Huntsman Corporation (NYSE:HUN) – Analysts at Jefferies Group raised their FY2017 earnings per share (EPS) estimates for Huntsman in a research report issued to clients and investors on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will post earnings per share of $2.70 for the year, up from their previous forecast of $2.60. Jefferies Group also issued estimates for Huntsman’s Q4 2017 earnings at $0.61 EPS and FY2019 earnings at $2.30 EPS.

Huntsman (NYSE:HUN) last announced its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. Huntsman’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.38 EPS.

A number of other research analysts also recently commented on the company. Instinet reiterated a “buy” rating and set a $34.00 target price (up from $30.00) on shares of Huntsman in a research report on Wednesday, September 20th. Nomura raised their price target on Huntsman from $30.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. UBS raised their price target on Huntsman from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. KeyCorp reaffirmed a “buy” rating and set a $34.00 target price on shares of Huntsman in a report on Friday, September 1st. Finally, SunTrust Banks restated a “buy” rating and issued a $32.00 price objective on shares of Huntsman in a research report on Friday, October 27th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Huntsman currently has an average rating of “Buy” and a consensus price target of $31.55.

Huntsman (NYSE HUN) opened at $31.96 on Thursday. The firm has a market cap of $7,749.86, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 1.52 and a beta of 2.87. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.52 and a current ratio of 1.87. Huntsman has a 1-year low of $18.18 and a 1-year high of $32.59.

A number of institutional investors have recently bought and sold shares of HUN. DSAM Partners London Ltd acquired a new stake in Huntsman during the second quarter worth approximately $2,128,000. Chicago Equity Partners LLC increased its holdings in shares of Huntsman by 1,462.7% during the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after purchasing an additional 414,685 shares during the period. CIBC World Markets Inc. increased its holdings in shares of Huntsman by 133.4% during the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock worth $18,308,000 after purchasing an additional 404,905 shares during the period. Royal Bank of Canada increased its stake in Huntsman by 58.6% in the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock valued at $10,287,000 after acquiring an additional 147,090 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in Huntsman by 16.4% in the second quarter. Pacer Advisors Inc. now owns 35,389 shares of the basic materials company’s stock valued at $914,000 after acquiring an additional 4,982 shares during the last quarter. 75.21% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Mary C. Beckerle sold 4,507 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.76, for a total value of $138,635.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony P. Hankins sold 80,000 shares of Huntsman stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $31.88, for a total transaction of $2,550,400.00. Following the transaction, the chief executive officer now directly owns 442,615 shares of the company’s stock, valued at approximately $14,110,566.20. The disclosure for this sale can be found here. Insiders have sold 1,056,190 shares of company stock valued at $33,429,051 in the last three months. 19.00% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.56%. Huntsman’s dividend payout ratio (DPR) is presently 23.47%.

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About Huntsman

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.

Earnings History and Estimates for Huntsman (NYSE:HUN)

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