Hawkins (HWKN) Set to Announce Quarterly Earnings on Wednesday

Hawkins (NASDAQ:HWKN) is scheduled to be announcing its earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $1.01 per share for the quarter.

Hawkins (NASDAQ:HWKN) last posted its quarterly earnings data on Wednesday, May 15th. The specialty chemicals company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.02). The company had revenue of $223.02 million during the quarter, compared to the consensus estimate of $217.49 million. Hawkins had a return on equity of 19.41% and a net margin of 8.20%. On average, analysts expect Hawkins to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Hawkins Trading Down 0.5 %

Shares of NASDAQ:HWKN opened at $106.44 on Tuesday. The stock has a 50 day moving average of $92.68 and a 200 day moving average of $79.44. The company has a market cap of $2.23 billion, a PE ratio of 29.65, a price-to-earnings-growth ratio of 4.86 and a beta of 0.72. Hawkins has a 12-month low of $45.50 and a 12-month high of $110.53. The company has a current ratio of 1.96, a quick ratio of 1.24 and a debt-to-equity ratio of 0.22.

Hawkins Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.60%. Hawkins’s payout ratio is currently 17.83%.

Analyst Ratings Changes

Separately, BWS Financial lifted their target price on shares of Hawkins from $74.00 to $96.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

Insider Transactions at Hawkins

In other Hawkins news, Director James A. Faulconbridge bought 1,800 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of $87.56 per share, with a total value of $157,608.00. Following the purchase, the director now owns 40,517 shares of the company’s stock, valued at $3,547,668.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James A. Faulconbridge purchased 2,000 shares of Hawkins stock in a transaction on Monday, June 10th. The shares were bought at an average cost of $86.47 per share, for a total transaction of $172,940.00. Following the acquisition, the director now owns 44,017 shares in the company, valued at approximately $3,806,149.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Faulconbridge purchased 1,800 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average price of $87.56 per share, for a total transaction of $157,608.00. Following the purchase, the director now owns 40,517 shares in the company, valued at $3,547,668.52. The disclosure for this purchase can be found here. Insiders acquired a total of 5,100 shares of company stock valued at $442,998 over the last 90 days. Company insiders own 3.80% of the company’s stock.

Hawkins Company Profile

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.