Zacks: Analysts Anticipate Huntsman Co. (NYSE:HUN) Will Post Earnings of $1.11 Per Share

Equities analysts predict that Huntsman Co. (NYSE:HUNGet Rating) will post earnings per share of $1.11 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Huntsman’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $0.97. Huntsman reported earnings per share of $0.86 during the same quarter last year, which would indicate a positive year over year growth rate of 29.1%. The company is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Huntsman will report full-year earnings of $4.34 per share for the current year, with EPS estimates ranging from $3.75 to $4.58. For the next fiscal year, analysts forecast that the firm will report earnings of $4.90 per share, with EPS estimates ranging from $4.40 to $5.45. Zacks’ earnings per share calculations are an average based on a survey of research analysts 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, topping the consensus estimate of $1.00 by $0.19. 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 analyst estimates of $2.28 billion. During the same quarter in the prior year, the firm posted $0.66 EPS. The business’s quarterly revenue was up 30.0% compared to the same quarter last year.

A number of brokerages have issued reports on HUN. Jefferies Financial Group increased their price target on Huntsman from $46.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, February 16th. Bank of America assumed coverage on shares of Huntsman in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. Barclays decreased their price target on shares of Huntsman from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, March 28th. Alembic Global Advisors reiterated a “buy” rating and set a $48.00 price target on shares of Huntsman in a research report on Monday, February 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Huntsman from $46.00 to $40.00 in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $47.09.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp raised its holdings in shares of Huntsman by 0.9% in the 4th quarter. Sigma Planning Corp now owns 33,796 shares of the basic materials company’s stock valued at $1,179,000 after purchasing an additional 288 shares in the last quarter. CWM LLC boosted its position in shares of Huntsman by 45.3% during the 1st quarter. CWM LLC now owns 1,136 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 354 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Huntsman by 4.0% during the 4th quarter. CIBC Asset Management Inc now owns 9,228 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 355 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in shares of Huntsman by 53.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,331 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 462 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in Huntsman by 5.7% during the first quarter. Stephens Inc. AR now owns 9,757 shares of the basic materials company’s stock worth $366,000 after purchasing an additional 528 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

HUN traded down $0.05 on Friday, reaching $35.25. The stock had a trading volume of 1,741,890 shares, compared to its average volume of 2,390,266. The company has a market cap of $7.40 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 0.65 and a beta of 1.13. The business’s 50-day moving average price is $35.89 and its two-hundred day moving average price is $35.59. The company has a current ratio of 1.88, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Huntsman has a 12-month low of $24.09 and a 12-month high of $41.65.

Huntsman announced that its board has initiated a stock buyback plan on Monday, March 28th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 24.4% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be given a dividend of $0.2125 per share. The ex-dividend date is Tuesday, June 14th. This represents a $0.85 annualized dividend and a dividend yield of 2.41%. Huntsman’s dividend payout ratio is currently 15.71%.

Huntsman Company Profile (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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