Huntsman (NYSE:HUN) Issues Earnings Results

Huntsman (NYSE:HUN) posted its quarterly earnings results on Monday. The basic materials company reported ($0.25) EPS 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion.

Huntsman Stock Performance

HUN traded up $0.26 on Wednesday, reaching $18.06. The company had a trading volume of 350,013 shares, compared to its average volume of 2,793,781. Huntsman has a 1 year low of $15.67 and a 1 year high of $27.01. The stock has a market capitalization of $3.12 billion, a PE ratio of -26.10 and a beta of 0.95. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average price of $17.52 and a 200-day moving average price of $20.19.

Huntsman Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.54%. Huntsman’s dividend payout ratio (DPR) is presently -144.93%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HUN. Royal Bank of Canada reduced their price target on Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a report on Thursday, December 19th. Alembic Global Advisors lowered Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. UBS Group reduced their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company reduced their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Citigroup reduced their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.