Huntsman (NYSE:HUN) Announces Earnings Results, Misses Expectations By $0.18 EPS

Huntsman (NYSE:HUN) released its 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. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%.

Huntsman Stock Performance

Shares of NYSE:HUN traded up $0.25 during trading on Wednesday, hitting $18.05. 637,457 shares of the stock traded hands, compared to its average volume of 2,807,796. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.45. The company has a fifty day moving average price of $17.52 and a two-hundred day moving average price of $20.19. Huntsman has a 52-week low of $15.67 and a 52-week high of $27.01. The company has a market cap of $3.12 billion, a price-to-earnings ratio of -26.14 and a beta of 0.95.

Huntsman Announces Dividend

The business also recently declared 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 presently -144.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. 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 report on Thursday, December 19th. Wells Fargo & Company lowered their price target on Huntsman from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley reduced their price objective 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 dropped their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 18th. Finally, Alembic Global Advisors lowered shares of Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One investment 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. According to data from MarketBeat, Huntsman currently has a consensus 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.