Huntsman Co. (NYSE:HUN) – Equities research analysts at Jefferies Financial Group lowered their FY2018 earnings estimates for shares of Huntsman in a research report issued to clients and investors on Tuesday, October 30th. Jefferies Financial Group analyst L. Alexander now anticipates that the basic materials company will post earnings of $3.35 per share for the year, down from their prior forecast of $3.40. Jefferies Financial Group also issued estimates for Huntsman’s Q4 2018 earnings at $0.54 EPS and FY2019 earnings at $3.80 EPS.
Huntsman (NYSE:HUN) last released its earnings results on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Huntsman had a net margin of 9.88% and a return on equity of 23.31%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. Huntsman’s revenue was up 12.7% compared to the same quarter last year.
Shares of HUN stock opened at $21.88 on Thursday. The company has a market cap of $5.14 billion, a price-to-earnings ratio of 8.82, a price-to-earnings-growth ratio of 0.72 and a beta of 2.69. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. Huntsman has a fifty-two week low of $19.26 and a fifty-two week high of $36.09.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. acquired a new position in shares of Huntsman during the second quarter worth $114,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Huntsman during the second quarter worth $122,000. Clear Harbor Asset Management LLC acquired a new position in shares of Huntsman during the third quarter worth $200,000. Point72 Hong Kong Ltd lifted its position in shares of Huntsman by 46.5% during the second quarter. Point72 Hong Kong Ltd now owns 7,038 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 2,235 shares in the last quarter. Finally, Chemical Bank acquired a new position in shares of Huntsman during the second quarter worth $219,000. 77.47% of the stock is currently owned by institutional investors and hedge funds.
Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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