Huntsman Corp. (NYSE:HUN) – Analysts at KeyCorp dropped their FY2016 earnings estimates for Huntsman Corp. in a report released on Monday. KeyCorp analyst I. Marcuse now anticipates that the brokerage will earn $1.55 per share for the year, down from their prior forecast of $1.75. KeyCorp also issued estimates for Huntsman Corp.’s FY2017 earnings at $1.70 EPS.
Huntsman Corp. (NYSE:HUN) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Huntsman Corp. had a return on equity of 26.60% and a net margin of 2.05%. The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the business posted $0.63 earnings per share. The business’s revenue was down 7.2% compared to the same quarter last year.
A number of other analysts have also recently issued reports on HUN. Nomura reaffirmed a “buy” rating on shares of Huntsman Corp. in a research report on Tuesday, July 12th. Jefferies Group reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Huntsman Corp. in a research report on Tuesday. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, July 7th. Finally, Citigroup Inc. raised their price objective on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $17.44.
Shares of Huntsman Corp. (NYSE:HUN) opened at 14.57 on Tuesday. The company has a market capitalization of $3.47 billion, a PE ratio of 17.39 and a beta of 2.71. The firm has a 50-day moving average price of $16.31 and a 200-day moving average price of $14.89. Huntsman Corp. has a 12 month low of $7.46 and a 12 month high of $18.12.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 3.43%. Huntsman Corp.’s dividend payout ratio (DPR) is presently 59.52%.
Institutional investors have recently bought and sold shares of the company. Creative Planning raised its position in Huntsman Corp. by 2.5% in the second quarter. Creative Planning now owns 8,270 shares of the company’s stock worth $111,000 after buying an additional 200 shares during the period. Rational Advisors LLC bought a new position in Huntsman Corp. during the second quarter worth approximately $125,000. OMERS ADMINISTRATION Corp bought a new position in Huntsman Corp. during the first quarter worth approximately $137,000. HighTower Advisors LLC bought a new position in Huntsman Corp. during the second quarter worth approximately $142,000. Finally, Loomis Sayles & Co. L P bought a new position in Huntsman Corp. during the first quarter worth approximately $148,000. Hedge funds and other institutional investors own 67.25% of the company’s stock.
Huntsman Corp. 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). It operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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