Analysts Expect Huntsman Corporation (HUN) to Announce $0.63 EPS
Equities research analysts predict that Huntsman Corporation (NYSE:HUN) will report earnings of $0.63 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Huntsman’s earnings, with estimates ranging from $0.61 to $0.65. Huntsman reported earnings of $0.30 per share during the same quarter last year, which would indicate a positive year over year growth rate of 110%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Huntsman will report full year earnings of $2.72 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.75. For the next financial year, analysts forecast that the company will report earnings of $2.22 per share, with EPS estimates ranging from $1.85 to $2.54. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover Huntsman.
Huntsman (NYSE:HUN) last posted its quarterly earnings data on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.17. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS.
Huntsman (NYSE:HUN) traded up $0.62 on Tuesday, reaching $31.07. 3,153,800 shares of the company’s stock traded hands, compared to its average volume of 3,668,196. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. The firm has a market cap of $7,308.25, a PE ratio of 12.74, a PEG ratio of 1.41 and a beta of 2.85. Huntsman has a 52-week low of $18.93 and a 52-week high of $32.59.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, December 14th. Huntsman’s dividend payout ratio is 23.47%.
In other news, VP J Kimo Esplin sold 428,571 shares of Huntsman stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $31.54, for a total transaction of $13,517,129.34. Following the completion of the sale, the vice president now owns 925,271 shares in the company, valued at approximately $29,183,047.34. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alvin V. Shoemaker sold 38,009 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $31.28, for a total transaction of $1,188,921.52. Following the transaction, the director now owns 37,227 shares of the company’s stock, valued at approximately $1,164,460.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,061,783 shares of company stock valued at $512,316,794. 19.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HUN. Mckinley Capital Management LLC Delaware acquired a new position in Huntsman during the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd acquired a new position in Huntsman during the second quarter valued at approximately $109,000. Assetmark Inc. grew its holdings in Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after purchasing an additional 3,748 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in Huntsman by 0.4% during 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 purchasing an additional 24 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 610 shares during the period. Hedge funds and other institutional investors own 75.47% of the company’s stock.
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Huntsman 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.
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