Huntsman Co. (HUN) Expected to Post Quarterly Sales of $2.31 Billion
Wall Street analysts expect Huntsman Co. (NYSE:HUN) to report sales of $2.31 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Huntsman’s earnings. The highest sales estimate is $2.39 billion and the lowest is $2.23 billion. Huntsman posted sales of $2.40 billion during the same quarter last year, which would indicate a negative year over year growth rate of 3.8%. The firm is expected to announce its next earnings report on Tuesday, July 30th.
According to Zacks, analysts expect that Huntsman will report full year sales of $9.14 billion for the current year, with estimates ranging from $8.73 billion to $9.51 billion. For the next financial year, analysts forecast that the business will report sales of $9.65 billion, with estimates ranging from $9.06 billion to $10.19 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Huntsman.
Huntsman (NYSE:HUN) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Huntsman had a return on equity of 19.90% and a net margin of 2.00%. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis.
NYSE:HUN traded down $0.14 during mid-day trading on Wednesday, reaching $19.89. The stock had a trading volume of 2,949,024 shares, compared to its average volume of 2,738,157. Huntsman has a fifty-two week low of $17.58 and a fifty-two week high of $33.55. The company has a market capitalization of $4.65 billion, a P/E ratio of 5.96, a P/E/G ratio of 0.86 and a beta of 2.20. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.11 and a current ratio of 1.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.1625 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.65 annualized dividend and a dividend yield of 3.27%. Huntsman’s dividend payout ratio is 19.46%.
In other Huntsman news, insider Scott J. Wright acquired 4,950 shares of Huntsman stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $20.22 per share, with a total value of $100,089.00. Following the completion of the transaction, the insider now owns 33,922 shares of the company’s stock, valued at $685,902.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc lifted its position in Huntsman by 1.3% in the third quarter. Vanguard Group Inc now owns 23,641,404 shares of the basic materials company’s stock worth $643,755,000 after purchasing an additional 314,873 shares during the period. BlackRock Inc. lifted its position in Huntsman by 1.3% in the first quarter. BlackRock Inc. now owns 15,541,338 shares of the basic materials company’s stock worth $349,525,000 after purchasing an additional 194,288 shares during the period. Bank of New York Mellon Corp lifted its position in Huntsman by 32.4% in the fourth quarter. Bank of New York Mellon Corp now owns 11,334,616 shares of the basic materials company’s stock worth $218,644,000 after purchasing an additional 2,772,322 shares during the period. Dimensional Fund Advisors LP lifted its position in Huntsman by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,768,627 shares of the basic materials company’s stock worth $129,725,000 after purchasing an additional 86,105 shares during the period. Finally, Geode Capital Management LLC lifted its position in Huntsman by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 3,760,365 shares of the basic materials company’s stock worth $72,537,000 after purchasing an additional 249,417 shares during the period. 77.77% of the stock is owned by institutional investors.
Huntsman Corporation manufactures and sells differentiated organic chemical products worldwide. The company operates in 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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