Huntsman Co. (NYSE:HUN) – Analysts at KeyCorp raised their Q2 2018 earnings per share estimates for shares of Huntsman in a report issued on Wednesday, April 11th. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.61. KeyCorp has a “Overweight” rating and a $42.00 price objective on the stock. KeyCorp also issued estimates for Huntsman’s Q4 2018 earnings at $0.60 EPS.

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A number of other analysts also recently commented on the company. ValuEngine upgraded Huntsman from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Jefferies Group upped their target price on Huntsman to $43.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Citigroup upped their target price on Huntsman from $41.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Tudor Pickering started coverage on Huntsman in a research note on Friday, January 19th. They issued a “buy” rating on the stock. Finally, Instinet restated a “neutral” rating on shares of Huntsman in a research note on Tuesday, March 20th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $35.54.

Shares of HUN opened at $30.87 on Monday. Huntsman has a 52 week low of $23.12 and a 52 week high of $36.09. The company has a current ratio of 1.83, a quick ratio of 1.50 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $7,210.47, a PE ratio of 12.45, a P/E/G ratio of 1.29 and a beta of 2.71.

Huntsman (NYSE:HUN) last issued its earnings results on Friday, February 23rd. The basic materials company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. Huntsman had a return on equity of 29.30% and a net margin of 6.73%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 15.7% compared to the same quarter last year.

Hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Huntsman by 2.5% during the fourth quarter. BlackRock Inc. now owns 11,671,197 shares of the basic materials company’s stock worth $388,534,000 after purchasing an additional 280,753 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Huntsman during the fourth quarter worth approximately $4,277,000. Allianz Asset Management GmbH boosted its position in Huntsman by 198.2% during the fourth quarter. Allianz Asset Management GmbH now owns 1,298,724 shares of the basic materials company’s stock worth $43,234,000 after purchasing an additional 863,236 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in Huntsman during the fourth quarter worth approximately $439,000. Finally, Shell Asset Management Co. boosted its position in Huntsman by 406.3% during the fourth quarter. Shell Asset Management Co. now owns 83,626 shares of the basic materials company’s stock worth $2,784,000 after purchasing an additional 67,109 shares in the last quarter. Institutional investors own 75.95% of the company’s stock.

In other Huntsman news, insider Monte G. Edlund sold 2,000 shares of the stock in a transaction that occurred on Saturday, February 17th. The stock was sold at an average price of $21.40, for a total transaction of $42,800.00. Following the transaction, the insider now owns 52,696 shares in the company, valued at $1,127,694.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.90% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were given a dividend of $0.1625 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.65 dividend on an annualized basis and a yield of 2.11%. This is an increase from Huntsman’s previous quarterly dividend of $0.13. Huntsman’s dividend payout ratio is currently 26.21%.

Huntsman declared that its Board of Directors has initiated a share repurchase program on Friday, February 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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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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