$1.45 Billion in Sales Expected for Huntsman Co. (NYSE:HUN) This Quarter

Wall Street brokerages expect that Huntsman Co. (NYSE:HUN) will post $1.45 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Huntsman’s earnings. The lowest sales estimate is $1.36 billion and the highest is $1.51 billion. Huntsman posted sales of $1.69 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.2%. The company is expected to issue its next earnings report on Friday, October 23rd.

According to Zacks, analysts expect that Huntsman will report full-year sales of $5.72 billion for the current fiscal year, with estimates ranging from $5.18 billion to $6.08 billion. For the next year, analysts anticipate that the company will post sales of $6.53 billion, with estimates ranging from $5.86 billion to $6.93 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Huntsman.

Huntsman (NYSE:HUN) last posted its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. Huntsman had a return on equity of 6.41% and a net margin of 15.78%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.13 billion. During the same quarter last year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was down 43.2% compared to the same quarter last year.

HUN has been the subject of a number of recent analyst reports. KeyCorp upped their price target on Huntsman from $23.00 to $29.00 and gave the company an “overweight” rating in a research note on Wednesday, September 9th. Morgan Stanley raised shares of Huntsman from an “equal weight” rating to an “overweight” rating and set a $26.00 target price for the company in a research note on Tuesday. Seaport Global Securities cut shares of Huntsman from a “buy” rating to a “neutral” rating in a research report on Friday, June 19th. JPMorgan Chase & Co. boosted their price target on shares of Huntsman from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Finally, Truist raised their price objective on Huntsman from $25.00 to $26.00 in a research note on Wednesday, September 9th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.17.

Several hedge funds have recently modified their holdings of HUN. Private Advisor Group LLC bought a new position in Huntsman during the second quarter worth about $27,000. Twin Tree Management LP acquired a new stake in shares of Huntsman in the second quarter valued at approximately $43,000. WASHINGTON TRUST Co acquired a new stake in shares of Huntsman in the second quarter valued at approximately $46,000. Cerebellum GP LLC bought a new position in shares of Huntsman during the 2nd quarter worth approximately $128,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Huntsman by 39.6% during the 2nd quarter. First Mercantile Trust Co. now owns 7,113 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 2,017 shares during the last quarter. 75.43% of the stock is currently owned by institutional investors.

NYSE:HUN traded down $0.16 during mid-day trading on Monday, hitting $22.05. The company had a trading volume of 1,321,602 shares, compared to its average volume of 2,139,867. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.09 and a current ratio of 1.53. Huntsman has a fifty-two week low of $12.23 and a fifty-two week high of $24.90. The firm has a market cap of $4.90 billion, a P/E ratio of 5.07, a P/E/G ratio of 7.83 and a beta of 2.08. The business’s fifty day moving average is $22.01 and its two-hundred day moving average is $18.27.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date was Monday, September 14th. Huntsman’s dividend payout ratio (DPR) is presently 42.48%.

About Huntsman

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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Earnings History and Estimates for Huntsman (NYSE:HUN)

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