Huntsman Corporation (NYSE:HUN) – Equities research analysts at SunTrust Banks raised their Q3 2017 earnings estimates for Huntsman Corporation in a research report issued on Monday. SunTrust Banks analyst J. Sheehan now forecasts that the basic materials company will post earnings of $0.52 per share for the quarter, up from their prior estimate of $0.42. SunTrust Banks also issued estimates for Huntsman Corporation’s FY2017 earnings at $2.32 EPS and FY2018 earnings at $2.25 EPS.
Several other equities analysts have also weighed in on HUN. Instinet reiterated a “buy” rating and issued a $34.00 target price (up from $30.00) on shares of Huntsman Corporation in a report on Wednesday. UBS AG boosted their target price on shares of Huntsman Corporation from $31.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Huntsman Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Nomura boosted their target price on shares of Huntsman Corporation from $30.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday. Finally, BidaskClub lowered shares of Huntsman Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $30.33.
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Shares of Huntsman Corporation (NYSE:HUN) opened at 27.75 on Thursday. The firm has a 50-day moving average of $26.42 and a 200 day moving average of $25.20. The company has a market cap of $6.66 billion, a P/E ratio of 15.73 and a beta of 2.79. Huntsman Corporation has a 52 week low of $14.75 and a 52 week high of $28.67.
Huntsman Corporation (NYSE:HUN) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.18. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.64 billion. Huntsman Corporation had a net margin of 4.33% and a return on equity of 30.04%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.80%. Huntsman Corporation’s dividend payout ratio is currently 28.41%.
In other news, 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 transaction, the vice president now directly owns 69,148 shares in the company, valued at approximately $1,780,561. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Randy W. Wright sold 56,675 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $25.76, for a total transaction of $1,459,948.00. Following the completion of the transaction, the vice president now owns 66,023 shares in the company, valued at $1,700,752.48. The disclosure for this sale can be found here. Corporate insiders own 19.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HUN. BlackRock Inc. lifted its holdings in Huntsman Corporation by 12,556.8% during the 1st 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 in the last quarter. CNH Partners LLC acquired a new stake in Huntsman Corporation during the 2nd quarter worth approximately $173,105,000. Farallon Capital Management LLC acquired a new stake in Huntsman Corporation during the 2nd quarter worth approximately $140,053,000. Vanguard Group Inc. lifted its holdings in Huntsman Corporation by 18.9% during the 1st 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Huntsman Corporation by 119.2% during the 2nd quarter. Principal Financial Group Inc. now owns 4,809,158 shares of the basic materials company’s stock worth $124,269,000 after buying an additional 2,615,454 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.
Huntsman Corporation Company Profile
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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