Zacks Research Research Analysts Decrease Earnings Estimates for Huntsman Co. (NYSE:HUN)

Huntsman Co. (NYSE:HUN - Free Report) - Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Huntsman in a research report issued on Monday, May 13th. Zacks Research analyst S. Rathi now anticipates that the basic materials company will post earnings per share of $0.29 for the year, down from their prior estimate of $0.45. The consensus estimate for Huntsman's current full-year earnings is $0.40 per share. Zacks Research also issued estimates for Huntsman's Q4 2024 earnings at $0.09 EPS, Q1 2025 earnings at $0.26 EPS and FY2025 earnings at $0.99 EPS.

Huntsman (NYSE:HUN - Get Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.06). Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm earned $0.20 earnings per share. The company's revenue was down 8.5% on a year-over-year basis.

HUN has been the topic of several other reports. 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 report on Tuesday, March 5th. Royal Bank of Canada lifted their price objective on Huntsman from $24.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, May 7th. Wells Fargo & Company raised Huntsman from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. Finally, Stifel Nicolaus decreased their price target on Huntsman from $30.00 to $29.00 and set a "buy" rating on the stock in a research report on Wednesday, January 24th. Two research 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. Based on data from MarketBeat.com, Huntsman has a consensus rating of "Hold" and a consensus price target of $26.73.

Huntsman Stock Performance

Huntsman stock traded down $0.09 during midday trading on Wednesday, hitting $25.13. The company's stock had a trading volume of 1,319,753 shares, compared to its average volume of 1,953,716. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.55 and a quick ratio of 0.98. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -48.33 and a beta of 1.14. Huntsman has a 1-year low of $22.14 and a 1-year high of $29.90. The company has a 50-day moving average price of $25.02 and a two-hundred day moving average price of $24.77.

Institutional Investors Weigh In On Huntsman

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Huntsman by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,214,010 shares of the basic materials company's stock valued at $256,681,000 after buying an additional 210,754 shares in the last quarter. FMR LLC grew its position in Huntsman by 2.2% during the 3rd quarter. FMR LLC now owns 8,379,307 shares of the basic materials company's stock worth $204,455,000 after acquiring an additional 183,734 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Huntsman by 1.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 6,560,737 shares of the basic materials company's stock worth $170,776,000 after purchasing an additional 88,635 shares in the last quarter. Invesco Ltd. raised its position in Huntsman by 14.6% in the third quarter. Invesco Ltd. now owns 4,372,034 shares of the basic materials company's stock valued at $106,678,000 after purchasing an additional 556,629 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company's stock valued at $79,198,000 after purchasing an additional 1,359,437 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.98%. Huntsman's dividend payout ratio (DPR) is currently -192.31%.

Huntsman Company Profile

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.