Eastman Chemical Company (NYSE:EMN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Eastman Chemical Company has a consensus rating of "Moderate Buy" from analysts, with five holding and eight buying ratings, and an average 12-month price target of $87.77.
• The company missed earnings expectations with an EPS of $1.60 versus a consensus estimate of $1.72 for the last quarter, reporting revenues of $2.29 billion.
• Eastman Chemical recently announced a quarterly dividend of $0.83 per share, representing an annualized dividend of $3.32 and a yield of 5.4%.

Shares of Eastman Chemical Company (NYSE:EMN - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $87.7692.

EMN has been the topic of a number of recent research reports. Royal Bank Of Canada cut their target price on Eastman Chemical from $91.00 to $74.00 and set an "outperform" rating on the stock in a report on Tuesday, August 5th. KeyCorp set a $79.00 price objective on Eastman Chemical and gave the company an "overweight" rating in a research note on Monday, August 4th. The Goldman Sachs Group dropped their price objective on Eastman Chemical from $87.00 to $65.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. UBS Group decreased their target price on Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Finally, Citigroup decreased their target price on Eastman Chemical from $90.00 to $68.00 and set a "buy" rating for the company in a research report on Monday, August 4th.

Eastman Chemical Stock Performance

NYSE:EMN opened at $61.31 on Friday. The company has a market capitalization of $7.04 billion, a PE ratio of 8.61, a P/E/G ratio of 6.15 and a beta of 1.25. Eastman Chemical has a fifty-two week low of $56.78 and a fifty-two week high of $114.50. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 1.68. The company has a 50 day simple moving average of $67.98 and a two-hundred day simple moving average of $76.15.

Eastman Chemical (NYSE:EMN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $1.60 EPS for the quarter, missing the consensus estimate of $1.72 by ($0.12). The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. Eastman Chemical had a return on equity of 15.24% and a net margin of 8.96%.The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business earned $2.15 EPS. Eastman Chemical has set its Q3 2025 guidance at 1.250-1.250 EPS. Research analysts anticipate that Eastman Chemical will post 8.55 earnings per share for the current year.

Eastman Chemical Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Monday, September 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.32 annualized dividend and a dividend yield of 5.4%. Eastman Chemical's dividend payout ratio (DPR) is currently 46.63%.

Institutional Investors Weigh In On Eastman Chemical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Eastman Chemical by 5.9% in the 1st quarter. Principal Financial Group Inc. now owns 155,509 shares of the basic materials company's stock valued at $13,702,000 after acquiring an additional 8,708 shares during the period. OneDigital Investment Advisors LLC raised its stake in Eastman Chemical by 36.9% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,029 shares of the basic materials company's stock valued at $267,000 after acquiring an additional 816 shares during the period. Teacher Retirement System of Texas bought a new stake in Eastman Chemical in the 1st quarter valued at about $1,494,000. Farther Finance Advisors LLC raised its stake in Eastman Chemical by 12.8% in the 1st quarter. Farther Finance Advisors LLC now owns 1,890 shares of the basic materials company's stock valued at $167,000 after acquiring an additional 214 shares during the period. Finally, Golden State Wealth Management LLC grew its holdings in Eastman Chemical by 882.3% during the 1st quarter. Golden State Wealth Management LLC now owns 943 shares of the basic materials company's stock valued at $83,000 after buying an additional 847 shares in the last quarter. 83.65% of the stock is currently owned by institutional investors.

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company in the United States, China, and internationally. The company's Additives & Functional Products segment offers amine derivative-based building blocks, intermediates for surfactants, metam-based soil fumigants, and organic acid-based solutions; specialty coalescent and solvents, paint additives, and specialty polymers; and heat transfer and aviation fluids.

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