Zacks: Analysts Anticipate Huntsman Co. (HUN) to Post $0.64 EPS
Wall Street brokerages forecast that Huntsman Co. (NYSE:HUN) will report $0.64 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntsman’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.61. 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 113.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 21st.
On average, analysts expect that Huntsman will report full-year earnings of $2.66 per share for the current year, with EPS estimates ranging from $2.35 to $2.79. For the next financial year, analysts expect that the company will report earnings of $2.49 per share, with EPS estimates ranging from $1.85 to $2.91. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Huntsman.
Huntsman (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.
In related news, major shareholder Corp Huntsman sold 1,948,955 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Monte G. Edlund sold 21,493 shares of the firm’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 transaction of $687,561.07. Following the completion of the sale, the insider now owns 75,771 shares in the company, valued at approximately $2,423,914.29. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,210,738 shares of company stock worth $561,179,159. Corporate insiders own 19.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Huntsman by 6.9% in the second quarter. Vanguard Group Inc. now owns 23,571,578 shares of the basic materials company’s stock worth $609,090,000 after purchasing an additional 1,528,072 shares during the last quarter. BlackRock Inc. boosted its holdings in Huntsman by 9.2% in the second quarter. BlackRock Inc. now owns 11,181,244 shares of the basic materials company’s stock worth $288,925,000 after purchasing an additional 939,083 shares during the last quarter. CNH Partners LLC bought a new position in Huntsman in the second quarter worth approximately $173,105,000. Principal Financial Group Inc. raised its position in Huntsman by 20.4% in the third quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock worth $158,832,000 after acquiring an additional 983,408 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Huntsman by 1.4% in the third quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock worth $149,566,000 after acquiring an additional 75,590 shares during the period. Institutional investors own 75.45% of the company’s stock.
Huntsman (NYSE:HUN) opened at $34.56 on Monday. Huntsman has a one year low of $19.52 and a one year high of $35.00. The firm has a market cap of $8,294.68, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.73 and a beta of 2.85. 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 also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, December 14th. Huntsman’s payout ratio is 23.47%.
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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