Huntsman Co. (NYSE:HUN – Get Score) – Funding analysts at KeyCorp lower their Q3 2022 income in line with percentage estimates for Huntsman in a analysis observe issued on Tuesday, July nineteenth. KeyCorp analyst A. Yefremov now anticipates that the fundamental fabrics corporate will earn $0.97 in line with percentage for the quarter, down from their earlier estimate of $1.04. The consensus estimate for Huntsman’s present full-year income is $4.43 in line with percentage. KeyCorp additionally issued estimates for Huntsman’s This autumn 2022 income at $1.10 EPS, FY2022 income at $4.41 EPS and FY2023 income at $4.46 EPS.
Huntsman (NYSE:HUN – Get Score) final launched its income effects on Thursday, April twenty eighth. The fundamental fabrics corporate reported $1.19 EPS for the quarter, beating the consensus estimate of $1.00 by means of $0.19. The company had income of $2.39 billion throughout the quarter, in comparison to analyst estimates of $2.28 billion. Huntsman had a go back on fairness of 21.09% and a web margin of 13.16%. The trade’s quarterly income was once up 30.0% in comparison to the similar quarter final yr. Throughout the similar length within the prior yr, the company posted $0.66 income in line with percentage.
HUN has been the topic of a number of different experiences. StockNews.com reduced Huntsman from a “strong-buy” ranking to a “purchase” ranking in a analysis observe on Wednesday, June fifteenth. Wells Fargo & Corporate dropped their value goal on Huntsman from $42.00 to $35.00 and set an “obese” ranking for the corporate in a analysis observe on Wednesday, June twenty second. Barclays dropped their value goal on Huntsman from $42.00 to $40.00 and set an “equivalent weight” ranking for the corporate in a analysis observe on Monday, March twenty eighth. Financial institution of The united states reduced Huntsman from a “purchase” ranking to an “underperform” ranking and dropped their value goal for the inventory from $45.00 to $34.00 in a analysis observe on Tuesday, June 14th. In any case, Deutsche Financial institution Aktiengesellschaft dropped their value goal on Huntsman from $46.00 to $40.00 in a analysis observe on Monday, Would possibly 2d. One analysis analyst has rated the inventory with a promote ranking, two have issued a grasp ranking and ten have given a purchase ranking to the corporate. In line with knowledge from MarketBeat.com, the inventory lately has a consensus ranking of “Average Purchase” and a consensus goal value of $45.45.
Huntsman Inventory Efficiency
Huntsman inventory opened at $29.04 on Friday. The company has a marketplace capitalization of $6.09 billion, a P/E ratio of five.37, a PEG ratio of one.25 and a beta of one.21. The inventory has a fifty day shifting reasonable value of $31.64 and a 200 day shifting reasonable value of $34.98. Huntsman has a 52 week low of $24.09 and a 52 week top of $41.65. The corporate has a present ratio of one.88, a snappy ratio of one.23 and a debt-to-equity ratio of 0.34.
Institutional Inflows and Outflows
Institutional traders and hedge finances have lately purchased and bought stocks of the trade. Schroder Funding Control Staff bought a brand new place in Huntsman within the fourth quarter valued at about $9,414,000. Cinctive Capital Control LP purchased a brand new place in Huntsman throughout the 4th quarter price roughly $1,744,000. Seelaus Asset Control LLC lifted its holdings in Huntsman by means of 68.8% throughout the first quarter. Seelaus Asset Control LLC now owns 18,211 stocks of the fundamental fabrics corporate’s inventory price $683,000 after purchasing an extra 7,425 stocks throughout the final quarter. Pinebridge Investments L.P. purchased a brand new place in Huntsman throughout the 4th quarter price roughly $119,000. In any case, B. Riley Wealth Control Inc. lifted its holdings in Huntsman by means of 12.3% throughout the 4th quarter. B. Riley Wealth Control Inc. now owns 16,325 stocks of the fundamental fabrics corporate’s inventory price $569,000 after purchasing an extra 1,782 stocks throughout the final quarter. Hedge finances and different institutional traders personal 84.02% of the corporate’s inventory.
Huntsman declared that its board has licensed a percentage repurchase program on Monday, March twenty eighth that allows the corporate to buyback $2.00 billion in remarkable stocks. This buyback authorization lets in the fundamental fabrics corporate to shop for as much as 24.4% of its stocks thru open marketplace purchases. Stocks buyback methods are normally a sign that the corporate’s management believes its inventory is undervalued.
Huntsman Publicizes Dividend
The company additionally lately declared a quarterly dividend, which was once paid on Thursday, June thirtieth. Traders of file on Wednesday, June fifteenth have been issued a $0.2125 dividend. This represents a $0.85 dividend on an annualized foundation and a yield of two.93%. The ex-dividend date of this dividend was once Tuesday, June 14th. Huntsman’s dividend payout ratio is lately 15.71%.
Huntsman Company manufactures and sells differentiated natural chemical merchandise international. The corporate operates thru 4 segments: Polyurethanes, Efficiency Merchandise, Complicated Fabrics, and Textile Results. The Polyurethanes phase provides polyurethane chemical substances, together with methyl diphenyl diisocyanate, polyols, thermoplastic polyurethane, propylene oxide, and methyl tertiary-butyl ether merchandise.
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