Huntsman Co. (NYSE:HUN) – Research analysts at Seaport Global Securities reduced their Q3 2018 earnings per share estimates for Huntsman in a report issued on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $0.79 per share for the quarter, down from their prior forecast of $0.80. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Huntsman’s Q4 2018 earnings at $0.68 EPS, FY2018 earnings at $3.46 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.84 EPS, Q3 2019 earnings at $0.83 EPS, Q4 2019 earnings at $0.79 EPS, FY2019 earnings at $3.22 EPS and FY2020 earnings at $3.61 EPS.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $1.01 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.17. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the company posted $0.59 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis.
A number of other equities analysts also recently issued reports on the company. Nomura lowered their price target on Huntsman from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Monday. Barclays assumed coverage on Huntsman in a report on Monday, October 8th. They issued an “underweight” rating and a $29.00 price target for the company. ValuEngine downgraded Huntsman from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Citigroup downgraded Huntsman from a “buy” rating to a “neutral” rating and lowered their price target for the company from $43.00 to $30.00 in a report on Monday, October 1st. Finally, Morgan Stanley assumed coverage on Huntsman in a report on Tuesday, September 25th. They issued an “equal weight” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.46.
Shares of HUN opened at $22.57 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58. The company has a market capitalization of $6.51 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 0.91 and a beta of 2.70. Huntsman has a 52-week low of $22.50 and a 52-week high of $36.09.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a $0.1625 dividend. This represents a $0.65 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend was Thursday, September 13th. Huntsman’s payout ratio is currently 26.21%.
Several hedge funds have recently bought and sold shares of HUN. Wells Fargo & Company MN boosted its holdings in shares of Huntsman by 66.5% in the second quarter. Wells Fargo & Company MN now owns 5,165,328 shares of the basic materials company’s stock valued at $150,827,000 after acquiring an additional 2,063,494 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Huntsman by 72.9% in the second quarter. Voya Investment Management LLC now owns 4,593,258 shares of the basic materials company’s stock valued at $134,123,000 after acquiring an additional 1,936,410 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings in shares of Huntsman by 1,032.6% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,685,795 shares of the basic materials company’s stock valued at $45,904,000 after acquiring an additional 1,536,953 shares during the period. FMR LLC boosted its holdings in shares of Huntsman by 54.4% in the second quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock valued at $102,722,000 after acquiring an additional 1,239,240 shares during the period. Finally, LSV Asset Management boosted its holdings in shares of Huntsman by 10.9% in the second quarter. LSV Asset Management now owns 11,453,687 shares of the basic materials company’s stock valued at $334,447,000 after acquiring an additional 1,126,895 shares during the period. 77.15% of the stock is owned by institutional investors and hedge funds.
Huntsman Company Profile
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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