Huntsman Co. (NYSE:HUN) – Analysts at SunTrust Banks increased their FY2020 earnings estimates for shares of Huntsman in a research report issued to clients and investors on Monday, December 2nd. SunTrust Banks analyst J. Sheehan now anticipates that the basic materials company will earn $2.09 per share for the year, up from their previous forecast of $2.08. SunTrust Banks currently has a “Buy” rating and a $29.00 target price on the stock.
Huntsman (NYSE:HUN) last released its quarterly earnings results on Friday, October 25th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Huntsman had a negative net margin of 0.99% and a positive return on equity of 17.06%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business posted $0.84 EPS. Huntsman’s revenue was down 14.3% on a year-over-year basis.
Shares of HUN stock opened at $21.90 on Wednesday. The stock has a market capitalization of $5.19 billion, a PE ratio of 6.56, a PEG ratio of 1.83 and a beta of 2.32. The business’s 50 day simple moving average is $23.08 and its 200 day simple moving average is $21.04. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.96 and a quick ratio of 1.45. Huntsman has a one year low of $17.33 and a one year high of $25.66.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.1625 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.65 annualized dividend and a dividend yield of 2.97%. Huntsman’s payout ratio is currently 19.46%.
Several hedge funds have recently modified their holdings of HUN. Point72 Asset Management L.P. lifted its stake in Huntsman by 162.2% in the third quarter. Point72 Asset Management L.P. now owns 2,200,591 shares of the basic materials company’s stock valued at $51,186,000 after purchasing an additional 1,361,317 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in Huntsman during the second quarter valued at $18,859,000. Invesco Ltd. grew its holdings in Huntsman by 37.2% during the second quarter. Invesco Ltd. now owns 3,093,714 shares of the basic materials company’s stock valued at $63,235,000 after purchasing an additional 838,161 shares during the period. Carillon Tower Advisers Inc. increased its position in Huntsman by 44.0% in the third quarter. Carillon Tower Advisers Inc. now owns 2,510,914 shares of the basic materials company’s stock worth $58,404,000 after buying an additional 767,750 shares during the last quarter. Finally, Goldentree Asset Management LP increased its position in Huntsman by 47.8% in the second quarter. Goldentree Asset Management LP now owns 1,858,591 shares of the basic materials company’s stock worth $38,027,000 after buying an additional 600,940 shares during the last quarter. Institutional investors own 73.05% of the company’s stock.
Huntsman Corporation 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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