Huntsman (HUN) to Release Earnings on Monday

Huntsman (NYSE:HUN) is set to issue its quarterly earnings data after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Huntsman (NYSE:HUN) last announced its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Huntsman had a positive return on equity of 0.67% and a negative net margin of 1.49%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $0.20 EPS. Huntsman’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts expect Huntsman to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Huntsman Stock Down 2.7 %

Shares of Huntsman stock opened at $22.48 on Friday. The business’s 50 day simple moving average is $23.31 and its 200 day simple moving average is $24.30. Huntsman has a 52-week low of $21.41 and a 52-week high of $29.36. The firm has a market cap of $3.89 billion, a PE ratio of -43.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 1.55.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Friday, June 14th. Huntsman’s dividend payout ratio is presently -192.31%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group lowered their price target on Huntsman from $26.00 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Wells Fargo & Company lowered their price target on Huntsman from $32.00 to $28.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Citigroup lowered their price target on Huntsman from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, June 27th. JPMorgan Chase & Co. raised Huntsman from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $27.00 in a research report on Friday, June 7th. Finally, Royal Bank of Canada boosted their price target on Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 7th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntsman presently has a consensus rating of “Hold” and a consensus target price of $26.67.

About Huntsman

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.