Huntsman Corporation (HUN) Expected to Earn FY2017 Earnings of $2.73 Per Share
Huntsman Corporation (NYSE:HUN) – Analysts at SunTrust Banks increased their FY2017 earnings estimates for Huntsman in a research note issued on Tuesday. SunTrust Banks analyst J. Sheehan now anticipates that the basic materials company will post earnings per share of $2.73 for the year, up from their prior forecast of $2.67. SunTrust Banks has a “Buy” rating and a $32.00 price objective on the stock. SunTrust Banks also issued estimates for Huntsman’s Q4 2017 earnings at $0.63 EPS and FY2018 earnings at $2.54 EPS.
HUN has been the subject of a number of other reports. Zacks Investment Research upgraded Huntsman from a “sell” rating to a “hold” rating and set a $29.00 price target for the company in a research note on Thursday, August 10th. BidaskClub upgraded Huntsman from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. KeyCorp reiterated a “buy” rating and issued a $34.00 price target on shares of Huntsman in a research note on Friday, September 1st. Finally, UBS lifted their price target on Huntsman from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Huntsman presently has a consensus rating of “Buy” and a consensus target price of $31.55.
Shares of Huntsman (NYSE:HUN) opened at $31.80 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. The firm has a market capitalization of $7,749.86, a PE ratio of 13.51, a PEG ratio of 1.52 and a beta of 2.87. Huntsman has a 52 week low of $18.18 and a 52 week high of $32.59.
Huntsman (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.17. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a return on equity of 30.64% and a net margin of 5.37%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.57%. Huntsman’s dividend payout ratio is currently 23.47%.
In other Huntsman news, Director Mary C. Beckerle sold 4,507 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alvin V. Shoemaker sold 38,009 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $31.28, for a total transaction of $1,188,921.52. Following the completion of the transaction, the director now directly owns 37,227 shares in the company, valued at approximately $1,164,460.56. The disclosure for this sale can be found here. Insiders sold 1,056,190 shares of company stock worth $33,429,051 in the last three months. 19.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mckinley Capital Management LLC Delaware bought a new stake in shares of Huntsman during the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Huntsman during the second quarter valued at approximately $109,000. Assetmark Inc. raised its holdings in shares of Huntsman by 1,658.4% during the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,748 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Huntsman 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. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after buying an additional 610 shares during the last quarter. 75.21% of the stock is currently owned by hedge funds and other institutional investors.
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Huntsman Company Profile
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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