Equities research analysts forecast that Huntsman Co. (NYSE:HUN) will report sales of $2.10 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Huntsman’s earnings, with the lowest sales estimate coming in at $2.07 billion and the highest estimate coming in at $2.13 billion. Huntsman reported sales of $2.40 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The firm is scheduled to announce its next earnings results before the market opens on Friday, February 23rd.
According to Zacks, analysts expect that Huntsman will report full-year sales of $2.10 billion for the current fiscal year, with estimates ranging from $8.22 billion to $9.38 billion. For the next financial year, analysts anticipate that the company will report sales of $8.56 billion per share, with estimates ranging from $8.21 billion to $8.75 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Huntsman.
A number of analysts have recently weighed in on HUN shares. Alembic Global Advisors reiterated a “buy” rating on shares of Huntsman in a research note on Monday, November 6th. Nomura increased their price objective on shares of Huntsman to $40.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 15th. Jefferies Group increased their price target on shares of Huntsman to $43.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Finally, Tudor Pickering assumed coverage on shares of Huntsman in a report on Friday, January 19th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $34.67.
Shares of Huntsman (NYSE:HUN) opened at $32.79 on Tuesday. The firm has a market cap of $7,869.87, a price-to-earnings ratio of 13.72, a PEG ratio of 1.48 and a beta of 2.76. Huntsman has a 52 week low of $21.25 and a 52 week high of $36.09. The company has a quick ratio of 1.52, a current ratio of 1.87 and a debt-to-equity ratio of 1.10.
In related news, major shareholder Corp Huntsman sold 1,948,955 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total transaction of $42,214,365.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony P. Hankins sold 100,000 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $33.24, for a total transaction of $3,324,000.00. The disclosure for this sale can be found here. Insiders have sold 24,154,548 shares of company stock worth $527,750,108 over the last three months. 19.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HUN. Janus Henderson Group PLC purchased a new position in Huntsman during the second quarter valued at $1,297,000. State Street Corp lifted its holdings in Huntsman by 3.0% during the second quarter. State Street Corp now owns 2,842,796 shares of the basic materials company’s stock valued at $73,459,000 after purchasing an additional 82,951 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Huntsman by 9.1% during the second quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 610 shares in the last quarter. First Trust Advisors LP lifted its holdings in Huntsman by 19.4% during the third quarter. First Trust Advisors LP now owns 286,479 shares of the basic materials company’s stock valued at $7,855,000 after purchasing an additional 46,592 shares in the last quarter. Finally, Regentatlantic Capital LLC purchased a new position in Huntsman during the third quarter valued at $237,000. 79.46% of the stock is currently owned by institutional investors and hedge funds.
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Huntsman Company Profile
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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