Huntsman Co. (NYSE:HUN) – Stock analysts at Seaport Global Securities decreased their Q2 2019 EPS estimates for shares of Huntsman in a research report issued to clients and investors on Wednesday, June 26th, Zacks Investment Research reports. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings of $0.60 per share for the quarter, down from their previous forecast of $0.65. Seaport Global Securities also issued estimates for Huntsman’s Q3 2019 earnings at $0.75 EPS, FY2019 earnings at $2.55 EPS, Q1 2020 earnings at $0.64 EPS, Q2 2020 earnings at $0.78 EPS, Q3 2020 earnings at $0.91 EPS and FY2020 earnings at $3.20 EPS.
Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. KeyCorp cut Steris from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. They noted that the move was a valuation call. Jefferies Financial Group cut their target price on Huntsman from $33.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, June 17th. Citigroup set a $12.00 target price on Controladora Vuela Co Avcn SA CV and gave the company a “buy” rating in a research note on Monday. Finally, Goldman Sachs Group upgraded MICHELIN COMPAG/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 9th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $27.90.
Huntsman (NYSE:HUN) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.12 billion. Huntsman had a net margin of 2.00% and a return on equity of 19.90%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share.
Several institutional investors and hedge funds have recently made changes to their positions in HUN. Vanguard Group Inc boosted its holdings in Huntsman by 1.3% in the third quarter. Vanguard Group Inc now owns 23,641,404 shares of the basic materials company’s stock worth $643,755,000 after purchasing an additional 314,873 shares during the period. Rhumbline Advisers boosted its holdings in Huntsman by 2.4% in the fourth quarter. Rhumbline Advisers now owns 207,832 shares of the basic materials company’s stock worth $4,009,000 after purchasing an additional 4,808 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Huntsman by 5.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 13,549 shares of the basic materials company’s stock worth $261,000 after purchasing an additional 677 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in Huntsman by 38.9% in the fourth quarter. Virginia Retirement Systems ET AL now owns 23,200 shares of the basic materials company’s stock worth $448,000 after purchasing an additional 6,500 shares during the period. Finally, First Trust Advisors LP boosted its holdings in Huntsman by 8.4% in the fourth quarter. First Trust Advisors LP now owns 311,304 shares of the basic materials company’s stock worth $6,005,000 after purchasing an additional 24,009 shares during the period. 76.18% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Scott J. Wright bought 4,950 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average cost of $20.22 per share, for a total transaction of $100,089.00. Following the purchase, the insider now directly owns 33,922 shares of the company’s stock, valued at $685,902.84. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David M. Stryker bought 2,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $19.01 per share, for a total transaction of $38,020.00. Following the completion of the purchase, the vice president now directly owns 179,930 shares in the company, valued at $3,420,469.30. The disclosure for this purchase can be found here. Insiders have bought 7,950 shares of company stock valued at $157,729 over the last quarter. Company insiders own 5.60% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.1625 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 3.14%. Huntsman’s payout ratio is 19.46%.
Huntsman Company Profile
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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