Huntsman Co. (NYSE:HUN) Announces $0.25 Quarterly Dividend

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.25 per share by the basic materials company on Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.82%.

Huntsman has raised its dividend by an average of 13.5% per year over the last three years. Huntsman has a payout ratio of 89.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Huntsman to earn $1.07 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 93.5%.

Huntsman Stock Down 4.6 %

NYSE HUN traded down $1.00 on Tuesday, reaching $20.74. The company had a trading volume of 4,223,968 shares, compared to its average volume of 1,889,678. The firm has a market capitalization of $3.59 billion, a PE ratio of -41.06 and a beta of 1.02. Huntsman has a 1 year low of $19.90 and a 1 year high of $27.01. The firm has a 50-day moving average of $22.76 and a 200-day moving average of $23.08. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77.

Huntsman (NYSE:HUN) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.10. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the prior year, the business earned $0.15 EPS. Huntsman’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that Huntsman will post 0.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HUN has been the topic of a number of recent analyst reports. UBS Group cut their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada upped their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company dropped their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.88.

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.