$2.10 Billion in Sales Expected for Huntsman Co. (HUN) This Quarter
Analysts expect Huntsman Co. (NYSE:HUN) to announce sales of $2.10 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Huntsman’s earnings. The lowest sales estimate is $2.07 billion and the highest is $2.13 billion. Huntsman reported sales of $2.40 billion during the same quarter last year, which indicates a negative year over year growth rate of 12.5%. The company is scheduled to report its next earnings report on Wednesday, February 21st.
According to Zacks, analysts expect that Huntsman will report full-year sales of $2.10 billion for the current fiscal year, with estimates ranging from $8.22 billion to $9.38 billion. For the next fiscal year, analysts anticipate that the business will post sales of $8.46 billion per share, with estimates ranging from $8.09 billion to $8.75 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Huntsman.
Huntsman (NYSE:HUN) last issued its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the 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 firm had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the business earned $0.38 earnings per share. Huntsman’s revenue for the quarter was up 18.5% compared to the same quarter last year.
Shares of Huntsman (HUN) traded down $0.55 during trading on Wednesday, reaching $34.01. 1,949,800 shares of the company’s stock traded hands, compared to its average volume of 2,333,930. The company has a current ratio of 1.87, a quick ratio of 1.52 and a debt-to-equity ratio of 1.10. Huntsman has a 12-month low of $19.52 and a 12-month high of $35.00. The company has a market capitalization of $8,200.00, a PE ratio of 19.77, a PEG ratio of 1.73 and a beta of 2.84.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 1.47%. Huntsman’s payout ratio is presently 29.07%.
In other Huntsman news, major shareholder Corp Huntsman sold 21,764,800 shares of Huntsman stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $21.66, for a total transaction of $471,425,568.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Jon M. Huntsman sold 383,610 shares of Huntsman stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $31.58, for a total value of $12,114,403.80. Following the transaction, the chairman now directly owns 115,206 shares in the company, valued at approximately $3,638,205.48. The disclosure for this sale can be found here. In the last 90 days, 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 large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in shares of Huntsman by 58.6% in the 2nd quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after buying an additional 147,090 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Huntsman by 20.4% in the 3rd quarter. Principal Financial Group Inc. now owns 5,792,566 shares of the basic materials company’s stock valued at $158,832,000 after buying an additional 983,408 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Huntsman in the 3rd quarter valued at approximately $269,000. JPMorgan Chase & Co. grew its stake in shares of Huntsman by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,466,615 shares of the basic materials company’s stock valued at $149,566,000 after buying an additional 75,590 shares in the last quarter. Finally, IndexIQ Advisors LLC grew its stake in shares of Huntsman by 20.5% in the 3rd quarter. IndexIQ Advisors LLC now owns 944,235 shares of the basic materials company’s stock valued at $25,891,000 after buying an additional 160,547 shares in the last quarter. 75.45% of the stock is currently owned by institutional investors.
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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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