Hawkins (NASDAQ:HWKN) Issues Quarterly Earnings Results, Misses Expectations By $0.05 EPS

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 8.74% and a return on equity of 19.64%.

Hawkins Stock Down 1.8 %

Shares of NASDAQ HWKN opened at $114.05 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.27 and a quick ratio of 1.39. Hawkins has a 1 year low of $54.44 and a 1 year high of $139.55. The stock has a market capitalization of $2.38 billion, a P/E ratio of 29.29, a P/E/G ratio of 4.09 and a beta of 0.84. The company has a 50-day moving average price of $124.09 and a 200-day moving average price of $121.07.

Hawkins Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.63%. Hawkins’s dividend payout ratio (DPR) is 18.41%.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated 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.