Equities analysts expect that Huntsman Co. (NYSE:HUN) will post sales of $2.10 billion for the current fiscal quarter, Zacks reports. Three analysts have provided 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 in the same quarter last year, which would suggest a negative year over year growth rate of 12.5%. The firm is expected to announce its next earnings results before the market opens on Friday, February 23rd.
According to Zacks, analysts expect that Huntsman will report full-year sales of $2.10 billion for the current year, with estimates ranging from $8.22 billion to $9.38 billion. For the next fiscal year, analysts expect that the business will report sales of $8.56 billion per share, with estimates ranging from $8.21 billion to $8.75 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Huntsman.
HUN has been the topic of several recent analyst reports. ValuEngine downgraded shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Alembic Global Advisors reaffirmed a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. Goldman Sachs Group reaffirmed a “hold” rating and issued a $36.00 price target on shares of Huntsman in a research note on Monday, December 4th. JPMorgan Chase & Co. initiated coverage on shares of Huntsman in a research note on Wednesday, December 13th. They issued an “overweight” rating and a $36.00 price target on the stock. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $32.00 price target on shares of Huntsman in a research note on Friday, October 27th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Huntsman presently has a consensus rating of “Buy” and an average price target of $34.00.
Huntsman (HUN) traded up $1.19 during trading on Friday, hitting $32.67. 4,880,000 shares of the stock traded hands, compared to its average volume of 2,480,000. The company has a market cap of $7,840.00, a price-to-earnings ratio of 18.99, a PEG ratio of 1.49 and a beta of 2.76. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10. Huntsman has a 12-month low of $19.68 and a 12-month high of $36.09.
In other Huntsman news, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Anthony P. Hankins sold 100,000 shares of the firm’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $33.24, for a total transaction of $3,324,000.00. Following the transaction, the chief executive officer now directly owns 462,615 shares in the company, valued at approximately $15,377,322.60. The disclosure for this sale can be found here. Insiders sold a total of 24,159,055 shares of company stock worth $527,888,744 in the last ninety days. 19.00% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. PNC Financial Services Group Inc. increased its position in Huntsman by 0.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 192 shares during the period. UBS Asset Management Americas Inc. increased its position in Huntsman by 19.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 342,713 shares of the basic materials company’s stock valued at $8,856,000 after purchasing an additional 55,220 shares during the period. Northern Trust Corp increased its position in Huntsman by 6.4% during the 2nd quarter. Northern Trust Corp now owns 1,134,652 shares of the basic materials company’s stock valued at $29,320,000 after purchasing an additional 68,456 shares during the period. FMR LLC increased its position in Huntsman by 35.5% during the 2nd quarter. FMR LLC now owns 1,340,699 shares of the basic materials company’s stock valued at $34,643,000 after purchasing an additional 351,047 shares during the period. Finally, M&T Bank Corp increased its position in Huntsman by 10.9% during the 2nd quarter. M&T Bank Corp now owns 12,692 shares of the basic materials company’s stock valued at $329,000 after purchasing an additional 1,249 shares during the period. 75.54% of the stock is currently owned by institutional investors and hedge funds.
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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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