Huntsman Co. (NYSE:HUN - Free Report) - Research analysts at Seaport Res Ptn cut their Q1 2024 EPS estimates for shares of Huntsman in a note issued to investors on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn ($0.07) per share for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Huntsman's current full-year earnings is $0.47 per share. Seaport Res Ptn also issued estimates for Huntsman's Q4 2024 earnings at $0.15 EPS.
Huntsman (NYSE:HUN - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). The firm had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.33 billion. Huntsman had a net margin of 1.65% and a return on equity of 1.92%. The company's quarterly revenue was down 15.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 EPS.
Several other equities research analysts have also recently commented on HUN. The Goldman Sachs Group raised their target price on shares of Huntsman from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Tuesday, March 5th. Stifel Nicolaus dropped their target price on shares of Huntsman from $30.00 to $29.00 and set a "buy" rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada raised their target price on shares of Huntsman from $20.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company upgraded shares of Huntsman from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Huntsman presently has a consensus rating of "Hold" and an average price target of $26.55.
Read Our Latest Report on Huntsman
Huntsman Trading Up 0.0 %
HUN traded up $0.01 during trading on Friday, hitting $23.73. 1,582,970 shares of the stock traded hands, compared to its average volume of 1,972,593. The firm has a market capitalization of $4.10 billion, a P/E ratio of 44.76 and a beta of 1.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 1.23. The firm has a 50-day moving average of $25.20 and a 200 day moving average of $24.62. Huntsman has a 12-month low of $22.14 and a 12-month high of $29.90.
Institutional Trading of Huntsman
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC grew its stake in shares of Huntsman by 93.0% in the fourth quarter. Quadrant Capital Group LLC now owns 1,081 shares of the basic materials company's stock worth $27,000 after acquiring an additional 521 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Huntsman in the first quarter worth approximately $30,000. GAMMA Investing LLC bought a new stake in shares of Huntsman in the fourth quarter worth approximately $36,000. Montag A & Associates Inc. bought a new stake in shares of Huntsman in the fourth quarter worth approximately $45,000. Finally, GeoWealth Management LLC bought a new stake in shares of Huntsman in the first quarter worth approximately $49,000. 84.81% of the stock is currently owned by institutional investors.
Huntsman Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.25 per share. This is a positive change from Huntsman's previous quarterly dividend of $0.24. This represents a $1.00 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 14th. Huntsman's dividend payout ratio (DPR) is currently 188.68%.
Huntsman Company Profile
(
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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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