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Main » Huntsman (NYSE:HUN) Posts Earnings Results, Beats Estimates By $0.10 EPS

Huntsman (NYSE:HUN) Posts Earnings Results, Beats Estimates By $0.10 EPS

05 March 2018

The basic materials company reported $0.76 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.10. The stock increased 0.97% or $0.35 during the last trading session, reaching $36.35. About 3.04 million shares traded.

Huntsman (NYSE:HUN) last announced its quarterly earnings data on Friday, February 23rd. It has outperformed by 75.18% the S&P500.

Alan Fournier decreased its stake in Huntsman Corp (HUN) by 21.03% based on its latest 2017Q3 regulatory filing with the SEC. Stock buyback programs are often an indication that the company's management believes its stock is undervalued. The institutional investor held 2,500 shares of the aerospace company at the end of 2017Q3, valued at $636,000, down from 4,201 at the end of the previous reported quarter. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The stock decreased 1.44% or $5.02 during the last trading session, reaching $344.67. 159.36 million shares or 0.11% more from 159.18 million shares in 2017Q2 were reported. Huntsman Corporation (NYSE:HUN) has risen 91.88% since March 3, 2017 and is uptrending. It has outperformed by 67.44% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. Adage Capital Partners Gru Ltd Llc accumulated 678,943 shares. 48 funds opened positions while 82 raised stakes.

Blackrock Inc, which manages about $1981.84B US Long portfolio, upped its stake in Dr Reddys Labs Ltd (NYSE:RDY) by 188,302 shares to 1.48 million shares, valued at $52.69 million in 2017Q3, according to the filing. Smithfield Communications invested 0.02% in Huntsman Corporation (NYSE:HUN). Alabama-based Oakworth Capital has invested 0.01% in The Boeing Company (NYSE:BA). Brandywine Glob Investment Mngmt Limited Liability Com invested in 0.05% or 274,617 shares. Meeder Asset owns 45,220 shares for 0.14% of their portfolio. Ameriprise Fincl reported 0.41% stake. Hillswick Asset Management Llc stated it has 2.45% of its portfolio in AT&T Inc. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.83 and a quick ratio of 1.52. 138,050 were accumulated by Fjarde Ap. Millennium Mgmt Ltd Liability stated it has 749,934 shares or 0.03% of all its holdings. Cranbrook Wealth Mngmt Limited Liability reported 0.01% in AT&T Inc. 1St Source Bankshares has 173,884 shares for 0.57% of their portfolio. Legal And General Gp Public Limited reported 228,564 shares. Investors of record on Thursday, March 15th will be issued a $0.1625 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.06%. The rating was maintained by Jefferies with "Buy" on Tuesday, May 30. Therefore 86% are positive. Huntsman Corporation had 40 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has "Buy" rating by Jefferies on Wednesday, July 5. The rating was maintained by Jefferies with "Buy" on Friday, April 28. Following the completion of the sale, the vice president now directly owns 528,889 shares in the company, valued at approximately $16,390,270.11. Citigroup increased their target price on shares of Huntsman from $41.00 to $43.00 and gave the stock a "buy" rating in a research note on Tuesday. The firm has "Buy" rating given on Tuesday, October 10 by Jefferies. The stock has "Neutral" rating by Buckingham Research on Friday, June 24. The rating was maintained by RBC Capital Markets with "Sector Perform" on Thursday, January 26. As per Friday, September 22, the company rating was maintained by Jefferies.

Analysts await AT&T Inc. During the same quarter previous year, the company posted $0.30 earnings per share. T's profit will be $5.22 billion for 10.69 P/E if the $0.85 EPS becomes a reality.

Since February 8, 2018, it had 0 buys, and 1 insider sale for $12.17 million activity. Miles Capital Inc owns 32,484 shares for 0.72% of their portfolio. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00.

Investors sentiment decreased to 0.91 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. It worsened, as 31 investors sold HUN shares while 112 reduced holdings. Credit Suisse Ag owns 11.00 million shares or 0.42% of their USA portfolio. Oppenheimer Asset Mgmt Incorporated has 957 shares.

Among 13 analysts covering Huntsman Corporation (NYSE:HUN), 12 have Buy rating, 0 Sell and 1 Hold. Terril Brothers accumulated 0.71% or 56,500 shares. Ent Fincl Corp owns 59 shares or 0% of their U.S. portfolio. Loomis Sayles L P holds 0.02% in Huntsman Corporation (NYSE:HUN) or 392,121 shares.

Shares of Huntsman Co. Rhumbline Advisers reported 212,240 shares or 0.01% of all its holdings. Perella Weinberg Mngmt Ltd Partnership invested 0.68% in Huntsman Corporation (NYSE:HUN). Cannell Peter B & Com Inc reported 0.05% of its portfolio in AT&T Inc. World Asset Inc invested 0.01% of its portfolio in Huntsman Corporation (NYSE:HUN).

Monetary Management Group Inc, which manages about $313.72 million and $237.18 million US Long portfolio, decreased its stake in Comcast Corp Cl A (NASDAQ:CMCSA) by 22,000 shares to 74,446 shares, valued at $2.87M in 2017Q3, according to the filing. It also increased its holding in Hostess Brands Inc by 63,400 shares in the quarter, for a total of 789,045 shares, and has risen its stake in Transdigm Group Inc (NYSE:TDG). Two analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 92% are positive. The stock has "Hold" rating by RBC Capital Markets on Monday, October 2. Alembic Global Advisors restated a "buy" rating on shares of Huntsman in a report on Monday, November 6th. The firm has "Buy" rating by Alembic given on Monday, June 5. As per Tuesday, September 29, the company rating was maintained by Monness Crespi & Hardt. Jefferies maintained Huntsman Corporation (NYSE:HUN) rating on Monday, July 24. Huntsman's dividend payout ratio is now 19.23%. Goldman Sachs downgraded it to "Conviction-Buy" rating and $30 target in Monday, August 17 report.