Huntsman Co. (NYSE:HUN – Get Rating) – Analysts at KeyCorp increased their Q3 2022 EPS estimates for shares of Huntsman in a research report issued on Tuesday, August 2nd. KeyCorp analyst A. Yefremov now forecasts that the basic materials company will post earnings per share of $1.06 for the quarter, up from their previous forecast of $0.97. The consensus estimate for Huntsman’s current full-year earnings is $4.45 per share. KeyCorp also issued estimates for Huntsman’s FY2022 earnings at $4.47 EPS and FY2023 earnings at $3.95 EPS.
Huntsman (NYSE:HUN – Get Rating) last issued its earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.14. Huntsman had a net margin of 13.45% and a return on equity of 22.23%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 16.7% on a year-over-year basis.
Huntsman Stock Up 1.1 %
Shares of Huntsman stock opened at $28.92 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.12 and a quick ratio of 1.23. Huntsman has a 1 year low of $24.09 and a 1 year high of $41.65. The firm’s 50-day moving average is $30.29 and its two-hundred day moving average is $34.43. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 4.98, a PEG ratio of 1.21 and a beta of 1.16.
Hedge Funds Weigh In On Huntsman
Institutional investors have recently made changes to their positions in the company. CWM LLC purchased a new position in shares of Huntsman during the 4th quarter valued at approximately $27,000. Ellevest Inc. grew its stake in Huntsman by 369.0% in the 1st quarter. Ellevest Inc. now owns 802 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 631 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Huntsman in the 1st quarter valued at $30,000. Orion Capital Management LLC acquired a new stake in Huntsman in the 4th quarter valued at $35,000. Finally, Capital Advisors Ltd. LLC acquired a new stake in Huntsman in the 4th quarter valued at $38,000. 84.02% of the stock is owned by hedge funds and other institutional investors.
Huntsman Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 2.94%. Huntsman’s dividend payout ratio (DPR) is 14.63%.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates through four segments: Polyurethanes, Performance Products, Advanced Materials, and Textile Effects. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether products.
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