Huntsman Corporation (NYSE:HUN) - Stock analysts at KeyCorp cut their Q2 2017 earnings estimates for shares of Huntsman Corporation in a research note issued to investors on Sunday. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings per share of $0.70 for the quarter, down from their prior estimate of $0.80. KeyCorp also issued estimates for Huntsman Corporation’s Q3 2017 earnings at $0.55 EPS and FY2017 earnings at $2.30 EPS.
Huntsman Corporation (NYSE:HUN) last announced its earnings results on Wednesday, April 26th. The basic materials company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.19. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.43 billion. Huntsman Corporation had a net margin of 3.54% and a return on equity of 25.96%. Huntsman Corporation’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share.
A number of other brokerages have also recently issued reports on HUN. Jefferies Group LLC reiterated a “buy” rating and set a $29.00 target price on shares of Huntsman Corporation in a report on Friday, July 14th. Instinet reiterated a “buy” rating and set a $30.00 target price on shares of Huntsman Corporation in a report on Sunday, July 9th. BidaskClub upgraded Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research cut Huntsman Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 27th. Finally, ValuEngine upgraded Huntsman Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $27.71.
Huntsman Corporation (NYSE:HUN) opened at 27.03 on Wednesday. The stock has a market cap of $6.48 billion, a price-to-earnings ratio of 18.88 and a beta of 2.81. The firm’s 50-day moving average is $25.23 and its 200 day moving average is $23.45. Huntsman Corporation has a 52 week low of $14.16 and a 52 week high of $28.20.
Several institutional investors have recently made changes to their positions in HUN. BlackRock Inc. increased its position in shares of Huntsman Corporation by 12,556.8% in the first quarter. BlackRock Inc. now owns 10,242,161 shares of the basic materials company’s stock worth $251,343,000 after buying an additional 10,161,239 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Huntsman Corporation by 18.9% in the first quarter. Vanguard Group Inc. now owns 22,043,506 shares of the basic materials company’s stock worth $540,948,000 after buying an additional 3,497,649 shares during the last quarter. Norges Bank purchased a new position in shares of Huntsman Corporation during the fourth quarter worth about $40,096,000. Systematic Financial Management LP increased its position in shares of Huntsman Corporation by 1,741.6% in the first quarter. Systematic Financial Management LP now owns 1,831,909 shares of the basic materials company’s stock worth $44,955,000 after buying an additional 1,732,434 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Huntsman Corporation by 53.6% in the first quarter. Principal Financial Group Inc. now owns 2,193,704 shares of the basic materials company’s stock worth $53,834,000 after buying an additional 765,314 shares during the last quarter. 71.74% of the stock is currently owned by institutional investors.
In other Huntsman Corporation news, CFO Sean Douglas bought 2,500 shares of the business’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $23.74 per share, with a total value of $59,350.00. Following the transaction, the chief financial officer now directly owns 66,996 shares in the company, valued at approximately $1,590,485.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Randy W. Wright sold 32,962 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $25.75, for a total value of $848,771.50. Following the completion of the transaction, the vice president now directly owns 69,148 shares in the company, valued at $1,780,561. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 189,637 shares of company stock worth $4,860,720. 19.00% of the stock is currently owned by corporate insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Tuesday, June 13th. Huntsman Corporation’s payout ratio is 34.97%.
About Huntsman Corporation
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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