Equities analysts expect Huntsman Co. (NYSE:HUN) to post earnings of $0.29 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Huntsman’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.25. Huntsman posted earnings per share of $0.52 in the same quarter last year, which would suggest a negative year over year growth rate of 44.2%. The company is expected to report its next earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Huntsman will report full-year earnings of $1.53 per share for the current year. For the next fiscal year, analysts anticipate that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.70 to $2.08. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Huntsman.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.82 billion. Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The business’s revenue was down 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 earnings per share.
Several research firms recently weighed in on HUN. Citigroup lifted their price objective on Huntsman from $21.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. UBS Group lifted their price objective on Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Wells Fargo & Co started coverage on Huntsman in a research note on Tuesday, October 15th. They issued an “outperform” rating and a $28.00 target price on the stock. SunTrust Banks cut their target price on Huntsman to $29.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, TheStreet lowered Huntsman from a “b” rating to a “c+” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.25.
Shares of HUN stock traded up $0.51 on Monday, hitting $23.14. The stock had a trading volume of 1,447,805 shares, compared to its average volume of 2,472,527. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average price of $22.90 and a 200 day moving average price of $20.87. The company has a market cap of $5.39 billion, a PE ratio of 6.93, a P/E/G ratio of 1.90 and a beta of 2.34. Huntsman has a one year low of $17.33 and a one year high of $25.66.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be paid a $0.1625 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.65 annualized dividend and a yield of 2.81%. Huntsman’s dividend payout ratio (DPR) is presently 19.46%.
Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of Huntsman by 2.6% during the third quarter. New York State Teachers Retirement System now owns 19,700 shares of the basic materials company’s stock worth $458,000 after acquiring an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Huntsman by 5.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,278 shares of the basic materials company’s stock valued at $309,000 after buying an additional 713 shares in the last quarter. Smith Graham & Co. Investment Advisors LP raised its stake in Huntsman by 0.3% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 240,460 shares of the basic materials company’s stock valued at $5,593,000 after buying an additional 740 shares in the last quarter. Foundry Partners LLC raised its stake in Huntsman by 0.4% during the second quarter. Foundry Partners LLC now owns 296,345 shares of the basic materials company’s stock valued at $6,057,000 after buying an additional 1,150 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Huntsman by 9.8% during the 2nd quarter. M&T Bank Corp now owns 12,902 shares of the basic materials company’s stock worth $263,000 after purchasing an additional 1,156 shares during the period. Institutional investors own 74.52% of the company’s stock.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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