Huntsman Co. (NYSE:HUN) – Equities researchers at Seaport Global Securities cut their FY2018 earnings per share (EPS) estimates for shares of Huntsman in a report issued on Thursday, November 1st. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $3.44 per share for the year, down from their prior forecast of $3.46. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Huntsman’s Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.73 EPS and FY2020 earnings at $3.75 EPS.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.82 by $0.02. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.24 billion. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share.
A number of other equities research analysts also recently issued reports on the company. Citigroup reduced their price target on Huntsman from $30.00 to $25.50 and set a “neutral” rating on the stock in a research report on Friday, November 2nd. Barclays reduced their price target on Huntsman from $29.00 to $22.00 and set an “underweight” rating on the stock in a research report on Thursday, November 1st. Nomura reduced their price target on Huntsman from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. KeyCorp reduced their price target on Huntsman from $42.00 to $36.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 31st. Finally, Alembic Global Advisors set a $40.00 price target on Huntsman and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.58.
Shares of NYSE:HUN opened at $23.23 on Monday. The company has a market cap of $5.58 billion, a P/E ratio of 9.37, 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 debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.88.
In other news, VP David M. Stryker purchased 2,000 shares of the company’s stock in a transaction dated Monday, November 5th. The stock was bought at an average cost of $22.92 per share, for a total transaction of $45,840.00. Following the purchase, the vice president now owns 123,752 shares of the company’s stock, valued at $2,836,395.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David M. Stryker purchased 1,282 shares of the company’s stock in a transaction dated Wednesday, October 31st. The stock was purchased at an average price of $21.55 per share, with a total value of $27,627.10. Following the completion of the purchase, the vice president now directly owns 122,852 shares in the company, valued at approximately $2,647,460.60. The disclosure for this purchase can be found here. Insiders bought a total of 10,782 shares of company stock valued at $234,492 over the last quarter. 10.90% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in HUN. FTB Advisors Inc. bought a new position in Huntsman during the 2nd quarter worth $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Huntsman during the 2nd quarter worth $122,000. Willingdon Wealth Management bought a new position in Huntsman during the 3rd quarter worth $118,000. Stratos Wealth Partners LTD. bought a new position in Huntsman during the 3rd quarter worth $177,000. Finally, Point72 Hong Kong Ltd raised its position in Huntsman by 46.5% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares during the last quarter. Institutional investors own 77.53% of the company’s stock.
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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