Huntsman Co. (HUN) To Go Ex-Dividend on September 13th

Huntsman Co. (NYSE:HUN) declared a quarterly dividend on Monday, August 5th, RTT News reports. Investors 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 4.83%. The ex-dividend date of this dividend is Friday, September 13th.

Huntsman has raised its dividend payment by an average of 13.5% per year over the last three years. Huntsman has a dividend payout ratio of 66.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntsman to earn $1.35 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 74.1%.

Huntsman Stock Performance

NYSE HUN opened at $20.69 on Wednesday. The firm’s fifty day moving average price is $23.15 and its two-hundred day moving average price is $24.28. The stock has a market cap of $3.58 billion, a PE ratio of -39.79 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55. Huntsman has a fifty-two week low of $20.63 and a fifty-two week high of $28.96.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. Huntsman’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 EPS. On average, equities analysts expect that Huntsman will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

HUN has been the subject of a number of research reports. UBS Group dropped their price objective on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday. Royal Bank of Canada raised their price target on shares of Huntsman from $24.00 to $26.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 7th. JPMorgan Chase & Co. upgraded Huntsman from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $22.00 to $27.00 in a report on Friday, June 7th. Citigroup decreased their target price on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. Finally, Wells Fargo & Company lowered their price objective on Huntsman from $32.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.56.

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.