Seaport Res Ptn Analysts Cut Earnings Estimates for Huntsman Co. (NYSE:HUN)

Huntsman Co. (NYSE:HUN) – Stock analysts at Seaport Res Ptn decreased their Q1 2024 earnings estimates for Huntsman in a research report issued to clients and investors on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will post earnings per share of ($0.07) for the quarter, down from their previous estimate 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) last posted its quarterly earnings data 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). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same quarter last year, the company earned $0.04 earnings per share. The company’s quarterly revenue was down 15.0% compared to the same quarter last year.

Several other research firms have also recently weighed in 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 report on Friday, February 23rd. 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 report on Tuesday, March 5th. Stifel Nicolaus reduced their price target on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Royal Bank of Canada raised their price target on shares of Huntsman from $20.00 to $24.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.55.

Huntsman Trading Up 0.2 %

HUN opened at $23.72 on Friday. Huntsman has a twelve month low of $22.14 and a twelve month high of $29.90. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $25.21 and a 200-day moving average of $24.62. The stock has a market cap of $4.10 billion, a PE ratio of 44.75 and a beta of 1.12.

Institutional Trading of Huntsman

Several hedge funds have recently added to or reduced their stakes in HUN. American Century Companies Inc. raised its position in Huntsman by 33.6% in the first quarter. American Century Companies Inc. now owns 27,472 shares of the basic materials company’s stock worth $1,030,000 after acquiring an additional 6,907 shares during the period. HighTower Advisors LLC increased its stake in shares of Huntsman by 42.3% in the first quarter. HighTower Advisors LLC now owns 13,414 shares of the basic materials company’s stock worth $506,000 after purchasing an additional 3,986 shares in the last quarter. MetLife Investment Management LLC purchased a new position in shares of Huntsman in the first quarter worth about $155,000. BlackRock Inc. increased its stake in shares of Huntsman by 0.4% in the first quarter. BlackRock Inc. now owns 12,672,792 shares of the basic materials company’s stock worth $475,358,000 after purchasing an additional 47,739 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in shares of Huntsman by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 14,250 shares of the basic materials company’s stock worth $565,000 after purchasing an additional 1,173 shares in the last quarter. Institutional investors own 84.81% of the company’s stock.

Huntsman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.25 dividend. This is a positive change from Huntsman’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 4.22%. Huntsman’s payout ratio is currently 188.68%.

About Huntsman

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.