Huntsman Co. (NYSE:HUN) – Research analysts at KeyCorp upped their Q2 2018 EPS estimates for Huntsman in a research report issued on Wednesday, April 11th. KeyCorp analyst M. Sison now forecasts that the basic materials company will post earnings per share of $0.75 for the quarter, up from their prior forecast of $0.61. KeyCorp currently has a “Overweight” rating and a $42.00 target price on the stock. KeyCorp also issued estimates for Huntsman’s Q4 2018 earnings at $0.60 EPS.
Other equities research analysts also recently issued research reports about the stock. Jefferies Group upped their price target on shares of Huntsman to $43.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Tudor Pickering initiated coverage on shares of Huntsman in a research report on Friday, January 19th. They issued a “buy” rating for the company. ValuEngine downgraded shares of Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 17th. Citigroup upped their price target on shares of Huntsman from $41.00 to $43.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Finally, Nomura downgraded shares of Huntsman from a “buy” rating to a “neutral” rating and reduced their price target for the company from $40.00 to $36.00 in a research report on Tuesday, March 20th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Huntsman has a consensus rating of “Buy” and an average price target of $35.54.
HUN stock opened at $29.83 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.83 and a debt-to-equity ratio of 0.67. The company has a market cap of $7,210.47, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.29 and a beta of 2.72. Huntsman has a 12 month low of $23.12 and a 12 month high of $36.09.
Huntsman (NYSE:HUN) last released its earnings results on Friday, February 23rd. The basic materials company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.66 by $0.10. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 15.7% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in HUN. The Manufacturers Life Insurance Company increased its stake in Huntsman by 9.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,281 shares of the basic materials company’s stock valued at $188,000 after buying an additional 610 shares during the period. New York State Common Retirement Fund increased its stake in shares of Huntsman by 1.9% during the 3rd quarter. New York State Common Retirement Fund now owns 426,800 shares of the basic materials company’s stock worth $11,703,000 after purchasing an additional 8,000 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Huntsman during the 3rd quarter worth $473,000. Wells Fargo & Company MN increased its stake in shares of Huntsman by 13.4% during the 3rd quarter. Wells Fargo & Company MN now owns 791,752 shares of the basic materials company’s stock worth $21,710,000 after purchasing an additional 93,508 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Huntsman by 3.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 735,877 shares of the basic materials company’s stock worth $20,178,000 after purchasing an additional 23,019 shares during the last quarter. Hedge funds and other institutional investors own 75.95% of the company’s stock.
In other Huntsman news, insider Monte G. Edlund sold 2,000 shares of the company’s stock in a transaction that occurred on Saturday, February 17th. The shares were sold at an average price of $21.40, for a total value of $42,800.00. Following the transaction, the insider now owns 52,696 shares in the company, valued at approximately $1,127,694.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 19.00% of the stock is currently owned by corporate insiders.
Huntsman declared that its Board of Directors has approved a stock buyback program on Friday, February 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a $0.1625 dividend. This represents a $0.65 annualized dividend and a yield of 2.18%. The ex-dividend date was Wednesday, March 14th. This is a positive change from Huntsman’s previous quarterly dividend of $0.13. Huntsman’s dividend payout ratio is currently 26.21%.
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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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