Brokerages forecast that Huntsman Co. (NYSE:HUN) will report earnings of $0.85 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Huntsman’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.95. Huntsman reported earnings of $0.67 per share in the same quarter last year, which indicates a positive year over year growth rate of 26.9%. The firm is scheduled to announce its next quarterly earnings results on Friday, October 26th.

On average, analysts expect that Huntsman will report full-year earnings of $3.53 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.75. For the next year, analysts forecast that the business will report earnings of $3.64 per share, with EPS estimates ranging from $3.41 to $4.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Huntsman.

Huntsman (NYSE:HUN) last released its earnings results on Tuesday, July 31st. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.17. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.24 billion. Huntsman had a return on equity of 24.14% and a net margin of 11.92%. Huntsman’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share.

HUN has been the subject of several recent analyst reports. Seaport Global Securities initiated coverage on Huntsman in a report on Friday, August 24th. They issued a “buy” rating for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $38.00 target price on shares of Huntsman in a report on Wednesday, August 1st. UBS Group upped their target price on Huntsman from $41.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, May 29th. Zacks Investment Research raised Huntsman from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Monday, July 16th. Finally, Citigroup increased their price objective on Huntsman from $42.50 to $43.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.46.

Institutional investors have recently bought and sold shares of the company. FTB Advisors Inc. bought a new position in shares of Huntsman in the second quarter worth $114,000. C M Bidwell & Associates Ltd. bought a new position in shares of Huntsman in the first quarter worth $123,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Huntsman in the second quarter worth $122,000. Point72 Asia Hong Kong Ltd boosted its holdings in shares of Huntsman by 383.2% in the first quarter. Point72 Asia Hong Kong Ltd now owns 4,803 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 3,809 shares during the period. Finally, KBC Group NV bought a new position in shares of Huntsman in the first quarter worth $155,000. 77.30% of the stock is owned by hedge funds and other institutional investors.

HUN stock opened at $28.31 on Wednesday. The company has a market capitalization of $6.80 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 0.95 and a beta of 2.73. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.93 and a quick ratio of 1.58. Huntsman has a 12-month low of $26.59 and a 12-month high of $36.09.

Huntsman declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 23rd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the basic materials company to purchase up to 13.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 13th. Huntsman’s dividend payout ratio (DPR) is 26.21%.

Huntsman Company Profile

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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