Q4 Earnings Forecast for Huntsman Issued By Seaport Res Ptn

Huntsman Co. (NYSE:HUN) – Analysts at Seaport Res Ptn decreased their Q4 2024 earnings per share estimates for Huntsman in a report issued on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now forecasts that the basic materials company will earn ($0.11) per share for the quarter, down from their previous forecast of ($0.09). The consensus estimate for Huntsman’s current full-year earnings is $0.08 per share. Seaport Res Ptn also issued estimates for Huntsman’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at $0.48 EPS and FY2026 earnings at $1.18 EPS.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. Huntsman had a negative return on equity of 0.03% and a negative net margin of 1.99%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis.

HUN has been the topic of several other reports. UBS Group dropped their target price on shares of Huntsman from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley dropped their price objective on shares of Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Citigroup reduced their target price on shares of Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, December 18th. Mizuho dropped their price target on Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reduced their price objective on Huntsman from $23.00 to $20.00 and set a “sector perform” rating for the company in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Huntsman presently has an average rating of “Hold” and a consensus price target of $23.33.

Huntsman Trading Down 0.7 %

NYSE HUN opened at $17.37 on Friday. Huntsman has a one year low of $15.95 and a one year high of $27.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The firm has a market cap of $3.00 billion, a P/E ratio of -25.17 and a beta of 0.97. The stock’s 50-day moving average is $18.49 and its 200-day moving average is $20.97.

Huntsman Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a yield of 5.76%. Huntsman’s dividend payout ratio (DPR) is currently -144.93%.

Insiders Place Their Bets

In other Huntsman news, Director Mary C. Beckerle sold 20,201 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale 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.

Institutional Trading of Huntsman

Hedge funds and other institutional investors have recently modified their holdings of the stock. EMC Capital Management lifted its holdings in shares of Huntsman by 21.5% during the fourth quarter. EMC Capital Management now owns 10,288 shares of the basic materials company’s stock worth $185,000 after purchasing an additional 1,821 shares during the period. R Squared Ltd acquired a new stake in Huntsman during the fourth quarter worth approximately $40,000. Twelve Points Wealth Management LLC boosted its holdings in shares of Huntsman by 20.7% during the 4th quarter. Twelve Points Wealth Management LLC now owns 76,606 shares of the basic materials company’s stock worth $1,381,000 after buying an additional 13,157 shares in the last quarter. KBC Group NV lifted its position in shares of Huntsman by 95.3% during the 4th quarter. KBC Group NV now owns 9,232 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 4,506 shares during the period. Finally, SG Americas Securities LLC bought a new position in Huntsman during the fourth quarter worth $3,827,000. Institutional investors own 84.81% of the company’s stock.

About Huntsman

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.