Equities analysts expect Huntsman Co. (NYSE:HUN) to announce $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huntsman’s earnings. The lowest EPS estimate is $0.14 and the highest is $0.20. Huntsman posted earnings per share of $0.63 during the same quarter last year, which suggests a negative year over year growth rate of 69.8%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, July 28th.

On average, analysts expect that Huntsman will report full-year earnings of $0.29 per share for the current fiscal year, with EPS estimates ranging from $0.15 to $0.50. For the next year, analysts anticipate that the firm will post earnings of $1.32 per share, with EPS estimates ranging from $0.95 to $1.59. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Huntsman.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, May 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. Huntsman had a return on equity of 12.72% and a net margin of 16.10%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the company earned $0.46 EPS. Huntsman’s revenue for the quarter was down 21.7% on a year-over-year basis.

Several equities analysts have commented on the company. Morgan Stanley dropped their target price on Huntsman from $22.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, March 30th. Vertical Research downgraded Huntsman from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Seaport Global Securities downgraded Huntsman from a “buy” rating to a “neutral” rating in a research report on Friday, June 19th. Wells Fargo & Co dropped their target price on Huntsman from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Finally, Cfra upgraded Huntsman from a “sell” rating to a “hold” rating and dropped their target price for the company from $20.00 to $16.00 in a research report on Friday, April 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $19.89.

Huntsman stock traded up $0.09 during trading hours on Friday, hitting $17.80. The stock had a trading volume of 57,820 shares, compared to its average volume of 2,311,114. The company has a quick ratio of 1.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.71. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 3.46, a P/E/G ratio of 4.48 and a beta of 2.07. Huntsman has a one year low of $12.23 and a one year high of $24.90. The business’s 50 day simple moving average is $17.75 and its 200-day simple moving average is $18.90.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, May 15th will be paid a dividend of $0.1625 per share. The ex-dividend date is Friday, June 12th. This represents a $0.65 annualized dividend and a yield of 3.65%. Huntsman’s dividend payout ratio is currently 42.48%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its stake in Huntsman by 106.4% in the fourth quarter. Victory Capital Management Inc. now owns 642,239 shares of the basic materials company’s stock valued at $15,516,000 after acquiring an additional 331,088 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Huntsman by 32.6% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 8,472 shares of the basic materials company’s stock valued at $204,000 after purchasing an additional 2,084 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Huntsman by 21.4% in the fourth quarter. M&T Bank Corp now owns 19,887 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 3,504 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in Huntsman by 94.6% during the fourth quarter. Natixis Advisors L.P. now owns 186,303 shares of the basic materials company’s stock worth $4,501,000 after acquiring an additional 90,555 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Huntsman by 8.6% during the fourth quarter. Bank of Montreal Can now owns 569,405 shares of the basic materials company’s stock worth $13,757,000 after acquiring an additional 45,235 shares during the period. 77.71% of the stock is owned by institutional investors and hedge funds.

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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