Huntsman (NYSE:HUN) Issues Earnings Results

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

Huntsman Price Performance

Huntsman stock opened at $20.88 on Thursday. The company has a market cap of $3.61 billion, a P/E ratio of -30.26 and a beta of 1.02. Huntsman has a one year low of $19.90 and a one year high of $27.01. The business has a fifty day moving average of $22.72 and a two-hundred day moving average of $23.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30.

Huntsman Dividend Announcement

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

Analyst Upgrades and Downgrades

HUN has been the topic of several research reports. Wells Fargo & Company lowered their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada boosted their price target on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased 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, UBS Group dropped their target price on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.