Seaport Res Ptn Has Negative Outlook of Huntsman Q4 Earnings

Huntsman Co. (NYSE:HUNFree Report) – Investment analysts at Seaport Res Ptn lowered their Q4 2024 earnings per share estimates for shares of Huntsman in a research report issued to clients and investors on Wednesday, January 22nd. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of ($0.11) per share for the quarter, down from their prior forecast of ($0.09). The consensus estimate for Huntsman’s current full-year earnings is $0.08 per share. Seaport Res Ptn also issued estimates for Huntsman’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.23 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.03 EPS, FY2025 earnings at $0.48 EPS and FY2026 earnings at $1.18 EPS.

Several other equities research analysts have also weighed in on HUN. Citigroup reduced their target price on Huntsman from $22.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on shares of Huntsman from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Mizuho dropped their target price on shares of Huntsman from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley lowered their price target on Huntsman from $24.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Alembic Global Advisors cut Huntsman from an “overweight” rating to a “neutral” rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.33.

Check Out Our Latest Report on Huntsman

Huntsman Price Performance

NYSE HUN opened at $17.37 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.47 and a quick ratio of 0.83. The firm has a market cap of $3.00 billion, a P/E ratio of -25.17 and a beta of 0.97. The stock’s 50-day moving average is $18.49 and its two-hundred day moving average is $20.97. Huntsman has a fifty-two week low of $15.95 and a fifty-two week high of $27.01.

Huntsman (NYSE:HUNGet Free Report) last issued its earnings results on Monday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.99% and a negative return on equity of 0.03%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS.

Huntsman Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.76%. Huntsman’s dividend payout ratio is currently -144.93%.

Insider Activity

In other news, Director Mary C. Beckerle sold 20,201 shares of Huntsman stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $21.42, for a total transaction of $432,705.42. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntsman

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Huntsman by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,342,478 shares of the basic materials company’s stock valued at $32,488,000 after buying an additional 124,841 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Huntsman by 383.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,417,641 shares of the basic materials company’s stock valued at $32,138,000 after purchasing an additional 1,124,113 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Huntsman by 152.7% in the 3rd quarter. Bank of Montreal Can now owns 99,405 shares of the basic materials company’s stock valued at $2,440,000 after purchasing an additional 60,072 shares in the last quarter. First Hawaiian Bank bought a new stake in shares of Huntsman in the 4th quarter worth about $569,000. Finally, ING Groep NV acquired a new stake in shares of Huntsman during the 3rd quarter worth about $5,317,000. 84.81% of the stock is owned by institutional investors and hedge funds.

Huntsman Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Huntsman (NYSE:HUN)

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