NEW YORK (TheStreet) -- Shares of Huntsman Corporation (HUN) - Get Report are advancing by 1.83% to $16.13 in afternoon trading on Tuesday, as the company expects to report second quarter results before tomorrow's market open.
Analysts expect the Salt Lake City-based chemical product company to post earnings of 53 cents per share on revenue of $2.59 billion for the latest quarter.
Huntsman reported earnings of 63 cents per share on revenue of $2.74 billion for the same period last year.
Additionally, Huntsman announced earlier this month that it will be shutting down its South Africa Titanium Dioxide manufacturing facility. The closure is expected to produce savings of approximately $200 million.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate HUNTSMAN CORP as a Buy with a ratings score of B-. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: HUN