Huntsman (NYSE:HUN) Posts Earnings Results, Meets Expectations

Huntsman (NYSE:HUN) announced its quarterly earnings results on Monday. The basic materials company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14, Briefing.com reports. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period last year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was down 1.4% on a year-over-year basis.

Huntsman Trading Down 3.7 %

NYSE HUN opened at $20.69 on Wednesday. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -39.79 and a beta of 1.01. Huntsman has a 52 week low of $20.63 and a 52 week high of $28.96. The business has a 50 day moving average price of $23.15 and a 200-day moving average price of $24.28. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.83%. Huntsman’s dividend payout ratio is -192.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on HUN shares. UBS Group lowered their price objective on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company lowered their price objective on Huntsman from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Citigroup lowered their target price on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a report on Thursday, June 27th. Royal Bank of Canada lifted their target price on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $27.00 in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.56.

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.