Huntsman (HUN) Set to Announce Earnings on Thursday

Huntsman (NYSE:HUN) is set to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Huntsman to post earnings of ($0.07) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Huntsman (NYSE:HUN) last released its quarterly earnings data on Thursday, February 22nd. The basic materials company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.07). Huntsman had a return on equity of 1.92% and a net margin of 1.65%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the business posted $0.04 EPS. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. On average, analysts expect Huntsman to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Huntsman Trading Down 2.5 %

NYSE HUN opened at $23.86 on Wednesday. Huntsman has a fifty-two week low of $22.14 and a fifty-two week high of $29.90. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.23 and a current ratio of 1.97. The stock has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $24.66. The stock has a market cap of $4.13 billion, a P/E ratio of 45.02 and a beta of 1.12.

Huntsman Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.25 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.00 annualized dividend and a yield of 4.19%. This is a boost from Huntsman’s previous quarterly dividend of $0.24. Huntsman’s dividend payout ratio (DPR) is 188.68%.

Analyst Upgrades and Downgrades

HUN has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Huntsman from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Tuesday, March 5th. Stifel Nicolaus dropped their price objective on Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $25.00 to $32.00 in a report on Friday, February 23rd. Finally, Royal Bank of Canada raised their target price on Huntsman from $20.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.55.

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.