$2.18 Billion in Sales Expected for Huntsman Co. (HUN) This Quarter

Analysts expect Huntsman Co. (NYSE:HUN) to post $2.18 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Huntsman’s earnings, with estimates ranging from $2.16 billion to $2.19 billion. Huntsman reported sales of $2.20 billion during the same quarter last year, which would suggest a negative year over year growth rate of 0.9%. The firm is expected to issue its next quarterly earnings report on Friday, February 22nd.

On average, analysts expect that Huntsman will report full year sales of $9.29 billion for the current financial year, with estimates ranging from $9.20 billion to $9.33 billion. For the next year, analysts forecast that the business will post sales of $9.47 billion, with estimates ranging from $8.75 billion to $9.94 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Huntsman.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Tuesday, October 30th. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Huntsman had a net margin of 9.88% and a return on equity of 22.96%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share.

HUN has been the subject of a number of analyst reports. ValuEngine cut shares of Huntsman from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Citigroup cut shares of Huntsman from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $43.00 to $30.00 in a report on Monday, October 1st. Morgan Stanley initiated coverage on shares of Huntsman in a report on Tuesday, September 25th. They set an “equal weight” rating and a $30.00 price objective for the company. Barclays initiated coverage on shares of Huntsman in a report on Monday, October 8th. They set an “underweight” rating and a $29.00 price objective for the company. Finally, MED restated a “buy” rating on shares of Huntsman in a report on Monday, September 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.13.

NYSE HUN traded down $0.95 during trading on Wednesday, reaching $18.18. 4,818,484 shares of the stock traded hands, compared to its average volume of 2,769,369. The stock has a market cap of $4.56 billion, a P/E ratio of 7.33, a P/E/G ratio of 0.66 and a beta of 2.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 1.88. Huntsman has a fifty-two week low of $18.13 and a fifty-two week high of $36.09.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Friday, December 14th will be paid a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, December 13th. Huntsman’s payout ratio is currently 26.21%.

In related news, VP David M. Stryker purchased 2,000 shares of the business’s stock in a transaction on Monday, November 5th. The shares were purchased at an average price of $22.92 per share, with a total value of $45,840.00. Following the completion of the purchase, the vice president now owns 123,752 shares in the company, valued at approximately $2,836,395.84. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David M. Stryker purchased 1,282 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was bought at an average cost of $21.55 per share, for a total transaction of $27,627.10. Following the purchase, the vice president now owns 122,852 shares of the company’s stock, valued at approximately $2,647,460.60. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 35,782 shares of company stock worth $731,992. Insiders own 19.00% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. FTB Advisors Inc. bought a new position in Huntsman in the second quarter valued at approximately $114,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Huntsman in the second quarter worth $122,000. Willingdon Wealth Management bought a new stake in shares of Huntsman in the third quarter worth $118,000. Stratos Wealth Partners LTD. bought a new stake in shares of Huntsman in the third quarter worth $177,000. Finally, Csenge Advisory Group bought a new stake in shares of Huntsman in the third quarter worth $152,000. 77.51% of the stock is currently owned by hedge funds and other institutional investors.

Huntsman Company Profile

Huntsman Corporation, through its subsidiary, Huntsman International LLC, manufactures and sells differentiated organic chemical products worldwide. The company operates in 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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