Huntsman Co. (NYSE:HUN - Free Report) - Investment analysts at Seaport Res Ptn decreased their Q2 2024 earnings estimates for shares of Huntsman in a research note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $0.14 per share for the quarter, down from their prior forecast of $0.20. The consensus estimate for Huntsman's current full-year earnings is $0.48 per share. Seaport Res Ptn also issued estimates for Huntsman's Q3 2024 earnings at $0.23 EPS, FY2024 earnings at $0.45 EPS and FY2025 earnings at $1.77 EPS.
A number of other research firms also recently commented on HUN. Wells Fargo & Company upgraded shares of Huntsman from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. Stifel Nicolaus reduced their price objective on shares of Huntsman from $30.00 to $29.00 and set a "buy" rating for the company in a research note on Wednesday, January 24th. Royal Bank of Canada increased their price objective on shares of Huntsman from $20.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of Huntsman from $25.00 to $28.00 and gave the stock a "sell" rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.55.
Get Our Latest Analysis on Huntsman
Huntsman Stock Up 0.2 %
NYSE HUN traded up $0.04 on Thursday, reaching $23.72. The company had a trading volume of 1,484,022 shares, compared to its average volume of 1,977,788. The company's fifty day moving average is $25.21 and its 200-day moving average is $24.62. Huntsman has a 1-year low of $22.14 and a 1-year high of $29.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.97. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 44.75 and a beta of 1.12.
Huntsman (NYSE:HUN - Get Free Report) last announced its earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.07). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.33 billion. Huntsman had a return on equity of 1.92% and a net margin of 1.65%. Huntsman's revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.04 earnings per share.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of HUN. Quadrant Capital Group LLC raised its holdings in Huntsman by 93.0% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 521 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Huntsman during the first quarter worth approximately $30,000. GAMMA Investing LLC bought a new position in shares of Huntsman during the fourth quarter worth approximately $36,000. Montag A & Associates Inc. bought a new position in shares of Huntsman during the fourth quarter worth approximately $45,000. Finally, GeoWealth Management LLC bought a new position in shares of Huntsman during the first quarter worth approximately $49,000. 84.81% of the stock is owned by institutional investors.
Huntsman Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. This is a boost from Huntsman's previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.22%. The ex-dividend date was Thursday, March 14th. Huntsman's dividend payout ratio is currently 188.68%.
About Huntsman
(
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Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.
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