Brokerages predict that Huntsman Co. (NYSE:HUN) will post $0.29 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Huntsman’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.34. Huntsman posted earnings of $0.52 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 44.2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 11th.
According to Zacks, analysts expect that Huntsman will report full-year earnings of $1.80 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.85. For the next fiscal year, analysts forecast that the company will post earnings of $1.91 per share, with EPS estimates ranging from $1.70 to $2.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Huntsman.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, October 25th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm’s quarterly revenue was down 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.84 earnings per share.
A number of equities research analysts have recently commented on the company. SunTrust Banks cut their price objective on Huntsman to $29.00 and set a “buy” rating for the company in a research report on Monday, October 28th. BNP Paribas cut Huntsman from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research note on Wednesday, October 16th. Wells Fargo & Co began coverage on Huntsman in a report on Tuesday, October 15th. They issued an “outperform” rating and a $28.00 target price on the stock. UBS Group upped their target price on Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, TheStreet lowered shares of Huntsman from a “b” rating to a “c+” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Huntsman currently has a consensus rating of “Buy” and a consensus price target of $25.60.
NYSE HUN opened at $22.82 on Wednesday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.83 and a beta of 2.32. Huntsman has a 1 year low of $17.33 and a 1 year high of $25.66. The business’s fifty day moving average is $23.05 and its two-hundred day moving average is $21.07. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.45 and a current ratio of 1.96.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Thursday, December 12th. Huntsman’s payout ratio is 19.46%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Scout Investments Inc. grew its holdings in shares of Huntsman by 2.0% in the 3rd quarter. Scout Investments Inc. now owns 1,117,680 shares of the basic materials company’s stock valued at $25,997,000 after buying an additional 22,381 shares during the period. Envestnet Asset Management Inc. increased its position in Huntsman by 85.5% during the second quarter. Envestnet Asset Management Inc. now owns 473,808 shares of the basic materials company’s stock worth $9,685,000 after buying an additional 218,389 shares during the last quarter. Magnetar Financial LLC acquired a new position in Huntsman during the second quarter worth approximately $208,000. Bank of Montreal Can increased its position in Huntsman by 25.8% during the second quarter. Bank of Montreal Can now owns 374,083 shares of the basic materials company’s stock worth $7,645,000 after buying an additional 76,621 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in Huntsman by 21.6% in the third quarter. California Public Employees Retirement System now owns 563,772 shares of the basic materials company’s stock valued at $13,113,000 after buying an additional 100,278 shares during the period. Hedge funds and other institutional investors own 73.05% 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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