Huntsman (NYSE:HUN) Releases Earnings Results, Beats Estimates By $0.14 EPS

Huntsman (NYSE:HUN – Get Rating) posted its earnings results on Tuesday. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.14 by $0.14, Briefing.com reports. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company earned $0.86 EPS. Huntsman’s revenue was up 16.7% on a year-over-year basis.

Huntsman Trading Down 0.6 %

NYSE HUN traded down $0.17 during trading hours on Thursday, hitting $28.61. The company’s stock had a trading volume of 1,761,235 shares, compared to its average volume of 2,540,058. The stock has a fifty day moving average of $30.45 and a 200 day moving average of $34.49. The company has a quick ratio of 1.23, a current ratio of 1.88 and a debt-to-equity ratio of 0.34. Huntsman has a twelve month low of $24.09 and a twelve month high of $41.65. The firm has a market capitalization of $6.00 billion, a P/E ratio of 4.92, a PEG ratio of 1.24 and a beta of 1.16.

Huntsman Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a dividend of $0.2125 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.97%. Huntsman’s dividend payout ratio (DPR) is 14.63%.

Analyst Upgrades and Downgrades

HUN has been the subject of a number of analyst reports. StockNews.com cut Huntsman from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 15th. Bank of America lowered shares of Huntsman from a “buy” rating to an “underperform” rating and reduced their price target for the company from $45.00 to $34.00 in a research report on Tuesday, June 14th. Citigroup dropped their price objective on shares of Huntsman from $35.00 to $34.00 in a report on Thursday. UBS Group downgraded Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 target price on the stock. in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Huntsman from $40.00 to $35.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.77.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. bought a new stake in Huntsman in the first quarter valued at about $30,000. Worth Asset Management LLC bought a new stake in shares of Huntsman in the 1st quarter valued at about $89,000. MetLife Investment Management LLC acquired a new stake in shares of Huntsman in the 1st quarter valued at approximately $155,000. Federated Hermes Inc. boosted its stake in Huntsman by 1,128.4% during the 1st quarter. Federated Hermes Inc. now owns 4,275 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 3,927 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Huntsman during the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 84.02% of the company’s stock.

Huntsman Company Profile

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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.