Huntsman (NYSE:HUN) Issues Quarterly Earnings Results, Meets Expectations

Huntsman (NYSE:HUN) issued its quarterly earnings results on Monday. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10, Briefing.com reports. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS.

Huntsman Trading Up 0.7 %

Shares of Huntsman stock opened at $20.88 on Thursday. Huntsman has a 12-month low of $19.90 and a 12-month high of $27.01. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of -30.26 and a beta of 1.02. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 0.40. The company has a fifty day simple moving average of $22.72 and a 200-day simple moving average of $23.04.

Huntsman Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 4.79%. Huntsman’s payout ratio is currently -144.93%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HUN. Wells Fargo & Company reduced their price objective on Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group decreased their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada raised their target price on shares of Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Huntsman presently has an average rating of “Hold” and a consensus target price of $25.75.

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.