Huntsman (HUN) to Release Earnings on Thursday

Huntsman (NYSE:HUN) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Huntsman to post earnings of ($0.07) per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Huntsman (NYSE:HUN) last issued its earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.07). Huntsman had a net margin of 1.65% and a return on equity of 1.92%. The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $0.04 EPS. The business’s quarterly revenue was down 15.0% on a year-over-year basis. On average, analysts expect Huntsman to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Huntsman Stock Performance

Shares of Huntsman stock opened at $23.99 on Thursday. Huntsman has a fifty-two week low of $22.14 and a fifty-two week high of $29.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23. The firm has a market capitalization of $4.15 billion, a P/E ratio of 45.27 and a beta of 1.12. The company’s 50 day moving average price is $25.21 and its two-hundred day moving average price is $24.64.

Huntsman Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.17%. This is a positive change from Huntsman’s previous quarterly dividend of $0.24. Huntsman’s dividend payout ratio (DPR) is currently 188.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HUN. Wells Fargo & Company upgraded shares of Huntsman from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. The Goldman Sachs Group lifted their price target on shares of Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Royal Bank of Canada lifted their price target on shares of Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Finally, Stifel Nicolaus dropped their target price on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and an average target price of $26.55.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.