Huntsman Corp. (NYSE:HUN) – Equities research analysts at Jefferies Group raised their Q4 2016 earnings per share (EPS) estimates for Huntsman Corp. in a research note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the firm will post earnings of $0.45 per share for the quarter, up from their prior forecast of $0.43. Jefferies Group has a “Buy” rating and a $20.00 price target on the stock.
Huntsman Corp. (NYSE:HUN) last issued its earnings results on Wednesday, July 27th. The company reported $0.53 EPS 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 business earned $2.54 billion during the quarter, compared to analyst estimates of $2.59 billion. During the same period in the previous year, the company posted $0.63 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year.
HUN has been the topic of a number of other research reports. Nomura reduced their target price on Huntsman Corp. from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research raised Huntsman Corp. from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, July 7th. Finally, Citigroup Inc. increased their target price on Huntsman Corp. from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $17.44.
Shares of Huntsman Corp. (NYSE:HUN) traded up 0.51% during mid-day trading on Thursday, reaching $15.71. The company had a trading volume of 1,932,413 shares. The firm has a 50-day moving average of $16.33 and a 200-day moving average of $14.90. The company has a market capitalization of $3.74 billion, a P/E ratio of 18.75 and a beta of 2.71. Huntsman Corp. has a 12-month low of $7.46 and a 12-month high of $18.12.
Hedge funds have recently bought and sold shares of the company. Nomura Holdings Inc. raised its stake in Huntsman Corp. by 58.9% in the second quarter. Nomura Holdings Inc. now owns 35,600 shares of the company’s stock worth $477,000 after buying an additional 13,200 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in Huntsman Corp. during the second quarter worth $1,143,000. Public Employees Retirement System of Ohio raised its stake in Huntsman Corp. by 665.9% in the second quarter. Public Employees Retirement System of Ohio now owns 324,308 shares of the company’s stock worth $4,362,000 after buying an additional 281,964 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Huntsman Corp. by 6.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 612,542 shares of the company’s stock worth $8,316,000 after buying an additional 39,059 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Huntsman Corp. by 27.8% in the second quarter. Stifel Financial Corp now owns 69,327 shares of the company’s stock worth $933,000 after buying an additional 15,088 shares in the last quarter. Institutional investors own 67.25% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued 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 dividend yield of 3.20%. Huntsman Corp.’s dividend payout ratio is currently 59.52%.
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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