Huntsman (NYSE:HUN) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Huntsman (NYSE:HUN) issued its quarterly earnings data on Monday. The basic materials company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18), Zacks reports. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.45 billion.

Huntsman Trading Up 2.1 %

Shares of HUN traded up $0.38 during trading hours on Wednesday, hitting $18.18. 537,840 shares of the stock were exchanged, compared to its average volume of 2,802,897. Huntsman has a fifty-two week low of $15.67 and a fifty-two week high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The business has a 50-day moving average of $17.52 and a 200-day moving average of $20.19. The firm has a market capitalization of $3.14 billion, a P/E ratio of -26.29 and a beta of 0.95.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.50%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Citigroup dropped their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Royal Bank of Canada dropped their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company cut their price target on shares of Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Mizuho cut their price target on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.25.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.