Huntsman Co. (NYSE:HUN) – Analysts at SunTrust Banks lowered their Q1 2019 earnings per share (EPS) estimates for Huntsman in a note issued to investors on Monday, March 18th. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $0.38 per share for the quarter, down from their previous estimate of $0.50. SunTrust Banks also issued estimates for Huntsman’s Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.77 EPS, Q4 2019 earnings at $0.86 EPS and FY2019 earnings at $2.68 EPS.
HUN has been the subject of several other research reports. Zacks Investment Research downgraded shares of Huntsman from a “hold” rating to a “sell” rating in a report on Monday, February 4th. JPMorgan Chase & Co. downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 price objective for the company. in a report on Wednesday, February 13th. ValuEngine raised shares of Huntsman from a “strong sell” rating to a “sell” rating in a report on Friday, March 1st. Alembic Global Advisors downgraded shares of Huntsman from an “overweight” rating to a “neutral” rating in a report on Monday, December 31st. Finally, KeyCorp lowered their price target on shares of Huntsman from $36.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, December 3rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.14.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, February 12th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.03). Huntsman had a net margin of 3.59% and a return on equity of 22.21%. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis.
Several large investors have recently made changes to their positions in HUN. Lindbrook Capital LLC bought a new position in shares of Huntsman in the 4th quarter valued at about $26,000. Oppenheimer Asset Management Inc. bought a new position in shares of Huntsman in the 4th quarter valued at about $27,000. IFP Advisors Inc lifted its holdings in shares of Huntsman by 30.5% in the 4th quarter. IFP Advisors Inc now owns 2,069 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 484 shares during the last quarter. First Interstate Bank lifted its holdings in shares of Huntsman by 215.6% in the 4th quarter. First Interstate Bank now owns 2,200 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 1,503 shares during the last quarter. Finally, Huntington National Bank bought a new position in shares of Huntsman in the 4th quarter valued at about $47,000. 75.35% of the stock is owned by hedge funds and other institutional investors.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, March 14th. Huntsman’s payout ratio is 19.46%.
Huntsman Company Profile
Huntsman Corporation 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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