Zacks: Analysts Expect Huntsman Co. (NYSE:HUN) to Announce $0.19 Earnings Per Share

Wall Street brokerages expect that Huntsman Co. (NYSE:HUN) will report $0.19 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huntsman’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.20. Huntsman reported earnings per share of $0.63 in the same quarter last year, which would indicate a negative year-over-year growth rate of 69.8%. The business is scheduled to announce 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 financial year, with EPS estimates ranging from $0.15 to $0.50. For the next financial year, analysts anticipate that the business 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 an average based on a survey of analysts that follow Huntsman.

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

A number of research analysts recently commented on the stock. Royal Bank of Canada downgraded shares of Huntsman from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $24.00 to $16.00 in a research report on Thursday, March 26th. Vertical Research downgraded shares of Huntsman from a “buy” rating to a “hold” rating in a research report on Monday, May 4th. Seaport Global Securities downgraded shares of Huntsman from a “buy” rating to a “neutral” rating in a research report on Friday, June 19th. JPMorgan Chase & Co. dropped their target price on shares of Huntsman from $21.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 18th. Finally, UBS Group raised their price objective on shares of Huntsman from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Huntsman presently has an average rating of “Hold” and an average price target of $19.89.

Shares of NYSE HUN traded up $0.09 during mid-day trading on Friday, reaching $17.80. The company had a trading volume of 57,820 shares, compared to its average volume of 2,311,114. The company has a current ratio of 2.13, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $17.75 and a two-hundred day simple moving average of $18.90. The stock has a market cap of $3.89 billion, a P/E ratio of 3.46, a PEG ratio of 4.48 and a beta of 2.07. Huntsman has a 52-week low of $12.23 and a 52-week high of $24.90.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Verus Capital Partners LLC bought a new stake in Huntsman in the 4th quarter valued at approximately $48,000. FDx Advisors Inc. bought a new stake in shares of Huntsman during the 1st quarter worth approximately $56,000. Quadrant Capital Group LLC raised its stake in shares of Huntsman by 20.4% during the 4th quarter. Quadrant Capital Group LLC now owns 4,131 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 700 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Huntsman by 724.3% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,353 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 6,461 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Huntsman during the 4th quarter worth approximately $117,000. Institutional investors own 77.71% of the company’s stock.

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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