Huntsman Co. (NYSE:HUN) – SunTrust Banks boosted their FY2018 earnings estimates for shares of Huntsman in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now forecasts that the basic materials company will post earnings per share of $2.91 for the year, up from their previous forecast of $2.54. SunTrust Banks currently has a “Buy” rating and a $32.00 target price on the stock. SunTrust Banks also issued estimates for Huntsman’s FY2019 earnings at $3.57 EPS.
Huntsman (NYSE:HUN) last issued its earnings results on Friday, October 27th. The basic materials company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.17. The business had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Huntsman had a net margin of 5.37% and a return on equity of 30.64%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.38 earnings per share.
Shares of Huntsman (HUN) traded down $0.20 during midday trading on Thursday, hitting $33.04. 3,401,400 shares of the stock were exchanged, compared to its average volume of 3,684,308. The firm has a market capitalization of $7,977.87, a PE ratio of 13.91, a price-to-earnings-growth ratio of 1.52 and a beta of 2.85. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.87 and a quick ratio of 1.52. Huntsman has a 1-year low of $18.93 and a 1-year high of $33.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 14th. Huntsman’s dividend payout ratio (DPR) is presently 23.47%.
In other news, CEO Anthony P. Hankins sold 80,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $31.88, for a total value of $2,550,400.00. Following the completion of the transaction, the chief executive officer now owns 442,615 shares of the company’s stock, valued at $14,110,566.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,061,783 shares of company stock valued at $512,316,794. 19.00% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. DSAM Partners London Ltd purchased a new position in Huntsman in the second quarter worth approximately $2,128,000. Chicago Equity Partners LLC increased its stake in shares of Huntsman by 1,462.7% during the second quarter. Chicago Equity Partners LLC now owns 443,035 shares of the basic materials company’s stock worth $11,448,000 after purchasing an additional 414,685 shares during the period. CIBC World Markets Inc. grew its position in Huntsman by 133.4% during the second quarter. CIBC World Markets Inc. now owns 708,530 shares of the basic materials company’s stock worth $18,308,000 after buying an additional 404,905 shares in the last quarter. Royal Bank of Canada grew its position in Huntsman by 58.6% during the second quarter. Royal Bank of Canada now owns 398,112 shares of the basic materials company’s stock worth $10,287,000 after buying an additional 147,090 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in Huntsman by 16.4% during the second quarter. Pacer Advisors Inc. now owns 35,389 shares of the basic materials company’s stock worth $914,000 after buying an additional 4,982 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.
Huntsman 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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