Analysts Anticipate Huntsman Co. (HUN) Will Post Quarterly Sales of $2.24 Billion

Equities research analysts forecast that Huntsman Co. (NYSE:HUN) will post sales of $2.24 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Huntsman’s earnings. The lowest sales estimate is $2.13 billion and the highest is $2.31 billion. Huntsman posted sales of $2.17 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.2%. The company is expected to issue its next quarterly earnings results before the market opens on Friday, October 26th.

On average, analysts expect that Huntsman will report full-year sales of $9.16 billion for the current year, with estimates ranging from $8.89 billion to $9.32 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.44 billion, with estimates ranging from $8.78 billion to $9.79 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Huntsman.

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

HUN has been the topic of several recent analyst reports. ValuEngine downgraded Huntsman from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Seaport Global Securities initiated coverage on Huntsman in a report on Friday, August 24th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Huntsman from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Morgan Stanley initiated coverage on Huntsman in a report on Tuesday, September 25th. They issued an “equal weight” rating and a $30.00 price target on the stock. Finally, Citigroup downgraded Huntsman from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $43.00 to $30.00 in a report on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.92.

Shares of NYSE HUN traded down $0.41 during midday trading on Monday, hitting $25.83. The company’s stock had a trading volume of 2,393,700 shares, compared to its average volume of 2,665,779. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 1.93. Huntsman has a 12-month low of $25.65 and a 12-month high of $36.09. The company has a market cap of $6.51 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 0.91 and a beta of 2.70.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were paid a $0.1625 dividend. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.65 annualized dividend and a yield of 2.52%. Huntsman’s dividend payout ratio (DPR) is currently 26.21%.

A number of large investors have recently made changes to their positions in HUN. Wells Fargo & Company MN grew its stake in Huntsman by 66.5% in the second quarter. Wells Fargo & Company MN now owns 5,165,328 shares of the basic materials company’s stock worth $150,827,000 after purchasing an additional 2,063,494 shares in the last quarter. BlackRock Inc. boosted its position in Huntsman by 16.8% during the 1st quarter. BlackRock Inc. now owns 13,634,802 shares of the basic materials company’s stock valued at $398,821,000 after acquiring an additional 1,963,605 shares in the last quarter. Voya Investment Management LLC boosted its position in Huntsman by 72.9% during the 2nd quarter. Voya Investment Management LLC now owns 4,593,258 shares of the basic materials company’s stock valued at $134,123,000 after acquiring an additional 1,936,410 shares in the last quarter. FMR LLC boosted its position in Huntsman by 54.4% during the 2nd quarter. FMR LLC now owns 3,517,861 shares of the basic materials company’s stock valued at $102,722,000 after acquiring an additional 1,239,240 shares in the last quarter. Finally, LSV Asset Management boosted its position in Huntsman by 10.9% during the 2nd quarter. LSV Asset Management now owns 11,453,687 shares of the basic materials company’s stock valued at $334,447,000 after acquiring an additional 1,126,895 shares in the last quarter. 77.15% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Huntsman (NYSE:HUN)

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