Huntsman Co. to Post Q3 2024 Earnings of $0.12 Per Share, KeyCorp Forecasts (NYSE:HUN)

Huntsman Co. (NYSE:HUN) – Investment analysts at KeyCorp issued their Q3 2024 earnings per share (EPS) estimates for shares of Huntsman in a research note issued on Sunday, October 6th. KeyCorp analyst A. Yefremov anticipates that the basic materials company will post earnings of $0.12 per share 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 earnings results on Monday, August 5th. The basic materials company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. Huntsman had a positive return on equity of 0.26% and a negative net margin of 1.44%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.

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

Huntsman Stock Up 1.1 %

Shares of HUN stock opened at $23.76 on Wednesday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of -45.69 and a beta of 1.00. Huntsman has a 12-month low of $19.91 and a 12-month high of $27.01. The firm has a fifty day moving average of $22.11 and a 200-day moving average of $23.38. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On Huntsman

A number of institutional investors have recently added to or reduced their stakes in HUN. Allspring Global Investments Holdings LLC increased its stake in shares of Huntsman by 1.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,657,819 shares of the basic materials company’s stock worth $151,599,000 after purchasing an additional 97,082 shares during the last quarter. Millennium Management LLC raised its stake in Huntsman by 5.2% in the second quarter. Millennium Management LLC now owns 4,891,928 shares of the basic materials company’s stock valued at $111,389,000 after buying an additional 243,821 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Huntsman by 54.0% in the second quarter. 1832 Asset Management L.P. now owns 4,415,264 shares of the basic materials company’s stock valued at $100,536,000 after buying an additional 1,547,344 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Huntsman by 75.9% in the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock valued at $79,198,000 after buying an additional 1,359,437 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Huntsman by 9.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,408,592 shares of the basic materials company’s stock worth $62,697,000 after acquiring an additional 203,396 shares during the period. 84.81% of the stock is currently owned by institutional investors and hedge funds.

Huntsman Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.00 annualized dividend and a dividend yield of 4.21%. Huntsman’s dividend 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.