Huntsman (NYSE:HUN) Announces Quarterly Earnings Results

Huntsman (NYSE:HUN) announced 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 for the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. Huntsman’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share.

Huntsman Stock Down 4.6 %

NYSE HUN opened at $20.74 on Wednesday. The company has a market capitalization of $3.59 billion, a P/E ratio of -41.48 and a beta of 1.02. Huntsman has a 12 month low of $19.90 and a 12 month high of $27.01. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.77. The company’s 50 day simple moving average is $22.74 and its 200 day simple moving average is $23.06.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.82%. Huntsman’s dividend payout ratio is currently -200.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada raised their price target on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. JPMorgan Chase & Co. reduced their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group lowered their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Huntsman presently has a consensus rating of “Hold” and a consensus price target of $25.88.

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.