Huntsman Co. (HUN) Expected to Post Earnings of $0.61 Per Share

Wall Street analysts forecast that Huntsman Co. (NYSE:HUN) will report $0.61 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Huntsman’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.68. Huntsman reported earnings per share of $0.76 in the same quarter last year, which indicates a negative year over year growth rate of 19.7%. The business is scheduled to issue its next quarterly earnings results on Friday, February 22nd.

According to Zacks, 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 company will report earnings of $3.39 per share, with EPS estimates ranging from $3.12 to $3.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Huntsman.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $2.44 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share.

HUN has been the subject of a number of research analyst reports. ValuEngine lowered shares of Huntsman from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Citigroup lowered shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $30.00 in a research report on Monday, October 1st. Morgan Stanley initiated coverage on shares of Huntsman in a research report on Tuesday, September 25th. They issued an “equal weight” rating and a $30.00 price target for the company. Barclays initiated coverage on shares of Huntsman in a research report on Monday, October 8th. They issued an “underweight” rating and a $29.00 price target for the company. Finally, MED reissued a “buy” rating on shares of Huntsman in a research report on Monday, September 17th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $34.58.

In other Huntsman news, CFO Sean Douglas acquired 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The shares were purchased at an average price of $21.47 per share, with a total value of $161,025.00. Following the completion of the transaction, the chief financial officer now owns 77,595 shares in the company, valued at $1,665,964.65. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, insider Rohit Aggarwal sold 7,321 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $23.50, for a total transaction of $172,043.50. Following the transaction, the insider now directly owns 33,646 shares in the company, valued at approximately $790,681. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 10,782 shares of company stock worth $234,492. Insiders own 19.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HUN. FTB Advisors Inc. acquired a new position in Huntsman during the second quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Huntsman during the second quarter valued at approximately $122,000. Willingdon Wealth Management acquired a new position in Huntsman during the third quarter valued at approximately $118,000. Stratos Wealth Partners LTD. acquired a new position in Huntsman during the third quarter valued at approximately $177,000. Finally, Point72 Hong Kong Ltd grew its holdings in Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock valued at $206,000 after purchasing an additional 2,235 shares during the last quarter. 78.08% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HUN traded down $0.74 during mid-day trading on Friday, reaching $20.98. The company had a trading volume of 3,101,731 shares, compared to its average volume of 4,149,185. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.88 and a quick ratio of 1.51. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 0.75 and a beta of 2.67. Huntsman has a 12-month low of $19.26 and a 12-month high of $36.09.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 3.10%. The ex-dividend date is Thursday, December 13th. Huntsman’s payout ratio 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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