Shares of Eastman Chemical Company (NYSE:EMN – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $79.6667.
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Eastman Chemical from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Eastman Chemical in a research report on Monday, May 18th. UBS Group increased their target price on Eastman Chemical from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Royal Bank Of Canada boosted their price target on Eastman Chemical from $79.00 to $82.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 5th. Finally, Morgan Stanley lowered their price target on Eastman Chemical from $83.00 to $79.00 and set an “overweight” rating on the stock in a report on Thursday.
View Our Latest Analysis on Eastman Chemical
Institutional Trading of Eastman Chemical
Eastman Chemical Stock Performance
Shares of Eastman Chemical stock opened at $68.79 on Friday. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 0.85 and a beta of 1.07. The firm’s 50-day moving average is $72.58 and its 200 day moving average is $71.65. Eastman Chemical has a 1 year low of $56.11 and a 1 year high of $83.47. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.47 and a quick ratio of 0.71.
Eastman Chemical (NYSE:EMN – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The business had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Eastman Chemical had a net margin of 4.62% and a return on equity of 8.88%. Eastman Chemical’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the business earned $1.91 EPS. Eastman Chemical has set its Q2 2026 guidance at 1.700-1.900 EPS. Sell-side analysts anticipate that Eastman Chemical will post 6.35 EPS for the current fiscal year.
Eastman Chemical Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 15th will be given a $0.84 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $3.36 dividend on an annualized basis and a yield of 4.9%. Eastman Chemical’s payout ratio is 97.39%.
About Eastman Chemical
Eastman Chemical Company (NYSE: EMN) is a global specialty materials company that develops, manufactures and markets a broad range of advanced materials, chemicals and fibers. Its product portfolio spans performance additives, functional products, and engineered plastics designed to enhance the durability, appearance and performance of end products across diverse industries.
The company’s main business activities include the production of specialty chemicals used in adhesives, coatings, building materials and consumer care applications, as well as high-performance plastics for packaging, automotive and electronics markets.
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