Huntsman Co. (NYSE:HUN) – Research analysts at Jefferies Group boosted their Q2 2018 EPS estimates for shares of Huntsman in a research report issued on Monday. Jefferies Group analyst L. Alexander now expects that the basic materials company will earn $0.74 per share for the quarter, up from their previous forecast of $0.69. Jefferies Group has a “Buy” rating and a $43.00 price objective on the stock. Jefferies Group also issued estimates for Huntsman’s Q3 2018 earnings at $0.59 EPS and FY2019 earnings at $2.90 EPS.
Huntsman (NYSE:HUN) last released its earnings results on Friday, February 23rd. The basic materials company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. Huntsman had a net margin of 6.73% and a return on equity of 29.30%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year.
Shares of Huntsman (HUN) opened at $33.26 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.52 and a current ratio of 1.83. Huntsman has a one year low of $21.60 and a one year high of $36.09. The firm has a market cap of $7,980.00, a P/E ratio of 19.11, a P/E/G ratio of 1.51 and a beta of 2.76.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.1625 dividend. This is a boost from Huntsman’s previous quarterly dividend of $0.13. The ex-dividend date is Wednesday, March 14th. This represents a $0.65 annualized dividend and a yield of 1.95%. Huntsman’s dividend payout ratio is presently 28.74%.
Huntsman announced that its board has approved a share repurchase plan on Friday, February 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Huntsman news, VP J Kimo Esplin sold 240,793 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $30.99, for a total value of $7,462,175.07. Following the completion of the transaction, the vice president now owns 528,889 shares in the company, valued at $16,390,270.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The disclosure for this sale can be found here. Insiders sold 24,154,548 shares of company stock valued at $527,750,108 in the last quarter. 19.00% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in shares of Huntsman in the fourth quarter valued at $128,000. Assetmark Inc. increased its position in shares of Huntsman by 1,658.4% in the third quarter. Assetmark Inc. now owns 3,974 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,748 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Huntsman in the fourth quarter valued at $133,000. American International Group Inc. purchased a new position in shares of Huntsman in the fourth quarter valued at $149,000. Finally, Jump Trading LLC acquired a new stake in shares of Huntsman during the fourth quarter valued at $205,000. Institutional investors and hedge funds own 79.46% of the company’s stock.
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Huntsman Company Profile
Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives.
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