Huntsman (NYSE:HUN) Announces Quarterly Earnings Results

Huntsman (NYSE:HUN) announced its quarterly earnings data on Monday. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.61 billion. Huntsman had a negative net margin of 3.05% and a negative return on equity of 3.49%.

Huntsman Trading Up 3.2%

Huntsman stock traded up $0.30 during mid-day trading on Monday, reaching $9.94. 4,496,871 shares of the company traded hands, compared to its average volume of 5,068,028. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.33 and a quick ratio of 0.78. The firm’s 50 day moving average price is $9.00 and its 200 day moving average price is $11.68. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -9.56 and a beta of 0.73. Huntsman has a 52-week low of $7.30 and a 52-week high of $16.08.

Analyst Ratings Changes

Several brokerages recently commented on HUN. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $11.00 target price on shares of Huntsman in a research note on Thursday, August 20th. KeyCorp assumed coverage on shares of Huntsman in a research report on Friday, September 11th. They set an “overweight” rating and a $14.00 price target for the company. Barclays assumed coverage on shares of Huntsman in a report on Monday, October 12th. They issued an “equal weight” rating and a $10.00 price target on the stock. Citigroup cut their price target on shares of Huntsman from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, September 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Huntsman from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $11.31.

Huntsman Company Profile

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.