Huntsman Corporation (HUN) Expected to Post Earnings of $0.50 Per Share

Wall Street analysts expect Huntsman Corporation (NYSE:HUN) to announce $0.50 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Huntsman Corporation’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.60. Huntsman Corporation reported earnings per share of $0.38 during the same quarter last year, which indicates a positive year-over-year growth rate of 31.6%. The company is scheduled to report its next earnings report before the market opens on Friday, October 27th.

According to Zacks, analysts expect that Huntsman Corporation will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.05 to $2.47. For the next financial year, analysts expect that the firm will report earnings of $2.08 per share, with EPS estimates ranging from $1.80 to $2.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Huntsman Corporation.

Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

A number of brokerages have recently commented on HUN. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a report on Tuesday. UBS AG lifted their price target on shares of Huntsman Corporation from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Nomura lifted their price target on shares of Huntsman Corporation from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Instinet reiterated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Finally, Alembic Global Advisors set a $28.00 price target on shares of Huntsman Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.60.

Huntsman Corporation (HUN) traded up 0.329% during mid-day trading on Monday, hitting $28.955. 2,730,089 shares of the stock traded hands. The firm’s 50-day moving average is $27.61 and its 200-day moving average is $25.94. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 16.414 and a beta of 2.79. Huntsman Corporation has a 12-month low of $15.96 and a 12-month high of $29.43.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.125 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.73%. Huntsman Corporation’s payout ratio is 28.41%.

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Institutional investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $109,000. SG Americas Securities LLC purchased a new stake in Huntsman Corporation in the first quarter valued at approximately $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 75.11% of the company’s stock.

About Huntsman Corporation

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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According to Zacks, analysts expect that Huntsman Corporation will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.05 to $2.47. For the next financial year, analysts expect that the firm will report earnings of $2.08 per share, with EPS estimates ranging from $1.80 to $2.25. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Huntsman Corporation.

Huntsman Corporation (NYSE:HUN) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.18. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The business had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.64 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

A number of brokerages have recently commented on HUN. KeyCorp reiterated a “buy” rating and set a $34.00 price target on shares of Huntsman Corporation in a report on Tuesday. UBS AG lifted their price target on shares of Huntsman Corporation from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Nomura lifted their price target on shares of Huntsman Corporation from $30.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, September 19th. Instinet reiterated a “buy” rating and set a $34.00 price target (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday, September 20th. Finally, Alembic Global Advisors set a $28.00 price target on shares of Huntsman Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $30.60.

Huntsman Corporation (HUN) traded up 0.329% during mid-day trading on Monday, hitting $28.955. 2,730,089 shares of the stock traded hands. The firm’s 50-day moving average is $27.61 and its 200-day moving average is $25.94. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 16.414 and a beta of 2.79. Huntsman Corporation has a 12-month low of $15.96 and a 12-month high of $29.43.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.125 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.73%. Huntsman Corporation’s payout ratio is 28.41%.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/19/huntsman-corporation-hun-expected-to-post-earnings-of-0-50-per-share.html.

Institutional investors have recently added to or reduced their stakes in the stock. Mckinley Capital Management LLC Delaware purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $106,000. Harvest Fund Management Co. Ltd purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $109,000. SG Americas Securities LLC purchased a new stake in Huntsman Corporation in the first quarter valued at approximately $122,000. Opera Trading Capital purchased a new stake in Huntsman Corporation in the second quarter valued at approximately $129,000. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Huntsman Corporation by 0.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,385 shares of the basic materials company’s stock valued at $139,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 75.11% of the company’s stock.

About Huntsman Corporation

Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.

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Earnings History and Estimates for Huntsman Corporation (NYSE:HUN)

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