Huntsman (NYSE:HUN) Posts Earnings Results, Misses Expectations By $0.03 EPS

Huntsman (NYSE:HUN) issued its quarterly earnings data on Monday. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03), FiscalAI reports. Huntsman had a negative net margin of 2.81% and a negative return on equity of 3.11%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis.

Huntsman Stock Performance

NYSE:HUN traded up $0.34 during mid-day trading on Wednesday, hitting $9.88. The company’s stock had a trading volume of 1,267,397 shares, compared to its average volume of 5,045,069. The business’s fifty day moving average is $9.00 and its two-hundred day moving average is $11.66. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -9.87 and a beta of 0.73. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman has a 1 year low of $7.30 and a 1 year high of $16.08.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUN. KeyCorp initiated coverage on shares of Huntsman in a report on Friday, September 11th. They issued an “overweight” rating and a $14.00 price target on the stock. Jefferies Financial Group set a $12.00 price objective on shares of Huntsman in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $11.00 price objective on shares of Huntsman in a research report on Thursday, August 20th. The Goldman Sachs Group set a $12.00 target price on Huntsman in a report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Huntsman in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.46.

More Huntsman News

Here are the key news stories impacting Huntsman this week:

• Positive Sentiment: Third-quarter revenue rose 17.6% year over year to $1.72 billion, exceeding analyst expectations of $1.61 billion. Adjusted EPS improved to $0.04 from a loss of $0.03 a year earlier, and adjusted net income was $7 million versus an adjusted loss last year. Huntsman Q3 results
• Neutral Sentiment: Royal Bank of Canada raised its price target to $10 from $9 but maintained a “sector perform” rating, implying only about 2% upside from the quoted share price. RBC price target update
• Negative Sentiment: Adjusted EPS of $0.04 fell short of the $0.07 consensus. Huntsman also reported a GAAP net loss of $18 million, although that was narrower than the $25 million loss a year earlier. The earnings call struck a cautiously optimistic tone amid ongoing headwinds. Earnings call highlights

About Huntsman

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.