Hawkins (NASDAQ:HWKN) Posts Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Hawkins (NASDAQ:HWKN) released its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.20, Bloomberg Earnings reports. Hawkins had a net margin of 5.25% and a return on equity of 12.35%. The firm had revenue of $132.41 million during the quarter, compared to analysts’ expectations of $126.64 million.

HWKN opened at $40.83 on Friday. Hawkins has a fifty-two week low of $26.82 and a fifty-two week high of $47.94. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.11. The company has a market capitalization of $413.92 million, a P/E ratio of 14.56 and a beta of 0.74. The stock has a fifty day moving average of $34.88 and a 200-day moving average of $39.73.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.233 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, June 4th. Hawkins’s dividend payout ratio is currently 34.96%.

A number of equities analysts have commented on HWKN shares. Zacks Investment Research cut shares of Hawkins from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Hawkins from a “sell” rating to a “hold” rating in a research report on Saturday. BWS Financial started coverage on shares of Hawkins in a research report on Tuesday, April 14th. They set a “buy” rating and a $44.00 price objective for the company. Finally, ValuEngine raised shares of Hawkins from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hawkins currently has an average rating of “Hold” and a consensus price target of $42.00.

Hawkins Company Profile

Hawkins, Inc blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationaly. It operates in three segments: Industrial, Water Treatment, and Health and Nutrition. It provides industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries.

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Earnings History for Hawkins (NASDAQ:HWKN)

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