$2.26 Billion in Sales Expected for Huntsman Co. (NYSE:HUN) This Quarter

Brokerages expect Huntsman Co. (NYSE:HUNGet Rating) to post $2.26 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Huntsman’s earnings, with the highest sales estimate coming in at $2.44 billion and the lowest estimate coming in at $1.99 billion. Huntsman posted sales of $2.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.9%. The company is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Huntsman will report full-year sales of $9.04 billion for the current year, with estimates ranging from $8.29 billion to $9.70 billion. For the next year, analysts expect that the business will report sales of $9.33 billion, with estimates ranging from $8.73 billion to $9.95 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Huntsman.

Huntsman (NYSE:HUNGet Rating) last released its quarterly earnings data on Thursday, April 28th. The basic materials company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. Huntsman had a return on equity of 21.09% and a net margin of 13.16%. The business had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue for the quarter was up 30.0% on a year-over-year basis.

A number of research analysts recently issued reports on HUN shares. Jefferies Financial Group raised their price target on Huntsman from $46.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, February 16th. Deutsche Bank Aktiengesellschaft dropped their price target on Huntsman from $46.00 to $40.00 in a research note on Monday. Morgan Stanley raised their price target on Huntsman from $40.00 to $47.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 11th. KeyCorp downgraded Huntsman from an “overweight” rating to a “sector weight” rating in a research note on Monday, March 21st. Finally, Alembic Global Advisors restated a “buy” rating and set a $48.00 price target on shares of Huntsman in a research note on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $47.09.

HUN opened at $34.44 on Wednesday. The business’s 50-day simple moving average is $36.80 and its 200-day simple moving average is $35.39. The company has a market cap of $7.39 billion, a P/E ratio of 6.37, a PEG ratio of 0.69 and a beta of 1.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.88. Huntsman has a one year low of $24.09 and a one year high of $41.65.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a $0.2125 dividend. This is a boost from Huntsman’s previous quarterly dividend of $0.19. This represents a $0.85 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, March 14th. Huntsman’s dividend payout ratio (DPR) is currently 15.71%.

Huntsman announced that its board has approved a stock repurchase plan on Monday, March 28th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to repurchase up to 24.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC lifted its holdings in shares of Huntsman by 22.6% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 16,633 shares of the basic materials company’s stock valued at $624,000 after buying an additional 3,069 shares during the period. Cookson Peirce & Co. Inc. acquired a new position in Huntsman during the first quarter worth $7,321,000. FinTrust Capital Advisors LLC acquired a new position in Huntsman during the first quarter worth $202,000. Bourgeon Capital Management LLC acquired a new position in Huntsman during the first quarter worth $38,000. Finally, Verdence Capital Advisors LLC raised its holdings in Huntsman by 7.0% during the first quarter. Verdence Capital Advisors LLC now owns 10,615 shares of the basic materials company’s stock worth $398,000 after purchasing an additional 690 shares during the last quarter. 84.02% of the stock is owned by institutional investors and hedge funds.

About Huntsman (Get Rating)

Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through 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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Earnings History and Estimates for Huntsman (NYSE:HUN)

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