Huntsman Corp (HUN) released its first quarter results on Sunday, May 2, 2021. The company reported net earnings of $0.37 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 129 percent compared to the same period a year ago.
Huntsman Corporation was founded in 1970 and is headquartered in The Woodlands, Texas. Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments:
Huntsman's revenue decreased 12 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 25.37% for the first quarter compared to the same period in the previous year, and operating margins increased to 8.17% over the same period. Net earnings for past trailing twelve months were $413.0 million, up 58% from the prior year.
Moving on to the balance sheet, Huntsman's cash levels dropped 58% for the first quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 11.97% this past year. The current ratio for Huntsman now stands at 1.87. The company decreased shares outstanding by 1.89%.
Shares of HUN are currently trading around $28.67. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 15.06 and price to book ratio of 1.79.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, May 3, 2021.