Huntsman (NYSE:HUN) Releases Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Huntsman reported quarterly EPS of $0.04, missing the $0.07 consensus estimate by $0.03. Revenue reached $1.72 billion, exceeding expectations of $1.61 billion.
• The company posted a negative net margin of 3.05% and negative return on equity of 3.49%, while shares traded at $9.94 and remained below their 200-day moving average of $11.68.
• Analyst sentiment is cautious: Huntsman has a consensus “Hold” rating and an average price target of $11.31, with several firms recently cutting targets to $9.00.

Huntsman (NYSE:HUN - Get Free Report) posted its quarterly earnings data on Monday. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. Huntsman had a negative return on equity of 3.49% and a negative net margin of 3.05%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.61 billion.

Huntsman Stock Performance

NYSE:HUN traded up $0.30 during trading hours on Monday, hitting $9.94. 4,496,871 shares of the company were exchanged, compared to its average volume of 5,068,028. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. Huntsman has a 52-week low of $7.30 and a 52-week high of $16.08. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of -9.56 and a beta of 0.73. The company's 50 day moving average price is $9.00 and its 200-day moving average price is $11.68.

Analyst Ratings Changes

Several research firms have issued reports on HUN. Zacks Research lowered shares of Huntsman from a "hold" rating to a "strong sell" rating in a report on Monday, October 12th. Wells Fargo & Company decreased their price objective on Huntsman from $11.00 to $9.00 and set an "equal weight" rating for the company in a report on Tuesday, October 6th. Royal Bank Of Canada decreased their price objective on Huntsman from $10.00 to $9.00 and set a "sector perform" rating for the company in a report on Tuesday, October 13th. KeyCorp started coverage on Huntsman in a research report on Friday, September 11th. They issued an "overweight" rating and a $14.00 price objective for the company. Finally, UBS Group dropped their target price on Huntsman from $10.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.31.

Huntsman Company Profile

Huntsman Corporation NYSE: HUN is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman's principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.

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