Zacks: Analysts expect Huntsman Co. (NYSE: HUN) to post quarterly sales of $2.32 billion

Stock analysts predict Huntsman Co. (NYSE:HUN – Get Rating) to earn $2.32 billion in revenue for the current fiscal quarter, reports Zacks Investment Research. Six analysts have made estimates of Huntsman’s earnings, with estimates ranging from $2.14 billion to $2.48 billion. Huntsman reported sales of $1.84 billion in the same quarter last year, suggesting a positive year-over-year growth rate of 26.1%. The company is expected to release its next earnings report before the market opens on Monday, January 1.

According to Zacks, analysts expect Huntsman to report annual sales of $9.01 billion for the current year, with estimates ranging from $8.29 billion to $9.70 billion. For the next fiscal year, analysts expect the company to record sales of $9.31 billion, with estimates ranging from $8.73 billion to $9.95 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts who provide coverage for Huntsman.

Huntsman (NYSE:HUN – Get Rating) last reported quarterly earnings data on Tuesday, February 15. The basic materials company reported earnings per share (EPS) of $0.95 for the quarter, beating consensus analyst estimates of $0.88 by $0.07. The company posted revenue of $2.31 billion in the quarter, versus a consensus estimate of $2.18 billion. Huntsman had a return on equity of 19.44% and a net margin of 12.36%. The company’s revenue for the quarter increased 38.5% year over year. In the same quarter of the previous year, the company achieved EPS of $0.51.

Several research analysts have recently weighed in on HUN shares. Goldman Sachs Group raised its price target on Huntsman from $44.00 to $50.00 and assigned the stock a “buy” rating in a Tuesday, March 1 research note. Alembic Global Advisors reiterated a “buy” rating and set a $48.00 price target on Huntsman shares in a Monday, February 28 research note. Royal Bank of Canada raised its price target on Huntsman from $45.00 to $50.00 and gave the stock an “outperform” rating in a Wednesday, Feb. 16 research note. Bank of America began covering Huntsman in a research note on Thursday, March 31. They set a “buy” rating for the company. Finally, Wells Fargo & Company raised its price target on Huntsman from $45.00 to $50.00 and gave the stock an “overweight” rating in a Wednesday, Feb. 16 report. One analyst has assigned the stock a sell rating, three have assigned a hold rating and eleven have assigned the stock a buy rating. According to, Huntsman has an average rating of “Buy” and a consensus price target of $47.64.

Hedge funds and other institutional investors have recently changed their positions in the stock. CWM LLC purchased a new stock position in Huntsman during Q4, valued at approximately $27,000. Quent Capital LLC purchased a new stock position in Huntsman during Q4 worth approximately $30,000. TCI Wealth Advisors Inc. increased its holdings of Huntsman shares by 81.0% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 869 shares of the basic materials company valued at $26,000 after buying 389 additional shares last quarter. Widmann Financial Services Inc. bought a new stock position in Huntsman during Q4 valued at approximately $34,000. Finally, Orion Capital Management LLC bought a new stock position in Huntsman during Q4 valued at around $35,000. 84.65% of the shares are currently held by institutional investors.

HUN stock opened at $34.44 on Wednesday. The company has a debt ratio of 0.34, a quick ratio of 1.33 and a current ratio of 1.92. The company has a market capitalization of $7.39 billion, a price-earnings ratio of 7.27, a PEG ratio of 0.71 and a beta of 1.13. Huntsman has a fifty-two week low of $24.09 and a fifty-two week high of $41.65. The stock has a fifty-day moving average of $38.07 and a 200-day moving average of $35.03.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Shareholders of record on Tuesday, March 15 received a dividend of $0.2125. The ex-dividend date was Monday, March 14. This represents an annualized dividend of $0.85 and a dividend yield of 2.47%. This is a boost from Huntsman’s previous quarterly dividend of $0.19. Huntsman’s dividend payout ratio (DPR) is currently 17.93%.

Huntsman said its board authorized a stock repurchase plan on Monday, March 28 that sees the company repurchase $2.00 billion of outstanding stock. This repurchase authorization allows the basic materials company to repurchase up to 24.4% of its shares through purchases on the open market. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Huntsman Company Profile (Get an evaluation)

Huntersman Corp. is dedicated to the manufacture of differentiated organic chemicals. It operates through the following segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. The Polyurethanes segment manufactures and markets polyurethane chemicals, including MDI products, PO, polyols, PG, TPU, aniline and MTBE.

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Sallie R. Loera