Huntsman (NYSE:HUN) Releases Earnings Results, Hits Expectations

Huntsman (NYSE:HUN) issued its quarterly earnings results on Monday. The basic materials company reported $0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.10, Briefing.com reports. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. Huntsman’s revenue for the quarter was up 2.3% compared to the same quarter last year.

Huntsman Price Performance

Shares of HUN opened at $20.74 on Wednesday. The stock has a 50 day simple moving average of $22.74 and a 200 day simple moving average of $23.06. Huntsman has a 52-week low of $19.90 and a 52-week high of $27.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market capitalization of $3.59 billion, a PE ratio of -41.48 and a beta of 1.02.

Huntsman Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%. Huntsman’s dividend payout ratio is currently -200.00%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HUN. JPMorgan Chase & Co. reduced their price target on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. UBS Group lowered their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Wells Fargo & Company cut their target price on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada lifted their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.88.

About Huntsman

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.