Eastman Chemical (EMN) Expected to Announce Earnings on Thursday

Eastman Chemical (NYSE:EMN - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Thursday, July 24th. Analysts expect the company to announce earnings of $1.80 per share and revenue of $2.32 billion for the quarter. Eastman Chemical has set its Q2 2025 guidance at 1.700-1.900 EPS.

Eastman Chemical (NYSE:EMN - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.02. Eastman Chemical had a net margin of 9.85% and a return on equity of 16.59%. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.61 earnings per share. The business's revenue was down .9% compared to the same quarter last year. On average, analysts expect Eastman Chemical to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Eastman Chemical Stock Up 0.9%

EMN traded up $0.67 during midday trading on Thursday, hitting $78.22. The company had a trading volume of 799,800 shares, compared to its average volume of 1,247,363. Eastman Chemical has a 52 week low of $70.90 and a 52 week high of $114.50. The company has a quick ratio of 0.79, a current ratio of 1.72 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.85 and a beta of 1.22. The stock's 50 day moving average price is $79.06 and its 200 day moving average price is $85.73.

Eastman Chemical Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 8th. Shareholders of record on Friday, June 13th were paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend was Friday, June 13th. Eastman Chemical's dividend payout ratio (DPR) is currently 42.24%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Piper Sandler decreased their price target on shares of Eastman Chemical from $105.00 to $99.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group decreased their target price on shares of Eastman Chemical from $112.00 to $87.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company decreased their target price on shares of Eastman Chemical from $125.00 to $90.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Citigroup raised shares of Eastman Chemical from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $105.00 to $101.00 in a research report on Friday, April 4th. Finally, Barclays decreased their target price on shares of Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $97.08.

Institutional Investors Weigh In On Eastman Chemical

A number of institutional investors have recently added to or reduced their stakes in EMN. Millennium Management LLC boosted its stake in Eastman Chemical by 69.2% in the first quarter. Millennium Management LLC now owns 194,052 shares of the basic materials company's stock valued at $17,098,000 after acquiring an additional 79,376 shares during the last quarter. Woodline Partners LP boosted its stake in Eastman Chemical by 39.8% in the first quarter. Woodline Partners LP now owns 9,730 shares of the basic materials company's stock valued at $857,000 after acquiring an additional 2,769 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Eastman Chemical by 2.6% in the first quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company's stock valued at $644,000 after acquiring an additional 183 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in Eastman Chemical by 185.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company's stock valued at $589,000 after acquiring an additional 4,345 shares during the last quarter. Finally, Focus Partners Wealth boosted its stake in Eastman Chemical by 28.4% in the first quarter. Focus Partners Wealth now owns 6,403 shares of the basic materials company's stock valued at $564,000 after acquiring an additional 1,415 shares during the last quarter. 83.65% of the stock is owned by institutional investors.

Eastman Chemical Company Profile

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.