Huntsman (NYSE:HUN) Releases Quarterly Earnings Results

Huntsman (NYSE:HUN) released its quarterly earnings results on Monday. The basic materials company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18), Zacks reports. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%.

Huntsman Price Performance

HUN stock traded up $0.26 during midday trading on Wednesday, reaching $18.06. The stock had a trading volume of 350,013 shares, compared to its average volume of 2,793,781. The company’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $20.19. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.45. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -26.10 and a beta of 0.95. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.54%. Huntsman’s payout ratio is currently -144.93%.

Analyst Ratings Changes

Several equities analysts recently commented on HUN shares. Citigroup decreased their price objective on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, December 18th. Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. Mizuho dropped their price objective on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on shares of Huntsman from $23.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Thursday, December 19th. Finally, Morgan Stanley dropped their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.25.

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.