Huntsman (NYSE:HUN) Releases Earnings Results, Meets Estimates

Huntsman (NYSE:HUN - Get Free Report) posted its earnings results on Monday. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10, Briefing.com reports. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the company posted $0.15 EPS. The company's revenue for the quarter was up 2.3% on a year-over-year basis.

Huntsman Trading Down 4.6 %

NYSE HUN traded down $1.00 on Tuesday, reaching $20.74. The stock had a trading volume of 4,224,041 shares, compared to its average volume of 1,889,679. Huntsman has a 12-month low of $19.90 and a 12-month high of $27.01. The stock has a fifty day moving average price of $22.76 and a two-hundred day moving average price of $23.08. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of -41.06 and a beta of 1.02.

Huntsman Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.82%. Huntsman's payout ratio is -200.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HUN. JPMorgan Chase & Co. lowered their target price on Huntsman from $27.00 to $25.00 and set an "overweight" rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on shares of Huntsman from $28.00 to $26.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 7th. UBS Group reduced their price target on shares of Huntsman from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada lifted their price target on shares of Huntsman from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.88.

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.