Huntsman Co. (HUN) To Go Ex-Dividend on March 14th

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.25 per share by the basic materials company on Monday, March 31st. This represents a $1.00 annualized dividend and a yield of 5.54%. The ex-dividend date of this dividend is Friday, March 14th.

Huntsman has increased its dividend payment by an average of 11.3% per year over the last three years. Huntsman has a payout ratio of 85.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Huntsman to earn $1.03 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 97.1%.

Huntsman Stock Performance

Huntsman stock opened at $18.06 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The business’s 50-day simple moving average is $17.45 and its two-hundred day simple moving average is $20.14. Huntsman has a fifty-two week low of $15.67 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUN) last issued its earnings results on Monday, February 17th. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.39% and a negative net margin of 3.13%. As a group, sell-side analysts forecast that Huntsman will post 0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on HUN shares. UBS Group reduced their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Mizuho dropped their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Citigroup dropped their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Morgan Stanley lowered their price objective on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. lowered their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.88.

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.