Zacks: Analysts Expect Huntsman Corporation (NYSE:HUN) Will Announce Earnings of $0.70 Per Share
Equities analysts predict that Huntsman Corporation (NYSE:HUN) will report earnings per share of $0.70 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Huntsman Corporation’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.56. Huntsman Corporation posted earnings per share of $0.53 during the same quarter last year, which would indicate a positive year over year growth rate of 32.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, July 26th.
On average, analysts expect that Huntsman Corporation will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $1.95 to $2.40. For the next fiscal year, analysts expect that the firm will report earnings of $2.50 per share, with EPS estimates ranging from $2.15 to $2.75. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Huntsman Corporation.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings data on Wednesday, April 26th. The basic materials company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.19. The business had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Huntsman Corporation had a return on equity of 25.96% and a net margin of 3.54%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share.
Several research firms recently weighed in on HUN. BidaskClub downgraded Huntsman Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th. Nomura reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Huntsman Corporation in a research note on Thursday, April 27th. Zacks Investment Research raised Huntsman Corporation from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Tuesday, April 18th. Jefferies Group LLC dropped their price objective on Huntsman Corporation from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, May 22nd. Finally, Citigroup Inc. raised Huntsman Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $24.54 to $28.00 in a research note on Monday, April 3rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Huntsman Corporation has an average rating of “Buy” and an average price target of $27.33.
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In other Huntsman Corporation news, insider Jon M. Huntsman sold 100,000 shares of the stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $25.52, for a total transaction of $2,552,000.00. Following the sale, the insider now owns 498,816 shares in the company, valued at approximately $12,729,784.32. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Randy W. Wright sold 56,675 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $25.76, for a total value of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares in the company, valued at approximately $1,700,752.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 189,637 shares of company stock worth $4,860,720. 19.00% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Comerica Bank boosted its stake in shares of Huntsman Corporation by 10.6% in the fourth quarter. Comerica Bank now owns 47,684 shares of the basic materials company’s stock worth $961,000 after buying an additional 4,568 shares during the period. State Street Corp boosted its stake in shares of Huntsman Corporation by 1.6% in the fourth quarter. State Street Corp now owns 2,703,962 shares of the basic materials company’s stock worth $51,588,000 after buying an additional 43,539 shares during the period. FMR LLC boosted its stake in shares of Huntsman Corporation by 458.1% in the fourth quarter. FMR LLC now owns 892,871 shares of the basic materials company’s stock worth $17,036,000 after buying an additional 732,885 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Huntsman Corporation during the fourth quarter worth approximately $334,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Huntsman Corporation during the fourth quarter worth approximately $1,448,000. Hedge funds and other institutional investors own 72.43% of the company’s stock.
Shares of Huntsman Corporation (HUN) traded up 0.19% during mid-day trading on Wednesday, hitting $26.67. The stock had a trading volume of 237,010 shares. The company has a market cap of $6.39 billion, a PE ratio of 18.62 and a beta of 2.81. Huntsman Corporation has a 52-week low of $13.62 and a 52-week high of $28.20. The stock has a 50 day moving average price of $24.87 and a 200-day moving average price of $22.77.
The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Tuesday, June 13th. Huntsman Corporation’s dividend payout ratio (DPR) is presently 34.97%.
About Huntsman Corporation
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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