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

Huntsman (NYSE:HUN) released its quarterly earnings data on Monday. The basic materials company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.45 billion.

Huntsman Price Performance

NYSE:HUN traded up $0.25 during trading hours on Wednesday, hitting $18.05. The company’s stock had a trading volume of 752,642 shares, compared to its average volume of 2,811,510. The business’s 50-day moving average is $17.52 and its two-hundred day moving average is $20.19. The company has a market capitalization of $3.12 billion, a PE ratio of -26.14 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.83 and a current ratio of 1.47. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01.

Huntsman Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on HUN shares. Citigroup decreased their price target on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley cut their price target 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. UBS Group lowered their price target on Huntsman from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Alembic Global Advisors downgraded Huntsman from an “overweight” rating to a “neutral” rating in a report on Wednesday, January 15th. Finally, Mizuho lowered their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $22.25.

Huntsman Company Profile

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.