Huntsman Co. Expected to Earn FY2017 Earnings of $2.81 Per Share (HUN)

Huntsman Co. (NYSE:HUN) – Equities researchers at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for Huntsman in a research report issued on Thursday. SunTrust Banks analyst J. Sheehan now anticipates that the basic materials company will post earnings per share of $2.81 for the year, up from their prior forecast of $2.79. SunTrust Banks currently has a “Buy” rating and a $32.00 target price on the stock. SunTrust Banks also issued estimates for Huntsman’s Q4 2017 earnings at $0.71 EPS.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company 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 firm posted $0.38 EPS. The firm’s quarterly revenue was up 18.5% on a year-over-year basis.

HUN has been the subject of a number of other research reports. ValuEngine lowered Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 15th. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research report on Monday, November 6th. Goldman Sachs Group reiterated a “hold” rating and set a $36.00 price target on shares of Huntsman in a research report on Monday, December 4th. JPMorgan Chase & Co. began coverage on Huntsman in a research report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 price target for the company. Finally, Zacks Investment Research upgraded Huntsman from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Wednesday, October 11th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $34.00.

Huntsman (NYSE HUN) opened at $35.29 on Monday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman has a 12-month low of $19.68 and a 12-month high of $36.09. The stock has a market capitalization of $8,470.00, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 1.75 and a beta of 2.84.

In other news, CEO Anthony P. Hankins sold 100,000 shares of the business’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $33.24, for a total value of $3,324,000.00. Following the sale, the chief executive officer now owns 462,615 shares of the company’s stock, valued at approximately $15,377,322.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The disclosure for this sale can be found here. Insiders sold a total of 24,398,557 shares of company stock worth $535,547,626 in the last three months. Company insiders own 19.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Huntsman during the fourth quarter worth $4,277,000. Cerebellum GP LLC acquired a new stake in shares of Huntsman during the fourth quarter worth $128,000. Hennessy Advisors Inc. acquired a new stake in shares of Huntsman during the fourth quarter worth $32,045,000. James Investment Research Inc. raised its position in shares of Huntsman by 113.9% during the fourth quarter. James Investment Research Inc. now owns 168,403 shares of the basic materials company’s stock worth $5,606,000 after purchasing an additional 89,658 shares during the period. Finally, Regentatlantic Capital LLC raised its position in shares of Huntsman by 140.7% during the fourth quarter. Regentatlantic Capital LLC now owns 20,808 shares of the basic materials company’s stock worth $693,000 after purchasing an additional 12,165 shares during the period. 75.78% 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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