Huntsman Co. (NYSE:HUN) – Equities research analysts at KeyCorp raised their Q1 2018 EPS estimates for shares of Huntsman in a research note issued to investors on Wednesday, April 11th. KeyCorp analyst M. Sison now expects that the basic materials company will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.74. KeyCorp currently has a “Overweight” rating and a $42.00 target price on the stock. KeyCorp also issued estimates for Huntsman’s FY2018 earnings at $2.80 EPS.
Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, February 23rd. The basic materials company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.10. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.10 billion. Huntsman had a return on equity of 29.30% and a net margin of 6.73%. The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS.
NYSE HUN opened at $29.83 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.50 and a current ratio of 1.83. Huntsman has a 12 month low of $23.12 and a 12 month high of $36.09. The company has a market capitalization of $7,210.47, a P/E ratio of 12.03, a price-to-earnings-growth ratio of 1.29 and a beta of 2.72.
Several institutional investors and hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Huntsman by 34.9% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 12,142 shares of the basic materials company’s stock worth $404,000 after acquiring an additional 3,144 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $606,000. Sterling Capital Management LLC purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $3,526,000. Jump Trading LLC purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $205,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $694,000. 75.95% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Monte G. Edlund sold 2,000 shares of the company’s stock in a transaction that occurred on Saturday, February 17th. The stock was sold at an average price of $21.40, for a total transaction of $42,800.00. Following the sale, the insider now directly owns 52,696 shares of the company’s stock, valued at approximately $1,127,694.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.00% of the stock is owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were issued a dividend of $0.1625 per share. This represents a $0.65 annualized dividend and a dividend yield of 2.18%. This is a boost from Huntsman’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Wednesday, March 14th. Huntsman’s dividend payout ratio is 26.21%.
Huntsman announced that its Board of Directors has initiated a stock buyback program on Friday, February 23rd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the basic materials company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
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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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