Huntsman (NYSE:HUN) Releases Quarterly Earnings Results, Hits Estimates

Huntsman (NYSE:HUN) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06), RTT News reports. Huntsman had a positive return on equity of 0.66% and a negative net margin of 1.49%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $0.20 EPS. Huntsman’s quarterly revenue was down 8.5% on a year-over-year basis.

Huntsman Trading Up 0.8 %

Shares of HUN stock opened at $24.52 on Friday. Huntsman has a 12-month low of $22.14 and a 12-month high of $29.90. The firm has a fifty day moving average of $25.12 and a 200-day moving average of $24.66. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23.

Huntsman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.25 per share. This is an increase from Huntsman’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, March 14th. Huntsman’s dividend payout ratio (DPR) is -192.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HUN shares. Wells Fargo & Company raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. Royal Bank of Canada raised their price objective on shares of Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Stifel Nicolaus decreased their price target on Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Wednesday, January 24th. Finally, The Goldman Sachs Group raised their price target on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $26.55.

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.