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

Huntsman Co. (NYSE:HUN) – Equities research analysts at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Huntsman in a research note issued on Monday, August 19th. Zacks Research analyst S. Rathi now anticipates that the basic materials company will post earnings of $0.09 per share for the quarter, down from their prior estimate of $0.16. The consensus estimate for Huntsman’s current full-year earnings is $0.33 per share. Zacks Research also issued estimates for Huntsman’s FY2024 earnings at $0.22 EPS, FY2025 earnings at $0.98 EPS and Q1 2026 earnings at $0.32 EPS.

Huntsman (NYSE:HUN) last issued its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.61 billion. Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.22 earnings per share.

Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada dropped their target price on Huntsman from $30.00 to $21.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Wells Fargo & Company cut their price target on Huntsman from $28.00 to $26.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. UBS Group lowered their price objective on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Finally, Citigroup cut their price objective on shares of Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Huntsman has a consensus rating of “Hold” and an average price target of $25.56.

Huntsman Stock Up 2.0 %

Shares of NYSE:HUN opened at $21.17 on Tuesday. Huntsman has a 1-year low of $19.91 and a 1-year high of $28.36. 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 stock has a market cap of $3.66 billion, a P/E ratio of -40.70 and a beta of 1.01. The firm has a fifty day moving average price of $22.37 and a 200 day moving average price of $23.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HUN. International Assets Investment Management LLC acquired a new stake in Huntsman during the 4th quarter valued at $295,000. Mirae Asset Global Investments Co. Ltd. increased its position in Huntsman by 204.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 59,217 shares of the basic materials company’s stock worth $1,488,000 after purchasing an additional 39,749 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Huntsman by 31.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 61,433 shares of the basic materials company’s stock valued at $1,544,000 after purchasing an additional 14,574 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Huntsman by 9.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 36,495 shares of the basic materials company’s stock valued at $917,000 after purchasing an additional 3,260 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in Huntsman by 9.8% in the 4th quarter. Verdence Capital Advisors LLC now owns 12,768 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.72%. The ex-dividend date is Friday, September 13th. Huntsman’s payout ratio 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.