Wall Street brokerages expect Huntsman Co. (NYSE:HUN) to report sales of $1.58 billion for the current quarter, Zacks reports. Three analysts have made estimates for Huntsman’s earnings, with the highest sales estimate coming in at $1.63 billion and the lowest estimate coming in at $1.56 billion. Huntsman reported sales of $2.24 billion in the same quarter last year, which indicates a negative year over year growth rate of 29.5%. The company is scheduled to announce its next earnings results on Tuesday, February 11th.
According to Zacks, analysts expect that Huntsman will report full-year sales of $7.33 billion for the current fiscal year, with estimates ranging from $6.70 billion to $7.60 billion. For the next fiscal year, analysts expect that the company will report sales of $6.89 billion, with estimates ranging from $6.70 billion to $7.03 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Huntsman.
Huntsman (NYSE:HUN) last released its earnings results on Friday, October 25th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Huntsman had a positive return on equity of 17.06% and a negative net margin of 0.99%. The company had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business posted $0.84 earnings per share. Huntsman’s revenue was down 14.3% on a year-over-year basis.
HUN has been the subject of several research reports. UBS Group boosted their price objective on shares of Huntsman from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group raised Huntsman from a “buy” rating to a “conviction-buy” rating and cut their target price for the stock from $29.00 to $23.21 in a research report on Monday, November 18th. ValuEngine upgraded Huntsman from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. SunTrust Banks lowered their price target on Huntsman to $29.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, BNP Paribas lowered Huntsman from an “outperform” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Huntsman currently has a consensus rating of “Buy” and an average price target of $25.60.
NYSE:HUN opened at $22.34 on Friday. The company has a market cap of $5.13 billion, a P/E ratio of 6.69, a P/E/G ratio of 1.83 and a beta of 2.32. The firm’s 50 day moving average is $23.05 and its two-hundred day moving average is $21.06. Huntsman has a fifty-two week low of $17.33 and a fifty-two week high of $25.66. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1625 per share. The ex-dividend date is Thursday, December 12th. This represents a $0.65 annualized dividend and a dividend yield of 2.91%. Huntsman’s payout ratio is 19.46%.
A number of institutional investors have recently made changes to their positions in the stock. Usca Ria LLC purchased a new position in Huntsman in the third quarter valued at about $35,000. Covington Capital Management acquired a new stake in shares of Huntsman in the third quarter valued at about $41,000. Parkside Financial Bank & Trust raised its holdings in shares of Huntsman by 547.4% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,897 shares of the basic materials company’s stock valued at $44,000 after buying an additional 1,604 shares during the period. Howe & Rusling Inc. raised its holdings in shares of Huntsman by 856.2% during the 3rd quarter. Howe & Rusling Inc. now owns 2,792 shares of the basic materials company’s stock valued at $65,000 after buying an additional 2,500 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Huntsman by 54.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,566 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 1,261 shares in the last quarter. 73.05% of the stock is owned by hedge funds and other institutional investors.
Huntsman Corporation 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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