Wall Street analysts expect Huntsman Co. (NYSE:HUN) to report earnings per share (EPS) of $0.77 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Huntsman’s earnings. The lowest EPS estimate is $0.75 and the highest is $0.80. Huntsman reported earnings of $0.57 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 35.1%. The business is scheduled to report its next earnings report before the market opens on Tuesday, May 1st.
On average, analysts expect that Huntsman will report full-year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.75 to $2.91. For the next fiscal year, analysts expect that the business will post earnings of $3.14 per share, with EPS estimates ranging from $2.90 to $3.57. Zacks’ EPS averages are an average based on a survey of analysts that cover Huntsman.
Huntsman (NYSE:HUN) last released its earnings results on Friday, February 23rd. The basic materials company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.10. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. Huntsman’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS.
Several research analysts have commented on HUN shares. Jefferies Group raised their target price on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a report on Friday, January 26th. ValuEngine cut shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 17th. KeyCorp lifted their target price on shares of Huntsman from $37.00 to $42.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Nomura lowered shares of Huntsman from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $36.00 in a research report on Tuesday, March 20th. Finally, Instinet reissued a “neutral” rating on shares of Huntsman in a research report on Tuesday, March 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Huntsman has an average rating of “Buy” and an average target price of $35.54.
Shares of HUN remained flat at $$29.83 during mid-day trading on Tuesday. 2,353,039 shares of the stock traded hands, compared to its average volume of 3,045,593. The firm has a market cap of $7,210.47, a PE ratio of 12.03, a P/E/G ratio of 1.29 and a beta of 2.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.83 and a quick ratio of 1.50. Huntsman has a 12 month low of $23.12 and a 12 month high of $36.09.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, March 14th. This is an increase from Huntsman’s previous quarterly dividend of $0.13. Huntsman’s dividend payout ratio is presently 26.21%.
Huntsman announced that its Board of Directors has initiated a stock repurchase plan on Friday, February 23rd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the basic materials company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
In other Huntsman news, insider Monte G. Edlund sold 2,000 shares of the stock in a transaction on Saturday, February 17th. The stock was sold at an average price of $21.40, for a total transaction of $42,800.00. Following the transaction, the insider now owns 52,696 shares in the company, valued at approximately $1,127,694.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 19.00% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in HUN. Cerebellum GP LLC acquired a new stake in shares of Huntsman during the fourth quarter valued at about $128,000. Kohmann Bosshard Financial Services LLC bought a new stake in Huntsman in the fourth quarter worth approximately $133,000. American International Group Inc. bought a new stake in Huntsman in the fourth quarter worth approximately $149,000. Jump Trading LLC bought a new stake in Huntsman in the fourth quarter worth approximately $205,000. Finally, MML Investors Services LLC bought a new stake in Huntsman in the fourth quarter worth approximately $208,000. 75.95% of the stock is currently owned by institutional investors and hedge funds.
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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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