Huntsman Corporation (HUN) Releases Earnings Results, Beats Expectations By $0.10 EPS

Huntsman Corporation (HUN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.27. The company posted revenue of $2355.00 million in the period, compared to analysts expectations of $2378.98 million. The company’s revenue was down -9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.

Many Wall Street Analysts have commented on Huntsman Corporation. Huntsman Corporation was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Feb 11, 2016.

Huntsman Corporation opened for trading at $15.33 and hit $15.91 on the upside on Wednesday, eventually ending the session at $15.4, with a gain of 0.39% or 0.06 points. The heightened volatility saw the trading volume jump to 59,79,948 shares. Company has a market cap of $3,648 M.

In a different news, on Dec 17, 2015, Brian V Ridd (Sr. VP, Purchasing) purchased 3,000 shares at $10.20 per share price. According to the SEC, on Aug 21, 2015, J Kimo Esplin (CFO) purchased 5,000 shares at $16.73 per share price. On Aug 20, 2015, David M Stryker (Exec VP, GC and Sec) purchased 1,067 shares at $16.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Huntsman Corporation (Huntsman) is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company is also engaged in performance additives and titanium dioxide business. The Company also offers titanium dioxide a white pigment derived from titanium bearing ores; functional additives made from barium and zinc-based inorganics; color pigments made from synthetic iron-oxide and other inorganic pigments; timber treatment wood protection chemicals; water treatment products and specialty automotive molded components. The Company operates in five segments: Polyurethanes Performance Products Advanced Materials Textile Effects and Pigments and Additives. Its products are used in a range of applications including those in the adhesives aerospace automotive construction products personal care and hygiene durable and non-durable consumer products electronics medical packaging and paints and coatings.

Huntsman Corporation

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