$2.18 Billion in Sales Expected for Huntsman Co. (HUN) This Quarter

Equities analysts forecast that Huntsman Co. (NYSE:HUN) will announce sales of $2.18 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Huntsman’s earnings, with the highest sales estimate coming in at $2.19 billion and the lowest estimate coming in at $2.16 billion. Huntsman reported sales of $2.20 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 0.9%. The firm is scheduled to announce its next quarterly earnings report on Friday, February 22nd.

According to Zacks, analysts expect that Huntsman will report full-year sales of $9.29 billion for the current fiscal year, with estimates ranging from $9.20 billion to $9.33 billion. For the next financial year, analysts expect that the company will post sales of $9.47 billion, with estimates ranging from $8.75 billion to $9.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Huntsman.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Huntsman had a return on equity of 22.96% and a net margin of 9.88%. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm posted $0.67 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.

A number of research analysts have commented on the company. Seaport Global Securities assumed coverage on Huntsman in a research note on Friday, August 24th. They set a “buy” rating on the stock. ValuEngine cut Huntsman from a “hold” rating to a “sell” rating in a research note on Saturday, September 1st. MED restated a “buy” rating on shares of Huntsman in a research note on Monday, September 17th. Morgan Stanley assumed coverage on Huntsman in a research note on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, Citigroup cut Huntsman from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $43.00 to $30.00 in a research note on Monday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $34.13.

HUN traded down $0.95 during trading hours on Wednesday, reaching $18.18. The company’s stock had a trading volume of 4,818,484 shares, compared to its average volume of 2,769,369. Huntsman has a fifty-two week low of $18.13 and a fifty-two week high of $36.09. The stock has a market capitalization of $4.56 billion, a PE ratio of 7.33, a P/E/G ratio of 0.66 and a beta of 2.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.88.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.1625 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s dividend payout ratio is currently 26.21%.

In related news, CFO Sean Douglas acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average price of $21.47 per share, with a total value of $161,025.00. Following the completion of the transaction, the chief financial officer now owns 77,595 shares of the company’s stock, valued at $1,665,964.65. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter R. Huntsman acquired 25,000 shares of the business’s stock in a transaction dated Thursday, November 29th. The shares were bought at an average cost of $19.90 per share, for a total transaction of $497,500.00. Following the transaction, the chief executive officer now directly owns 4,956,349 shares of the company’s stock, valued at approximately $98,631,345.10. The disclosure for this purchase can be found here. Insiders have bought 35,782 shares of company stock worth $731,992 in the last ninety days. Corporate insiders own 19.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Marshall Wace LLP increased its position in shares of Huntsman by 1.7% during the third quarter. Marshall Wace LLP now owns 821,228 shares of the basic materials company’s stock worth $22,362,000 after acquiring an additional 13,402 shares during the period. Strategic Wealth Partners Ltd. increased its holdings in Huntsman by 6.6% in the third quarter. Strategic Wealth Partners Ltd. now owns 31,993 shares of the basic materials company’s stock valued at $871,000 after buying an additional 1,983 shares during the last quarter. Vanguard Group Inc. increased its holdings in Huntsman by 1.3% in the third quarter. Vanguard Group Inc. now owns 23,641,404 shares of the basic materials company’s stock valued at $643,755,000 after buying an additional 314,873 shares during the last quarter. Morgan Stanley increased its holdings in Huntsman by 63.0% in the third quarter. Morgan Stanley now owns 860,281 shares of the basic materials company’s stock valued at $23,425,000 after buying an additional 332,502 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in Huntsman by 3.0% in the third quarter. Legal & General Group Plc now owns 173,916 shares of the basic materials company’s stock valued at $4,736,000 after buying an additional 5,064 shares during the last quarter. 77.51% of the stock is currently owned by institutional investors and hedge funds.

About Huntsman

Huntsman Corporation, through its subsidiary, Huntsman International LLC, 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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