Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.1625 per share by the basic materials company on Tuesday, December 31st. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.77%.
Shares of HUN traded up $0.08 during mid-day trading on Tuesday, reaching $23.49. The company had a trading volume of 165,270 shares, compared to its average volume of 2,065,004. The company’s 50 day simple moving average is $22.78 and its 200 day simple moving average is $20.91. Huntsman has a 1-year low of $17.33 and a 1-year high of $25.66. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.96. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 7.03, a P/E/G ratio of 1.84 and a beta of 2.34.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was down 14.3% on a year-over-year basis. As a group, equities analysts forecast that Huntsman will post 1.53 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of Huntsman from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. TheStreet downgraded shares of Huntsman from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. Alembic Global Advisors upgraded shares of Huntsman from a “neutral” rating to an “overweight” rating in a research note on Monday, September 23rd. UBS Group raised their price target on shares of Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised their price target on shares of Huntsman from $21.00 to $23.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Huntsman has an average rating of “Hold” and a consensus price target of $26.25.
Huntsman Company Profile
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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