Huntsman Corporation (HUN) Earning Somewhat Positive News Coverage, Report Finds
News headlines about Huntsman Corporation (NYSE:HUN) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntsman Corporation earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned media headlines about the basic materials company an impact score of 46.3557489790708 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Watch for Huntsman Corp to Potentially Pullback After Gaining 1.52% Yesterday (mysmartrend.com)
- Global Microcellular Polyurethane Foam Market 2017 – Huntsman Corporation, Evonik Industries, 3M, Inoac Corporation (sbwire.com)
- SmarTrend Watching for Potential Pullback in Shares of Huntsman Corp After 1.40% Gain (mysmartrend.com)
- Huntsman Corp. breached its 50 day moving average in a Bullish Manner : HUN-US : August 23, 2017 (finance.yahoo.com)
- $2.19 Billion in Sales Expected for Huntsman Corporation (HUN) This Quarter (americanbankingnews.com)
HUN has been the subject of several research analyst reports. ValuEngine upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Zacks Investment Research cut shares of Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and set a $29.00 price target on shares of Huntsman Corporation in a research note on Friday, July 14th. BidaskClub upgraded shares of Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, KeyCorp upgraded shares of Huntsman Corporation from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Monday, July 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $29.00.
Shares of Huntsman Corporation (HUN) opened at 26.57 on Monday. Huntsman Corporation has a 1-year low of $14.16 and a 1-year high of $28.30. The stock has a 50 day moving average of $26.30 and a 200 day moving average of $24.53. The firm has a market cap of $6.38 billion, a PE ratio of 15.06 and a beta of 2.81.
Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. Equities research analysts anticipate that Huntsman Corporation will post $2.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.88%. The ex-dividend date is Thursday, September 14th. Huntsman Corporation’s dividend payout ratio is 28.41%.
In related news, VP Randy W. Wright sold 56,675 shares of the firm’s stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $25.76, for a total value of $1,459,948.00. Following the transaction, the vice president now owns 66,023 shares in the company, valued at $1,700,752.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Peter R. Huntsman purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The stock was purchased at an average price of $23.83 per share, for a total transaction of $238,300.00. Following the acquisition, the chief executive officer now owns 4,042,720 shares of the company’s stock, valued at $96,338,017.60. The disclosure for this purchase can be found here. 19.00% of the stock is owned by company insiders.
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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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