Q4 2022 EPS Estimates for Huntsman Co. Cut by KeyCorp (NYSE:HUN)

Posted by Tammy Falkenburg on Aug 6th, 2022

Huntsman Co. (NYSE:HUN – Get Rating) – Research analysts at KeyCorp reduced their Q4 2022 EPS estimates for shares of Huntsman in a research note issued to investors on Tuesday, August 2nd. KeyCorp analyst A. Yefremov now anticipates that the basic materials company will earn $0.94 per share for the quarter, down from their previous estimate of $1.10. The consensus estimate for Huntsman’s current full-year earnings is $4.45 per share.

Huntsman (NYSE:HUN – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the company posted $0.86 EPS. The company’s revenue was up 16.7% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on HUN. StockNews.com cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 15th. Bank of America cut shares of Huntsman from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $45.00 to $34.00 in a research report on Tuesday, June 14th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $42.00 to $35.00 and set an “overweight” rating for the company in a research report on Wednesday, June 22nd. Citigroup decreased their price objective on shares of Huntsman from $35.00 to $34.00 in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntsman from $40.00 to $35.00 in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Huntsman has a consensus rating of “Moderate Buy” and a consensus price target of $43.77.

Huntsman Trading Up 1.1 %

HUN opened at $28.92 on Thursday. Huntsman has a twelve month low of $24.09 and a twelve month high of $41.65. The company has a quick ratio of 1.23, a current ratio of 2.12 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $30.29 and a 200-day moving average of $34.43. The stock has a market cap of $6.07 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16.

Huntsman Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.2125 dividend. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.94%. Huntsman’s dividend payout ratio (DPR) is 14.63%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HUN. Janney Montgomery Scott LLC lifted its position in shares of Huntsman by 28.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,457 shares of the basic materials company’s stock valued at $1,586,000 after purchasing an additional 10,169 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Huntsman during the fourth quarter valued at about $23,966,000. Commonwealth Equity Services LLC lifted its position in shares of Huntsman by 58.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,177 shares of the basic materials company’s stock valued at $564,000 after purchasing an additional 5,978 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Huntsman by 7.0% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 125,662 shares of the basic materials company’s stock valued at $4,383,000 after purchasing an additional 8,183 shares in the last quarter. Finally, Yousif Capital Management LLC bought a new position in shares of Huntsman during the fourth quarter valued at about $312,000. 84.02% of the stock is owned by institutional investors.

Huntsman Company Profile

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Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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.