Huntsman Co. (HUN) to Issue Quarterly Dividend of $0.25 on September 30th

Huntsman Co. (NYSE:HUN) announced a quarterly dividend on Monday, August 5th, RTT News reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.25 per share by the basic materials company on Monday, September 30th. This represents a $1.00 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Friday, September 13th.

Huntsman has raised its dividend by an average of 13.5% per year over the last three years. Huntsman has a payout ratio of 82.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Huntsman to earn $1.13 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 88.5%.

Huntsman Stock Down 1.1 %

Shares of Huntsman stock opened at $21.27 on Wednesday. Huntsman has a 12 month low of $19.91 and a 12 month high of $27.01. The business has a fifty day simple moving average of $21.99 and a 200 day simple moving average of $23.73. 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 stock has a market cap of $3.68 billion, a PE ratio of -40.90 and a beta of 1.00.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Monday, August 5th. The basic materials company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same period in the prior year, the business posted $0.22 EPS. Huntsman’s revenue was down 1.4% on a year-over-year basis. Research analysts predict that Huntsman will post 0.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HUN shares. Wells Fargo & Company decreased their price target on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Citigroup cut their price objective on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada lowered their target price on Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. UBS Group cut their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.56.

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.