Seaport Res Ptn Comments on Huntsman Co.’s Q3 2022 Earnings (NYSE:HUN)

Huntsman Co. (NYSE:HUNGet Rating) – Investment analysts at Seaport Res Ptn decreased their Q3 2022 earnings per share (EPS) estimates for Huntsman in a report issued on Friday, September 16th. Seaport Res Ptn analyst M. Harrison now anticipates that the basic materials company will earn $0.71 per share for the quarter, down from their prior forecast of $0.88. The consensus estimate for Huntsman’s current full-year earnings is $4.29 per share. Seaport Res Ptn also issued estimates for Huntsman’s FY2022 earnings at $3.84 EPS.

Several other equities research analysts have also commented on HUN. Bank of America lowered Huntsman from a “buy” rating to an “underperform” rating and lowered their price objective for the stock from $45.00 to $34.00 in a research report on Tuesday, June 14th. Wells Fargo & Company lowered their price objective on Huntsman from $42.00 to $35.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 22nd. UBS Group lowered Huntsman from a “buy” rating to a “neutral” rating and set a $40.00 price objective on the stock. in a research report on Wednesday, August 3rd. StockNews.com lowered Huntsman from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 15th. Finally, Credit Suisse Group started coverage on Huntsman in a research report on Monday, September 12th. They set an “outperform” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.50.

Huntsman Trading Down 3.1 %

Huntsman stock opened at $25.68 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35. Huntsman has a 12 month low of $24.87 and a 12 month high of $41.65. The stock’s 50 day simple moving average is $28.76 and its two-hundred day simple moving average is $32.44. The firm has a market cap of $5.17 billion, a PE ratio of 4.42, a P/E/G ratio of 1.03 and a beta of 1.15.

Huntsman (NYSE:HUNGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.14 by $0.14. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up 16.7% compared to the same quarter last year.

Huntsman Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 3.31%. The ex-dividend date is Wednesday, September 14th. Huntsman’s dividend payout ratio is currently 14.63%.

Insider Activity at Huntsman

In other news, VP David M. Stryker acquired 10,000 shares of Huntsman stock in a transaction that occurred on Friday, August 12th. The stock was purchased at an average cost of $29.90 per share, with a total value of $299,000.00. Following the purchase, the vice president now owns 341,614 shares in the company, valued at $10,214,258.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, VP David M. Stryker bought 10,000 shares of the business’s stock in a transaction on Friday, August 12th. The stock was acquired at an average cost of $29.90 per share, with a total value of $299,000.00. Following the purchase, the vice president now directly owns 341,614 shares of the company’s stock, valued at $10,214,258.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Curtis E. Espeland bought 15,000 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was bought at an average cost of $30.18 per share, with a total value of $452,700.00. Following the completion of the purchase, the director now directly owns 18,533 shares in the company, valued at $559,325.94. The disclosure for this purchase can be found here. 6.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntsman

A number of hedge funds have recently modified their holdings of HUN. Ellevest Inc. grew its holdings in shares of Huntsman by 369.0% during the 1st quarter. Ellevest Inc. now owns 802 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 631 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Huntsman during the 1st quarter worth $30,000. CoreCap Advisors LLC purchased a new position in shares of Huntsman during the 2nd quarter worth $34,000. Bourgeon Capital Management LLC purchased a new position in shares of Huntsman during the 1st quarter worth $38,000. Finally, CWM LLC boosted its holdings in Huntsman by 45.3% during the 1st quarter. CWM LLC now owns 1,136 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 354 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

About Huntsman

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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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Earnings History and Estimates for Huntsman (NYSE:HUN)

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