Huntsman (NYSE:HUN) Releases Quarterly Earnings Results, Misses Estimates By $0.18 EPS

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

Huntsman Trading Up 1.4 %

HUN traded up $0.25 during trading hours on Wednesday, reaching $18.05. The company’s stock had a trading volume of 752,642 shares, compared to its average volume of 2,811,510. Huntsman has a fifty-two week low of $15.67 and a fifty-two week high of $27.01. The stock has a market cap of $3.12 billion, a PE ratio of -26.14 and a beta of 0.95. The business’s 50-day moving average is $17.52 and its 200-day moving average is $20.19. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83.

Huntsman Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HUN shares. Morgan Stanley cut their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Citigroup lowered their price objective on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on Huntsman from $25.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday. Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Finally, UBS Group lowered their price objective on Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.