Zacks: Analysts Expect Huntsman Co. (HUN) to Post $0.61 EPS

Brokerages expect Huntsman Co. (NYSE:HUN) to announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Huntsman’s earnings, with estimates ranging from $0.54 to $0.68. Huntsman reported earnings per share of $0.76 in the same quarter last year, which would indicate a negative year over year growth rate of 19.7%. The business is expected to report its next quarterly earnings results on Friday, February 22nd.

On average, analysts expect that Huntsman will report full year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.35 to $3.50. For the next fiscal year, analysts expect that the business will post earnings of $3.39 per share, with EPS estimates ranging from $3.12 to $3.80. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Huntsman.

Huntsman (NYSE:HUN) last announced its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The firm’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share.

Several brokerages have commented on HUN. Zacks Investment Research lowered shares of Huntsman from a “buy” rating to a “hold” rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of Huntsman from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. Alembic Global Advisors set a $40.00 price target on shares of Huntsman and gave the company a “buy” rating in a research note on Tuesday, October 30th. Royal Bank of Canada began coverage on shares of Huntsman in a research note on Wednesday, July 18th. They issued an “outperform” rating and a $37.00 price target on the stock. Finally, Nomura dropped their price target on shares of Huntsman from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $34.58.

In other Huntsman news, VP David M. Stryker bought 2,000 shares of the stock in a transaction dated Monday, November 5th. The shares were acquired at an average cost of $22.92 per share, for a total transaction of $45,840.00. Following the completion of the transaction, the vice president now owns 123,752 shares in the company, valued at approximately $2,836,395.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Sean Douglas bought 7,500 shares of the stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average price of $21.47 per share, for a total transaction of $161,025.00. Following the completion of the transaction, the chief financial officer now owns 77,595 shares of the company’s stock, valued at approximately $1,665,964.65. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 10,782 shares of company stock worth $234,492. Insiders own 19.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Trexquant Investment LP grew its position in shares of Huntsman by 110.3% during the third quarter. Trexquant Investment LP now owns 108,593 shares of the basic materials company’s stock worth $2,957,000 after acquiring an additional 56,947 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Huntsman by 49.8% during the third quarter. CIBC World Markets Inc. now owns 78,085 shares of the basic materials company’s stock worth $2,126,000 after acquiring an additional 25,976 shares during the last quarter. BlackRock Inc. grew its position in shares of Huntsman by 2.2% during the third quarter. BlackRock Inc. now owns 14,399,886 shares of the basic materials company’s stock worth $392,110,000 after acquiring an additional 314,967 shares during the last quarter. River Wealth Advisors LLC grew its position in shares of Huntsman by 3.2% during the third quarter. River Wealth Advisors LLC now owns 119,007 shares of the basic materials company’s stock worth $3,241,000 after acquiring an additional 3,738 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Huntsman by 11.0% during the third quarter. Bank of New York Mellon Corp now owns 8,562,294 shares of the basic materials company’s stock worth $233,151,000 after acquiring an additional 848,431 shares during the last quarter. Institutional investors and hedge funds own 77.53% of the company’s stock.

Huntsman stock traded down $0.96 during mid-day trading on Friday, hitting $22.19. The company had a trading volume of 3,023,335 shares, compared to its average volume of 4,158,145. The firm has a market capitalization of $5.64 billion, a P/E ratio of 8.95, a P/E/G ratio of 0.81 and a beta of 2.67. Huntsman has a 1 year low of $19.26 and a 1 year high of $36.09. The company has a quick ratio of 1.51, a current ratio of 1.88 and a debt-to-equity ratio of 0.57.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.93%. Huntsman’s dividend payout ratio (DPR) is presently 26.21%.

About Huntsman

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.

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