Huntsman (NYSE:HUN) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Huntsman (NYSE:HUN) issued its quarterly earnings results on Tuesday. The basic materials company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.08), FiscalAI reports. Huntsman had a negative return on equity of 3.26% and a negative net margin of 5.69%.

Huntsman Price Performance

HUN stock traded down $0.90 during mid-day trading on Tuesday, reaching $12.31. 10,333,428 shares of the company traded hands, compared to its average volume of 5,957,210. The company has a fifty day moving average price of $11.36 and a 200-day moving average price of $10.14. Huntsman has a 52-week low of $7.30 and a 52-week high of $18.53. The company has a market capitalization of $2.14 billion, a P/E ratio of -6.48 and a beta of 0.70. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.36 and a quick ratio of 0.84.

Institutional Trading of Huntsman

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of Huntsman by 20.8% during the 1st quarter. NewEdge Advisors LLC now owns 56,481 shares of the basic materials company’s stock valued at $892,000 after purchasing an additional 9,720 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Huntsman by 97.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,285 shares of the basic materials company’s stock valued at $33,748,000 after buying an additional 1,052,127 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Huntsman by 0.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 599,296 shares of the basic materials company’s stock worth $9,463,000 after buying an additional 1,581 shares in the last quarter. Focus Partners Wealth bought a new position in Huntsman in the 1st quarter worth about $680,000. Finally, Prudential Financial Inc. raised its holdings in shares of Huntsman by 34.5% in the 2nd quarter. Prudential Financial Inc. now owns 14,250 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 3,655 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HUN shares. Mizuho increased their price target on shares of Huntsman from $7.00 to $8.00 and gave the company an “underperform” rating in a research report on Thursday, December 18th. Zacks Research raised shares of Huntsman from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Huntsman in a report on Thursday, January 22nd. The Goldman Sachs Group increased their price objective on Huntsman from $8.50 to $9.50 and gave the company a “sell” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada boosted their target price on Huntsman from $10.00 to $13.00 and gave the company a “sector perform” rating in a research note on Friday, January 16th. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Huntsman presently has a consensus rating of “Reduce” and an average price target of $11.00.

Huntsman Company Profile

Huntsman Corporation is a global manufacturer and marketer of specialty chemicals with headquarters in The Woodlands, Texas. Founded in 1970 by entrepreneur Jon Huntsman Sr., the company has grown through strategic acquisitions and organic expansion to establish a broad portfolio of products serving diverse end markets. Huntsman maintains a presence in more than 30 countries, operating manufacturing facilities across North America, Europe, Asia-Pacific, Latin America and the Middle East.

The company organizes its operations into several core business segments, including Polyurethanes, Performance Products, Advanced Materials, and Textile Effects.