Brokerages Expect Huntsman Co. (NYSE:HUN) to Post -$0.20 EPS

Wall Street brokerages expect Huntsman Co. (NYSE:HUN) to report earnings per share of ($0.20) for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Huntsman’s earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.27). Huntsman posted earnings of $0.41 per share in the same quarter last year, which would suggest a negative year over year growth rate of 148.8%. The business is expected to report its next earnings results on Friday, October 23rd.

On average, analysts expect that Huntsman will report full-year earnings of $0.63 per share for the current year, with EPS estimates ranging from $0.47 to $0.80. For the next financial year, analysts forecast that the company will report earnings of $1.48 per share, with EPS estimates ranging from $1.10 to $1.70. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Huntsman.

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

A number of analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Huntsman in a report on Wednesday, September 16th. They set a “buy” rating and a $29.00 target price on the stock. Scotiabank upped their price target on shares of Huntsman from $21.00 to $22.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 29th. Barclays raised Huntsman from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $18.00 to $23.00 in a research note on Monday. Truist upped their target price on Huntsman from $25.00 to $26.00 in a research note on Wednesday, September 9th. Finally, Morgan Stanley upgraded Huntsman from an “equal weight” rating to an “overweight” rating and set a $26.00 price target for the company in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Huntsman has a consensus rating of “Buy” and an average target price of $22.17.

Shares of Huntsman stock traded down $0.16 on Friday, reaching $22.05. The stock had a trading volume of 1,321,602 shares, compared to its average volume of 2,139,867. The business’s 50 day moving average is $22.01 and its two-hundred day moving average is $18.27. The company has a current ratio of 1.53, a quick ratio of 1.09 and a debt-to-equity ratio of 0.46. Huntsman has a 1 year low of $12.23 and a 1 year high of $24.90. The company has a market cap of $4.90 billion, a P/E ratio of 5.07, a price-to-earnings-growth ratio of 7.83 and a beta of 2.08.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 2.95%. The ex-dividend date was Monday, September 14th. Huntsman’s dividend payout ratio is presently 42.48%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its position in Huntsman by 33.2% during the 1st quarter. Rhumbline Advisers now owns 238,151 shares of the basic materials company’s stock worth $3,437,000 after acquiring an additional 59,319 shares during the last quarter. State Street Corp grew its holdings in shares of Huntsman by 2.9% in the first quarter. State Street Corp now owns 3,145,144 shares of the basic materials company’s stock worth $45,384,000 after purchasing an additional 89,272 shares during the last quarter. Ensign Peak Advisors Inc increased its stake in shares of Huntsman by 82.4% in the first quarter. Ensign Peak Advisors Inc now owns 505,418 shares of the basic materials company’s stock worth $7,293,000 after buying an additional 228,324 shares during the period. Commonwealth Equity Services LLC purchased a new position in shares of Huntsman in the first quarter worth $151,000. Finally, Virginia Retirement Systems ET AL raised its holdings in Huntsman by 16.9% during the 1st quarter. Virginia Retirement Systems ET AL now owns 55,200 shares of the basic materials company’s stock valued at $797,000 after buying an additional 8,000 shares during the last quarter. Institutional investors and hedge funds own 75.43% of the company’s stock.

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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