Analysts Expect Hudson Ltd (HUD) to Announce $0.23 EPS

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Brokerages expect Hudson Ltd (NYSE:HUD) to announce $0.23 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Hudson’s earnings. The business is scheduled to issue its next earnings results on Friday, November 2nd.

According to Zacks, analysts expect that Hudson will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.85. For the next fiscal year, analysts forecast that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.89 to $0.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Hudson.

Hudson (NYSE:HUD) last released its quarterly earnings data on Friday, August 3rd. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 EPS.

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

NYSE HUD opened at $21.47 on Tuesday. The stock has a market capitalization of $1.99 billion and a P/E ratio of 48.80. The company has a quick ratio of 1.01, a current ratio of 1.64 and a debt-to-equity ratio of 0.82. Hudson has a 12 month low of $14.23 and a 12 month high of $21.72.

Institutional investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA bought a new stake in shares of Hudson in the first quarter worth about $122,000. Macquarie Group Ltd. acquired a new position in shares of Hudson during the second quarter worth about $154,000. California Public Employees Retirement System acquired a new position in shares of Hudson during the first quarter worth about $159,000. UBS Group AG acquired a new position in shares of Hudson during the first quarter worth about $176,000. Finally, Barclays PLC acquired a new position in shares of Hudson during the first quarter worth about $200,000. Institutional investors own 37.38% 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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