Equities analysts expect Huntsman Co. (NYSE:HUN) to announce $2.27 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntsman’s earnings, with the highest sales estimate coming in at $2.42 billion and the lowest estimate coming in at $2.12 billion. Huntsman posted sales of $2.44 billion during the same quarter last year, which suggests a negative year over year growth rate of 7%. The business is expected to announce its next quarterly earnings report on Tuesday, October 29th.
On average, analysts expect that Huntsman will report full year sales of $8.68 billion for the current financial year, with estimates ranging from $8.47 billion to $9.01 billion. For the next fiscal year, analysts expect that the business will post sales of $9.08 billion, with estimates ranging from $8.74 billion to $9.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Huntsman.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Tuesday, July 30th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.28 billion. Huntsman had a positive return on equity of 18.68% and a negative net margin of 1.37%. The business’s revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share.
Several brokerages have weighed in on HUN. Jefferies Financial Group cut their price target on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, June 17th. Goldman Sachs Group upgraded Huntsman from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, May 9th. Citigroup set a $21.00 price target on Huntsman and gave the stock a “hold” rating in a report on Monday, July 15th. KeyCorp cut their price target on Huntsman from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays restated a “sell” rating and set a $19.00 price target on shares of Huntsman in a report on Wednesday, July 31st. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.36.
Shares of HUN stock traded up $0.28 on Wednesday, hitting $19.79. The stock had a trading volume of 1,785,784 shares, compared to its average volume of 2,622,008. The company’s 50 day moving average price is $20.10 and its 200-day moving average price is $21.43. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.83 and a quick ratio of 1.16. Huntsman has a 1 year low of $17.33 and a 1 year high of $33.04. The firm has a market capitalization of $4.31 billion, a P/E ratio of 5.93, a P/E/G ratio of 0.96 and a beta of 2.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.65 annualized dividend and a dividend yield of 3.28%. Huntsman’s dividend payout ratio is currently 19.46%.
In other Huntsman news, VP David M. Stryker acquired 2,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $19.01 per share, with a total value of $38,020.00. Following the transaction, the vice president now owns 179,930 shares in the company, valued at approximately $3,420,469.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Huntsman by 1.3% in the 1st quarter. BlackRock Inc. now owns 15,541,338 shares of the basic materials company’s stock valued at $349,525,000 after purchasing an additional 194,288 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Huntsman by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,682,522 shares of the basic materials company’s stock valued at $109,615,000 after purchasing an additional 19,446 shares during the period. Geode Capital Management LLC boosted its position in shares of Huntsman by 7.1% in the 4th quarter. Geode Capital Management LLC now owns 3,760,365 shares of the basic materials company’s stock valued at $72,537,000 after purchasing an additional 249,417 shares during the period. Wells Fargo & Company MN boosted its position in shares of Huntsman by 12.9% in the 2nd quarter. Wells Fargo & Company MN now owns 3,450,438 shares of the basic materials company’s stock valued at $70,527,000 after purchasing an additional 395,569 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Huntsman by 37.2% in the 2nd quarter. Invesco Ltd. now owns 3,093,714 shares of the basic materials company’s stock valued at $63,235,000 after purchasing an additional 838,161 shares during the period. 75.32% of the stock is owned by institutional investors and hedge funds.
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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