Analysts Offer Predictions for Huntsman Co.’s Q2 2024 Earnings (NYSE:HUN)

Huntsman Co. (NYSE:HUNFree Report) – Zacks Research cut their Q2 2024 earnings per share estimates for shares of Huntsman in a report issued on Monday, May 13th. Zacks Research analyst S. Rathi now anticipates that the basic materials company will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.19. The consensus estimate for Huntsman’s current full-year earnings is $0.40 per share. Zacks Research also issued estimates for Huntsman’s Q3 2024 earnings at $0.16 EPS, Q2 2025 earnings at $0.30 EPS, Q3 2025 earnings at $0.21 EPS, Q4 2025 earnings at $0.22 EPS, Q1 2026 earnings at $0.38 EPS and FY2026 earnings at $1.80 EPS.

Huntsman (NYSE:HUNGet Free Report) last posted its earnings results on Thursday, May 2nd. The basic materials company reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. Huntsman had a negative net margin of 1.49% and a positive return on equity of 0.67%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS.

Several other brokerages also recently weighed in on HUN. Wells Fargo & Company upgraded Huntsman from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.00 to $32.00 in a research note on Friday, February 23rd. Royal Bank of Canada lifted their target price on shares of Huntsman from $24.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 7th. Stifel Nicolaus decreased their price target on shares of Huntsman from $30.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, The Goldman Sachs Group upped their target price on Huntsman from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.73.

Check Out Our Latest Research Report on Huntsman

Huntsman Stock Down 0.4 %

Shares of Huntsman stock opened at $24.72 on Tuesday. Huntsman has a one year low of $22.14 and a one year high of $29.90. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $25.05 and a two-hundred day simple moving average of $24.76.

Huntsman Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.05%. Huntsman’s dividend payout ratio is currently -192.31%.

Institutional Investors Weigh In On Huntsman

Several institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Huntsman during the fourth quarter worth $43,761,000. Victory Capital Management Inc. increased its position in Huntsman by 6,496.8% during the fourth quarter. Victory Capital Management Inc. now owns 1,457,882 shares of the basic materials company’s stock worth $36,637,000 after purchasing an additional 1,435,782 shares during the last quarter. Wellington Management Group LLP raised its stake in Huntsman by 75.9% during the fourth quarter. Wellington Management Group LLP now owns 3,151,535 shares of the basic materials company’s stock worth $79,198,000 after purchasing an additional 1,359,437 shares during the period. Invesco Ltd. grew its stake in shares of Huntsman by 14.6% in the 3rd quarter. Invesco Ltd. now owns 4,372,034 shares of the basic materials company’s stock valued at $106,678,000 after buying an additional 556,629 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Huntsman by 644.0% during the 4th quarter. Wells Fargo & Company MN now owns 378,667 shares of the basic materials company’s stock worth $9,516,000 after buying an additional 448,270 shares during the last quarter. 84.81% of the stock is currently 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.

See Also

Earnings History and Estimates for Huntsman (NYSE:HUN)

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