on Friday, reaching $20.75. The stock had a trading volume of 335,666 shares, compared to its average volume of 385,790. The company has a quick ratio of 1.11, a current ratio of 1.74 and a debt-to-equity ratio of 0.79. Hudson has a 52 week low of $14.23 and a 52 week high of $23.22. The stock has a market cap of $1.85 billion and a P/E ratio of 47.16.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearbridge Investments LLC boosted its stake in Hudson by 7,587.5% in the 3rd quarter. Clearbridge Investments LLC now owns 3,246,572 shares of the company’s stock worth $73,243,000 after purchasing an additional 3,204,340 shares during the period. Vanguard Group Inc. boosted its stake in Hudson by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 147,612 shares of the company’s stock worth $3,330,000 after purchasing an additional 3,447 shares during the period. BW Gestao de Investimentos Ltda. acquired a new position in Hudson in the 3rd quarter worth $485,000. TIAA CREF Investment Management LLC boosted its stake in Hudson by 43.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 526,852 shares of the company’s stock worth $11,886,000 after purchasing an additional 158,695 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Hudson in the 3rd quarter worth $13,102,000. 41.44% of the stock is owned by hedge funds and other institutional investors.

About Hudson

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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