Zacks: Brokerages Expect Huntsman Corporation (HUN) to Announce $0.50 EPS
Equities analysts predict that Huntsman Corporation (NYSE:HUN) will post $0.50 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Huntsman Corporation’s earnings, with the highest EPS estimate coming in at $0.60 and the lowest estimate coming in at $0.44. Huntsman Corporation posted earnings per share of $0.38 in the same quarter last year, which suggests a positive year over year growth rate of 31.6%. The company is scheduled to issue its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Huntsman Corporation will report full-year earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.47. For the next year, analysts expect that the company will post earnings of $2.07 per share, with EPS estimates ranging from $1.80 to $2.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Huntsman Corporation.
Huntsman Corporation (NYSE:HUN) last posted its earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.18. Huntsman Corporation had a return on equity of 30.04% and a net margin of 4.33%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis.
Several brokerages have recently commented on HUN. Wells Fargo & Company raised shares of Huntsman Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday. Zacks Investment Research raised shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. UBS AG increased their price target on shares of Huntsman Corporation from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, September 19th. Instinet reissued a “buy” rating and issued a $34.00 target price (up previously from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Finally, BidaskClub cut shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.33.
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In other news, VP Randy W. Wright sold 56,675 shares of Huntsman Corporation stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the sale, the vice president now owns 66,023 shares of the company’s stock, valued at $1,700,752.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 19.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Huntsman Corporation by 0.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after buying an additional 24 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Huntsman Corporation by 0.7% during the second quarter. Synovus Financial Corp now owns 8,979 shares of the basic materials company’s stock valued at $234,000 after buying an additional 62 shares during the last quarter. Utah Retirement Systems raised its holdings in shares of Huntsman Corporation by 0.3% during the first quarter. Utah Retirement Systems now owns 36,137 shares of the basic materials company’s stock valued at $887,000 after buying an additional 100 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Huntsman Corporation by 0.6% during the first quarter. New York State Teachers Retirement System now owns 17,600 shares of the basic materials company’s stock valued at $432,000 after buying an additional 100 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Huntsman Corporation by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 28,889 shares of the basic materials company’s stock valued at $746,000 after buying an additional 192 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.
Huntsman Corporation (HUN) opened at 26.94 on Thursday. Huntsman Corporation has a 12 month low of $15.05 and a 12 month high of $28.67. The firm has a market cap of $6.47 billion, a PE ratio of 15.27 and a beta of 2.79. The company has a 50-day moving average price of $26.42 and a 200 day moving average price of $25.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.86%. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
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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