Huntsman (NYSE:HUN) Releases Quarterly Earnings Results, Meets Estimates

Huntsman (NYSE:HUN) announced its quarterly earnings data on Monday. The basic materials company reported $0.10 EPS for the quarter, meeting the consensus estimate of $0.10, Briefing.com reports. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.55 billion. Huntsman had a negative net margin of 1.44% and a positive return on equity of 0.26%. Huntsman’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS.

Huntsman Trading Down 3.5 %

Shares of NYSE HUN traded down $0.76 during trading on Tuesday, hitting $20.98. 182,389 shares of the company were exchanged, compared to its average volume of 1,870,792. Huntsman has a 12-month low of $19.91 and a 12-month high of $27.01. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.77 and a current ratio of 1.30. The company has a fifty day moving average price of $22.76 and a 200-day moving average price of $23.08. The firm has a market capitalization of $3.63 billion, a PE ratio of -43.48 and a beta of 1.02.

Wall Street Analysts Forecast Growth

HUN has been the topic of several research reports. UBS Group cut their price target on shares of Huntsman from $23.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price objective on shares of Huntsman from $28.00 to $26.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Huntsman from $27.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada increased their target price on Huntsman from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Huntsman presently has a consensus rating of “Hold” and an average price target of $25.75.

Huntsman Company Profile

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.