FY2017 EPS Estimates for Huntsman Corporation (HUN) Increased by KeyCorp

Huntsman Corporation (NYSE:HUN) – KeyCorp lifted their FY2017 earnings per share estimates for shares of Huntsman in a report issued on Sunday. KeyCorp analyst M. Sison now anticipates that the basic materials company will post earnings per share of $2.70 for the year, up from their previous forecast of $2.60. KeyCorp has a “Buy” rating and a $34.00 price objective on the stock. KeyCorp also issued estimates for Huntsman’s Q4 2017 earnings at $0.61 EPS.

Other equities research analysts have also issued reports about the company. Instinet reiterated a “buy” rating and set a $34.00 price objective (up from $30.00) on shares of Huntsman in a research note on Wednesday, September 20th. Nomura boosted their price objective on Huntsman from $30.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. UBS boosted their price objective on Huntsman from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. Finally, SunTrust Banks reiterated a “buy” rating and set a $32.00 price objective on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Huntsman currently has a consensus rating of “Buy” and a consensus target price of $32.73.

Shares of Huntsman (HUN) opened at $31.07 on Tuesday. Huntsman has a 52 week low of $18.93 and a 52 week high of $32.59. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $7,308.25, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 1.41 and a beta of 2.85.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.17. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business earned $0.38 EPS. Huntsman’s revenue for the quarter was up 18.5% compared to the same quarter last year.

The business 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 $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.61%. Huntsman’s dividend payout ratio (DPR) is presently 23.47%.

In other news, insider Monte G. Edlund sold 21,493 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $31.99, for a total value of $687,561.07. Following the completion of the sale, the insider now directly owns 75,771 shares in the company, valued at $2,423,914.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary C. Beckerle sold 4,507 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The disclosure for this sale can be found here. Insiders sold 23,061,783 shares of company stock valued at $512,316,794 over the last 90 days. Company insiders own 19.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware acquired a new position in Huntsman in the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd acquired a new position in Huntsman in the second quarter valued at approximately $109,000. Assetmark Inc. lifted its holdings in Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 3,748 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Huntsman 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 acquiring an additional 24 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Huntsman by 9.1% in 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 acquiring an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 75.47% of the company’s stock.

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About Huntsman

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 (NYSE:HUN)

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