Huntsman (NYSE:HUN) Announces Earnings Results

Huntsman (NYSE:HUN) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.06) EPS for the quarter, hitting analysts’ consensus estimates of ($0.06), RTT News reports. Huntsman had a positive return on equity of 0.66% and a negative net margin of 1.49%. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $0.20 EPS. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year.

Huntsman Price Performance

NYSE HUN opened at $24.53 on Friday. The company has a 50 day simple moving average of $25.12 and a 200-day simple moving average of $24.67. Huntsman has a 52-week low of $22.14 and a 52-week high of $29.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23.

Huntsman Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.25 dividend. This is a positive change from Huntsman’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.08%. Huntsman’s dividend payout ratio (DPR) is currently -192.31%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HUN. Stifel Nicolaus lowered their target price on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. The Goldman Sachs Group raised their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Finally, Royal Bank of Canada upped their target price on Huntsman from $20.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.55.

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.