Hawkins (NASDAQ:HWKN) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Hawkins (NASDAQ:HWKN) announced its earnings results on Wednesday. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05), Zacks reports. Hawkins had a net margin of 8.74% and a return on equity of 19.64%.

Hawkins Price Performance

Shares of HWKN stock traded down $0.29 during trading hours on Wednesday, hitting $116.11. 159,542 shares of the company’s stock were exchanged, compared to its average volume of 145,427. The company has a market capitalization of $2.43 billion, a PE ratio of 29.70, a PEG ratio of 4.09 and a beta of 0.84. The business’s 50 day simple moving average is $124.32 and its 200-day simple moving average is $121.10. The company has a current ratio of 2.27, a quick ratio of 1.39 and a debt-to-equity ratio of 0.21. Hawkins has a 12-month low of $54.44 and a 12-month high of $139.55.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a report on Thursday, October 31st.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.