Equities research analysts predict that Hydrogenics Co. (NASDAQ:HYGS) (TSE:HYG) will post sales of $16.43 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hydrogenics’ earnings. The lowest sales estimate is $15.30 million and the highest is $17.50 million. Hydrogenics posted sales of $8.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 88.2%. The firm is expected to report its next quarterly earnings report on Wednesday, March 14th.
On average, analysts expect that Hydrogenics will report full year sales of $16.43 million for the current fiscal year, with estimates ranging from $43.80 million to $46.00 million. For the next year, analysts forecast that the business will report sales of $71.07 million per share, with estimates ranging from $69.10 million to $72.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Hydrogenics.
Several brokerages have issued reports on HYGS. Zacks Investment Research upgraded shares of Hydrogenics from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine downgraded shares of Hydrogenics from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Roth Capital set a $11.00 price objective on shares of Hydrogenics and gave the stock a “buy” rating in a research report on Friday, October 27th. Finally, HC Wainwright restated a “buy” rating and set a $10.00 price objective on shares of Hydrogenics in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $10.50.
Shares of Hydrogenics (NASDAQ:HYGS) traded down $0.20 during mid-day trading on Wednesday, reaching $8.30. 43,700 shares of the company’s stock traded hands, compared to its average volume of 72,106. The firm has a market capitalization of $126.43, a P/E ratio of -8.65 and a beta of 0.79. Hydrogenics has a 1 year low of $5.47 and a 1 year high of $11.99.
TRADEMARK VIOLATION NOTICE: “Hydrogenics Co. (HYGS) Expected to Post Quarterly Sales of $16.43 Million” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this article on another site, it was illegally copied and republished in violation of US and international copyright and trademark law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3208457/hydrogenics-co-hygs-expected-to-post-quarterly-sales-of-16-43-million.html.
Hydrogenics Corp is a Canada-based firm, which designs and manufactures hydrogen generation products based on water electrolysis technology, and fuel cell products based on proton exchange membrane (PEM) technology. The Company’s segments are Onsite Generation and Power Systems. The OnSite Generation segment is based in Oevel, Belgium and develops products for industrial gas, hydrogen fueling and renewable energy storage markets.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hydrogenics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hydrogenics and related companies with MarketBeat.com's FREE daily email newsletter.