Huntsman Co. (NYSE:HUN) Forecasted to Earn Q3 2024 Earnings of $0.12 Per Share

Huntsman Co. (NYSE:HUN) – Research analysts at KeyCorp issued their Q3 2024 earnings per share estimates for shares of Huntsman in a report issued on Sunday, October 6th. KeyCorp analyst A. Yefremov forecasts that the basic materials company will post earnings per share of $0.12 for the quarter. The consensus estimate for Huntsman’s current full-year earnings is $0.20 per share. KeyCorp also issued estimates for Huntsman’s Q4 2024 earnings at $0.03 EPS, FY2024 earnings at $0.22 EPS, Q2 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $1.10 EPS.

Huntsman (NYSE:HUN) last posted its quarterly earnings data on Monday, August 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada cut their price objective on shares of Huntsman from $30.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th. Citigroup reduced their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, June 27th. JPMorgan Chase & Co. dropped their price objective on Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. UBS Group reduced their target price on Huntsman from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their price target on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Huntsman has a consensus rating of “Hold” and a consensus price target of $25.56.

Huntsman Price Performance

HUN opened at $23.51 on Wednesday. The firm has a 50-day moving average price of $22.09 and a 200-day moving average price of $23.38. Huntsman has a twelve month low of $19.91 and a twelve month high of $27.01. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -45.21 and a beta of 1.00.

Hedge Funds Weigh In On Huntsman

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in shares of Huntsman by 24.4% during the 1st quarter. Russell Investments Group Ltd. now owns 665,652 shares of the basic materials company’s stock worth $17,327,000 after acquiring an additional 130,614 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Huntsman in the 2nd quarter worth about $2,180,000. Acadian Asset Management LLC increased its position in shares of Huntsman by 1,052.7% during the 1st quarter. Acadian Asset Management LLC now owns 209,442 shares of the basic materials company’s stock valued at $5,449,000 after purchasing an additional 191,272 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Huntsman by 753.2% during the 1st quarter. 1832 Asset Management L.P. now owns 2,867,920 shares of the basic materials company’s stock valued at $74,652,000 after buying an additional 2,531,800 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Huntsman in the 1st quarter worth approximately $1,428,000. Hedge funds and other institutional investors own 84.81% of the company’s stock.

Huntsman Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a yield of 4.25%. Huntsman’s payout ratio is presently -192.31%.

Huntsman Company Profile

Huntsman Corporation manufactures and sells diversified organic chemical products worldwide. The company operates in three segments: Polyurethanes, Performance Products, and Advanced Materials. The Polyurethanes segment offers polyurethane chemicals, including methyl diphenyl diisocyanate, polyether and polyester polyols, and thermoplastic polyurethane; and aniline, benzene, nitrobenzene and other co-products.