Brokerages expect Huntsman Co. (NYSE:HUN) to report earnings of $0.63 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntsman’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.68. Huntsman reported earnings per share of $0.84 during the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The company is scheduled to announce its next earnings report on Tuesday, October 29th.
On average, analysts expect that Huntsman will report full year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.25 to $2.40. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.81 per share, with EPS estimates ranging from $2.67 to $3.01. Zacks’ EPS averages are an average based on a survey of analysts that cover Huntsman.
Huntsman (NYSE:HUN) last announced 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 company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Huntsman had a negative net margin of 1.37% and a positive return on equity of 18.68%. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 EPS.
A number of equities analysts have recently issued reports on the stock. KeyCorp cut their price target on shares of Huntsman from $28.00 to $27.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. Barclays reiterated a “sell” rating and issued a $19.00 price target on shares of Huntsman in a report on Wednesday, July 31st. Nomura reiterated a “buy” rating and issued a $26.00 price target on shares of Huntsman in a report on Sunday, August 11th. Jefferies Financial Group cut their price target on shares of Huntsman from $33.00 to $30.00 and set a “buy” rating for the company in a report on Monday, June 17th. Finally, UBS Group set a $26.00 price target on shares of Huntsman and gave the company a “buy” rating 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 seven have given a buy rating to the stock. Huntsman presently has a consensus rating of “Hold” and a consensus target price of $27.36.
Large investors have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new position in Huntsman during the 1st quarter valued at about $28,000. Meridian Wealth Management LLC acquired a new stake in shares of Huntsman during the 1st quarter worth about $37,000. FinTrust Capital Advisors LLC boosted its stake in shares of Huntsman by 130.2% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,021 shares of the basic materials company’s stock worth $45,000 after purchasing an additional 1,143 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Huntsman by 67.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,305 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 931 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of Huntsman during the 1st quarter worth about $54,000. Hedge funds and other institutional investors own 75.32% of the company’s stock.
Shares of HUN opened at $20.58 on Tuesday. The company has a 50-day simple moving average of $19.84 and a 200-day simple moving average of $21.18. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $4.48 billion, a PE ratio of 6.16, a P/E/G ratio of 0.99 and a beta of 2.30. Huntsman has a 52-week low of $17.33 and a 52-week high of $30.51.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.1625 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.65 annualized dividend and a yield of 3.16%. Huntsman’s dividend payout ratio (DPR) is currently 19.46%.
Huntsman Company Profile
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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