Hawkins (NASDAQ:HWKN) Announces Quarterly Earnings Results

Hawkins (NASDAQ:HWKN) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.05), Zacks reports. Hawkins had a net margin of 8.60% and a return on equity of 19.33%.

Hawkins Trading Up 0.6 %

Shares of HWKN stock traded up $0.68 during mid-day trading on Friday, hitting $106.99. The company’s stock had a trading volume of 25,401 shares, compared to its average volume of 149,199. The company has a market cap of $2.24 billion, a PE ratio of 27.31, a P/E/G ratio of 4.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.39 and a current ratio of 2.27. The company’s fifty day simple moving average is $123.66 and its 200-day simple moving average is $120.96. Hawkins has a 52 week low of $54.44 and a 52 week high of $139.55.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, February 14th. This represents a $0.72 dividend on an annualized basis and a yield of 0.67%. Hawkins’s dividend payout ratio (DPR) is currently 18.37%.

Analyst Upgrades and Downgrades

Separately, BWS Financial reiterated a “neutral” rating and issued a $122.00 target price on shares of Hawkins in a report on Thursday, October 31st.

About Hawkins

Hawkins, Inc operates as a specialty chemical and ingredients company in the United States. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.