Huntsman Co. (NYSE:HUN) – Investment analysts at Seaport Global Securities decreased their FY2019 earnings estimates for Huntsman in a report issued on Wednesday, May 1st, according to Zacks Investment Research. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will earn $2.68 per share for the year, down from their prior estimate of $2.81. Seaport Global Securities also issued estimates for Huntsman’s Q4 2019 earnings at $0.77 EPS, Q1 2020 earnings at $0.67 EPS, Q2 2020 earnings at $0.84 EPS, Q4 2020 earnings at $0.91 EPS and FY2020 earnings at $3.39 EPS.
Several other equities analysts also recently commented on the company. ValuEngine raised Huntsman from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. JPMorgan Chase & Co. downgraded Huntsman from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Wednesday, February 13th. Royal Bank of Canada decreased their target price on Huntsman from $28.00 to $27.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Barclays set a $21.00 target price on Huntsman and gave the company a “sell” rating in a research report on Tuesday, March 19th. Finally, KeyCorp reduced their price target on Huntsman from $30.00 to $29.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Huntsman presently has a consensus rating of “Hold” and an average price target of $30.05.
Huntsman (NYSE:HUN) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Huntsman had a return on equity of 19.90% and a net margin of 2.00%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the business earned $0.96 earnings per share. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, June 13th. Huntsman’s dividend payout ratio is currently 19.46%.
In related news, insider Scott J. Wright purchased 4,950 shares of Huntsman stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of $20.22 per share, with a total value of $100,089.00. Following the completion of the transaction, the insider now directly owns 33,922 shares of the company’s stock, valued at approximately $685,902.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.60% of the company’s stock.
A number of large investors have recently modified their holdings of HUN. Lindbrook Capital LLC acquired a new stake in shares of Huntsman in the 4th quarter valued at $26,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Huntsman in the 4th quarter valued at $27,000. Icon Wealth Partners LLC acquired a new stake in shares of Huntsman in the 1st quarter valued at $28,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Huntsman in the 1st quarter valued at $28,000. Finally, IFP Advisors Inc boosted 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 purchasing an additional 484 shares in the last quarter. 77.77% of the stock is currently owned by institutional investors and hedge funds.
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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