Huntsman (NYSE:HUN) Releases Earnings Results, Misses Estimates By $0.03 EPS

by · The Markets Daily

Huntsman (NYSE:HUN – Get Free Report) announced its quarterly earnings data on Monday. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03), FiscalAI reports. Huntsman had a negative net margin of 3.05% and a negative return on equity of 3.49%. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.61 billion.

Huntsman Trading Up 3.2%

NYSE HUN traded up $0.30 during trading on Monday, hitting $9.94. The stock had a trading volume of 4,496,871 shares, compared to its average volume of 5,068,028. The company has a market capitalization of $1.74 billion, a PE ratio of -9.56 and a beta of 0.73. Huntsman has a twelve month low of $7.30 and a twelve month high of $16.08. The company has a quick ratio of 0.78, a current ratio of 1.33 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average price of $9.00 and a 200 day moving average price of $11.68.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Huntsman in a research note on Friday. Barclays assumed coverage on Huntsman in a research note on Monday, October 12th. They set an “equal weight” rating and a $10.00 target price for the company. Royal Bank Of Canada decreased their price target on shares of Huntsman from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $11.00 target price on shares of Huntsman in a research note on Thursday, August 20th. Finally, KeyCorp initiated coverage on Huntsman in a report on Friday, September 11th. They set an “overweight” rating and a $14.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.31.

Check Out Our Latest Stock Analysis on HUN

About Huntsman

(Get Free Report)

Huntsman Corporation (NYSE:HUN) is a global manufacturer of differentiated and commodity chemical products. Founded in 1970, the company develops and produces materials used by manufacturers in a broad range of industries, including construction, automotive, aerospace, electronics, energy, coatings, adhesives and consumer products.

Huntsman’s principal businesses include polyurethane products, performance products and advanced materials. Its portfolio includes polyurethane systems and intermediates, epoxy and other specialty resins, curing agents, amines, maleic anhydride and other chemicals used in insulation, composites, coatings, adhesives and industrial applications.

The company serves customers internationally through manufacturing facilities, research and development operations, and sales offices in North America, Europe, Asia-Pacific and other regions.

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