Equities analysts expect Huntsman Co. (NYSE:HUN) to announce sales of $2.04 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Huntsman’s earnings, with the lowest sales estimate coming in at $1.82 billion and the highest estimate coming in at $2.19 billion. Huntsman reported sales of $1.51 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 35.1%. The business is scheduled to announce its next earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Huntsman will report full-year sales of $7.70 billion for the current year, with estimates ranging from $6.84 billion to $8.05 billion. For the next year, analysts expect that the business will report sales of $7.95 billion, with estimates ranging from $7.14 billion to $8.58 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Huntsman.
Huntsman (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 29th. The basic materials company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. Huntsman had a return on equity of 14.21% and a net margin of 8.95%. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the firm earned ($0.14) earnings per share. The business’s revenue for the quarter was up 62.3% on a year-over-year basis.
Institutional investors and hedge funds have recently bought and sold shares of the company. Credit Agricole S A acquired a new stake in shares of Huntsman during the second quarter worth about $25,000. AllSquare Wealth Management LLC grew its holdings in shares of Huntsman by 258.9% during the first quarter. AllSquare Wealth Management LLC now owns 1,500 shares of the basic materials company’s stock worth $43,000 after buying an additional 1,082 shares during the last quarter. Harvest Fund Management Co. Ltd grew its holdings in shares of Huntsman by 173.6% during the first quarter. Harvest Fund Management Co. Ltd now owns 1,699 shares of the basic materials company’s stock worth $49,000 after buying an additional 1,078 shares during the last quarter. Deseret Mutual Benefit Administrators purchased a new position in shares of Huntsman during the second quarter worth about $50,000. Finally, Gradient Investments LLC grew its holdings in shares of Huntsman by 29.2% during the second quarter. Gradient Investments LLC now owns 2,413 shares of the basic materials company’s stock worth $64,000 after buying an additional 545 shares during the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.
Shares of NYSE:HUN traded up $1.94 during midday trading on Friday, hitting $30.01. The company had a trading volume of 168,858 shares, compared to its average volume of 2,215,542. Huntsman has a twelve month low of $21.65 and a twelve month high of $32.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.88 and a quick ratio of 1.14. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 0.16 and a beta of 1.36. The business’s 50-day simple moving average is $26.12 and its 200-day simple moving average is $27.43.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Wednesday, September 15th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Tuesday, September 14th. Huntsman’s dividend payout ratio (DPR) is currently 76.53%.
Huntsman Company Profile
Huntsman Corp. engages in the manufacturing of differentiated organic chemical products. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline, and MTBE.
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