Huntsman Corporation (NYSE:HUN) – Equities research analysts at SunTrust Banks increased their FY2018 earnings per share (EPS) estimates for Huntsman Corporation in a research note issued on Thursday. SunTrust Banks analyst J. Sheehan now forecasts that the basic materials company will post earnings of $2.71 per share for the year, up from their previous estimate of $2.68.

Huntsman Corporation (NYSE:HUN) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year.

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HUN has been the topic of several other reports. KeyCorp raised Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Monday, July 24th. BidaskClub lowered Huntsman Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. ValuEngine raised Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 3rd. Alembic Global Advisors set a $28.00 price objective on Huntsman Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Huntsman Corporation in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.67.

Shares of Huntsman Corporation (NYSE HUN) opened at 25.15 on Monday. The stock’s 50 day moving average is $26.29 and its 200-day moving average is $24.18. The stock has a market cap of $6.04 billion, a price-to-earnings ratio of 14.26 and a beta of 2.81. Huntsman Corporation has a 12-month low of $14.16 and a 12-month high of $28.30.

A number of institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares during the period. Synovus Financial Corp raised its position in Huntsman Corporation by 0.7% in the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock valued at $234,000 after buying an additional 62 shares during the period. Utah Retirement Systems raised its position in Huntsman Corporation by 0.3% in the first quarter. Utah Retirement Systems now owns 36,137 shares of the basic materials company’s stock valued at $887,000 after buying an additional 100 shares during the period. New York State Teachers Retirement System raised its position in Huntsman Corporation by 0.6% in the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in Huntsman Corporation by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after buying an additional 192 shares during the period. 72.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Sean Douglas purchased 2,500 shares of Huntsman Corporation stock in a transaction that occurred on Wednesday, May 31st. The shares were purchased at an average cost of $23.74 per share, with a total value of $59,350.00. Following the transaction, the chief financial officer now owns 66,996 shares of the company’s stock, valued at approximately $1,590,485.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Randy W. Wright sold 56,675 shares of the business’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the transaction, the vice president now directly owns 66,023 shares in the company, valued at $1,700,752.48. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.

Huntsman Corporation Company Profile

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

Earnings History and Estimates for Huntsman Corporation (NYSE:HUN)

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