Hawkins (HWKN) Scheduled to Post Quarterly Earnings on Wednesday

Hawkins (NASDAQ:HWKN) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.17 per share for the quarter.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings results on Wednesday, July 31st. The specialty chemicals company reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.37. The company had revenue of $255.88 million for the quarter, compared to the consensus estimate of $254.30 million. Hawkins had a return on equity of 20.16% and a net margin of 8.75%. On average, analysts expect Hawkins to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hawkins Stock Performance

HWKN stock opened at $116.50 on Monday. The business’s fifty day moving average is $123.32 and its 200-day moving average is $102.85. The company has a quick ratio of 1.44, a current ratio of 2.27 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.43 billion, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 4.10 and a beta of 0.74. Hawkins has a twelve month low of $53.64 and a twelve month high of $135.61.

Hawkins Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Hawkins’s previous quarterly dividend of $0.16. Hawkins’s dividend payout ratio is 18.70%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial downgraded Hawkins from a “buy” rating to a “neutral” rating and set a $122.00 price target on the stock. in a research note on Wednesday, October 16th.

Hawkins Company Profile

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.