Brokerages expect Huntsman Co. (NYSE:HUN) to announce $0.29 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Huntsman’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.34. Huntsman reported earnings per share of $0.52 in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.2%. The company is expected to issue its next earnings report on Tuesday, February 11th.
On average, analysts expect that Huntsman will report full-year earnings of $1.80 per share for the current year, with EPS estimates ranging from $1.75 to $1.85. For the next fiscal year, analysts anticipate that the business will report earnings of $1.91 per share, with EPS estimates ranging from $1.70 to $2.09. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Huntsman.
Huntsman (NYSE:HUN) last issued its earnings results on Friday, October 25th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Huntsman had a positive return on equity of 17.06% and a negative net margin of 0.99%. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 EPS.
Shares of HUN stock traded up $0.08 during mid-day trading on Wednesday, hitting $21.98. The company had a trading volume of 1,237,330 shares, compared to its average volume of 1,461,741. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.96 and a quick ratio of 1.45. The stock’s 50 day moving average price is $23.08 and its 200-day moving average price is $21.04. Huntsman has a 52-week low of $17.33 and a 52-week high of $25.66. The company has a market capitalization of $5.19 billion, a P/E ratio of 6.58, a P/E/G ratio of 1.83 and a beta of 2.32.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.1625 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.65 dividend on an annualized basis and a yield of 2.96%. Huntsman’s dividend payout ratio is presently 19.46%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HUN. Wells Fargo & Company MN boosted its position in shares of Huntsman by 12.9% during the second quarter. Wells Fargo & Company MN now owns 3,450,438 shares of the basic materials company’s stock valued at $70,527,000 after buying an additional 395,569 shares during the period. Invesco Ltd. lifted its position in shares of Huntsman by 37.2% during the second quarter. Invesco Ltd. now owns 3,093,714 shares of the basic materials company’s stock worth $63,235,000 after purchasing an additional 838,161 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Huntsman by 1.4% during the second quarter. Eagle Asset Management Inc. now owns 2,592,960 shares of the basic materials company’s stock valued at $53,000,000 after purchasing an additional 35,554 shares during the period. Carillon Tower Advisers Inc. boosted its stake in shares of Huntsman by 44.0% during the third quarter. Carillon Tower Advisers Inc. now owns 2,510,914 shares of the basic materials company’s stock valued at $58,404,000 after purchasing an additional 767,750 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Huntsman by 162.2% in the third quarter. Point72 Asset Management L.P. now owns 2,200,591 shares of the basic materials company’s stock worth $51,186,000 after purchasing an additional 1,361,317 shares during the last quarter. 73.05% of the stock is owned by institutional investors.
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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