Huntsman (NYSE:HUN – Get Free Report) released its earnings results on Monday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14, Briefing.com reports. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same quarter in the prior year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.
Huntsman Stock Down 4.4 %
Shares of NYSE:HUN traded down $0.98 during midday trading on Monday, hitting $21.50. The stock had a trading volume of 3,495,670 shares, compared to its average volume of 1,922,671. The company has a quick ratio of 0.98, a current ratio of 1.55 and a debt-to-equity ratio of 0.49. The business’s 50-day simple moving average is $23.31 and its 200-day simple moving average is $24.31. Huntsman has a 12 month low of $21.19 and a 12 month high of $28.96. The company has a market cap of $3.72 billion, a P/E ratio of -41.35 and a beta of 1.01.
Huntsman Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.65%. Huntsman’s dividend payout ratio is -192.31%.
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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.
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