News headlines about Huntsman (NYSE:HUN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntsman earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.9573647370753 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- JEC World 2018 preview: Huntsman Advanced Materials (compositesworld.com)
- KeyCorp Weighs in on Huntsman Co.’s Q2 2018 Earnings (HUN) (americanbankingnews.com)
- Equities Analysts Issue Forecasts for Huntsman Co.’s Q1 2018 Earnings (HUN) (americanbankingnews.com)
- Carillon Tower Advisers Inc. Buys Shares of 794,520 Huntsman Co. (HUN) (americanbankingnews.com)
- Tax for cities without homeless shelters introduced, committee OKs public breastfeeding bill (ksl.com)
Several equities analysts recently issued reports on HUN shares. Alembic Global Advisors restated a “buy” rating on shares of Huntsman in a report on Monday, November 6th. Goldman Sachs Group reiterated a “hold” rating and set a $36.00 price objective on shares of Huntsman in a report on Monday, December 4th. JPMorgan Chase & Co. began coverage on shares of Huntsman in a report on Wednesday, December 13th. They set an “overweight” rating and a $36.00 price objective on the stock. ValuEngine lowered shares of Huntsman from a “strong-buy” rating to a “buy” rating in a report on Friday, December 15th. Finally, Tudor Pickering began coverage on shares of Huntsman in a report on Friday, January 19th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Huntsman currently has an average rating of “Buy” and a consensus price target of $35.92.
Huntsman (NYSE:HUN) last posted 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 company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s revenue was up 15.7% compared to the same quarter last year. sell-side analysts forecast that Huntsman will post 2.71 earnings per share for the current fiscal year.
Huntsman announced that its board has authorized a share buyback program on Friday, February 23rd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Huntsman’s previous quarterly dividend of $0.13. Huntsman’s dividend payout ratio is currently 28.74%.
In related news, VP J Kimo Esplin sold 240,793 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $30.99, for a total value of $7,462,175.07. Following the sale, the vice president now owns 528,889 shares in the company, valued at approximately $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 1,948,955 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $21.66, for a total transaction of $42,214,365.30. The disclosure for this sale can be found here. Insiders sold a total of 24,154,548 shares of company stock worth $527,750,108 in the last 90 days. 19.00% of the stock is currently owned by company insiders.
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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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