Huntsman Co. to Issue Quarterly Dividend of $0.25 (NYSE:HUN)

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Thursday, May 9th, RTT News reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.25 per share by the basic materials company on Friday, June 28th. This represents a $1.00 annualized dividend and a dividend yield of 4.02%.

Huntsman has increased its dividend by an average of 13.5% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Huntsman has a dividend payout ratio of 61.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Huntsman to earn $1.62 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 61.7%.

Huntsman Stock Down 1.1 %

Shares of HUN traded down $0.28 on Thursday, hitting $24.86. 1,382,528 shares of the stock traded hands, compared to its average volume of 1,967,936. The business has a 50 day simple moving average of $25.09 and a 200 day simple moving average of $24.70. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.97. Huntsman has a one year low of $22.14 and a one year high of $29.90. The company has a market capitalization of $4.30 billion, a PE ratio of -47.96 and a beta of 1.14.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Huntsman had a positive return on equity of 0.66% and a negative net margin of 1.49%. Huntsman’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 EPS. As a group, equities analysts forecast that Huntsman will post 0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HUN shares. Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. The Goldman Sachs Group upped their price target on shares of Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, March 5th. Royal Bank of Canada boosted their target price on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, Stifel Nicolaus reduced their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a research note on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.73.

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.