Eastman Chemical (NYSE:EMN) Announces Earnings Results

Key Points

• Eastman Chemical reported earnings of $1.60 per share for the quarter, missing analysts' expectations of $1.72, while revenue declined to $2.29 billion, underperforming the expected $2.32 billion.
• The company's stock fell 19% following the earnings announcement, and it has a market capitalization of $6.79 billion.
• Several analysts have downgraded their price targets for Eastman Chemical, with current consensus rating being a "Moderate Buy" and a price target of $95.15.

Eastman Chemical (NYSE:EMN - Get Free Report) released its earnings results on Thursday. The basic materials company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.72 by ($0.12), Zacks reports. Eastman Chemical had a return on equity of 15.29% and a net margin of 8.96%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the prior year, the firm posted $2.15 EPS. Eastman Chemical's revenue was down 3.2% on a year-over-year basis. Eastman Chemical updated its Q3 2025 guidance to 1.250-1.250 EPS.

Eastman Chemical Stock Down 19.0%

NYSE EMN traded down $13.82 on Friday, reaching $58.79. The company had a trading volume of 7,417,691 shares, compared to its average volume of 1,306,253. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.79 and a current ratio of 1.72. Eastman Chemical has a 1-year low of $56.78 and a 1-year high of $114.50. The company's fifty day moving average is $77.71 and its 200-day moving average is $84.58.

Hedge Funds Weigh In On Eastman Chemical

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC bought a new stake in Eastman Chemical during the 4th quarter worth about $202,000. United Services Automobile Association bought a new stake in Eastman Chemical during the 1st quarter worth about $252,000. Focus Partners Wealth lifted its position in Eastman Chemical by 28.4% during the 1st quarter. Focus Partners Wealth now owns 6,403 shares of the basic materials company's stock worth $564,000 after buying an additional 1,415 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Eastman Chemical by 185.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,686 shares of the basic materials company's stock worth $589,000 after buying an additional 4,345 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Eastman Chemical by 2.6% during the 1st quarter. NewEdge Advisors LLC now owns 7,310 shares of the basic materials company's stock worth $644,000 after buying an additional 183 shares in the last quarter. 83.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. UBS Group decreased their price target on shares of Eastman Chemical from $107.00 to $101.00 and set a "buy" rating for the company in a report on Wednesday, July 9th. Barclays decreased their price target on shares of Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Wall Street Zen lowered shares of Eastman Chemical from a "buy" rating to a "hold" rating in a report on Monday, April 28th. Morgan Stanley decreased their price target on shares of Eastman Chemical from $125.00 to $115.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group decreased their price target on shares of Eastman Chemical from $112.00 to $87.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Eastman Chemical currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.15.

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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