Huntsman Co. (NYSE:HUN – Get Rating) – Research analysts at Seaport Res Ptn dropped 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 post earnings per share of $0.71 for the quarter, down from their previous 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.
Huntsman (NYSE:HUN – Get Rating) last released its earnings results on Tuesday, August 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.14. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.30 billion. Huntsman had a return on equity of 22.23% and a net margin of 13.45%. Huntsman’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share.
Huntsman Trading Up 0.4 %
NYSE:HUN opened at $25.79 on Monday. The firm has a market cap of $5.19 billion, a PE ratio of 4.44, a price-to-earnings-growth ratio of 1.04 and a beta of 1.15. The stock has a fifty day moving average price of $28.69 and a 200 day moving average price of $32.35. Huntsman has a 12-month low of $24.87 and a 12-month high of $41.65. The company has a current ratio of 2.12, a quick ratio of 1.26 and a debt-to-equity ratio of 0.35.
Institutional Investors Weigh In On Huntsman
A number of institutional investors have recently added to or reduced their stakes in HUN. HighTower Advisors LLC boosted its holdings in Huntsman by 8.8% in the 4th quarter. HighTower Advisors LLC now owns 9,428 shares of the basic materials company’s stock valued at $326,000 after purchasing an additional 760 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Huntsman by 4.4% during the 4th quarter. JPMorgan Chase & Co. now owns 332,361 shares of the basic materials company’s stock worth $11,592,000 after acquiring an additional 14,101 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Huntsman by 0.9% during the 4th quarter. Rhumbline Advisers now owns 190,950 shares of the basic materials company’s stock worth $6,660,000 after acquiring an additional 1,632 shares in the last quarter. MAI Capital Management purchased a new stake in shares of Huntsman during the 4th quarter worth approximately $360,000. Finally, Ensign Peak Advisors Inc purchased a new stake in Huntsman in the 4th quarter valued at approximately $1,037,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.
Insider Activity at Huntsman
In related news, Director Curtis E. Espeland purchased 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 11th. The shares were purchased at an average price of $30.18 per share, for a total transaction of $452,700.00. Following the transaction, the director now directly owns 18,533 shares of the company’s stock, valued at approximately $559,325.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Huntsman news, VP David M. Stryker acquired 10,000 shares of the stock in a transaction on Friday, August 12th. The shares were bought at an average price of $29.90 per share, with a total value of $299,000.00. Following the acquisition, the vice president now owns 341,614 shares of the company’s stock, valued at $10,214,258.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Curtis E. Espeland acquired 15,000 shares of the stock in a transaction on Thursday, August 11th. The stock was acquired at an average cost of $30.18 per share, for a total transaction of $452,700.00. Following the acquisition, the director now directly owns 18,533 shares in the company, valued at approximately $559,325.94. The disclosure for this purchase can be found here. 6.40% of the stock is currently owned by insiders.
Huntsman Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.2125 dividend. This represents a $0.85 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, September 14th. Huntsman’s dividend payout ratio (DPR) is presently 14.63%.
Huntsman Company Profile
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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