Hawkins (NASDAQ:HWKN) Issues Quarterly Earnings Results

Hawkins (NASDAQ:HWKN) released its earnings results on Wednesday. The specialty chemicals company reported $0.72 earnings per share 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 Price Performance

Shares of HWKN traded up $0.68 during mid-day trading on Friday, reaching $106.99. The company had a trading volume of 25,401 shares, compared to its average volume of 149,199. The company has a market capitalization of $2.24 billion, a price-to-earnings 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 50 day simple moving average is $123.66 and its 200 day simple moving average is $120.96. Hawkins has a 1-year low of $54.44 and a 1-year high of $139.55.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Friday, February 14th. Hawkins’s dividend payout ratio (DPR) is presently 18.37%.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “neutral” rating and set a $122.00 price objective on shares of Hawkins in a research 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.