Zacks Research Expects Weaker Earnings for Eastman Chemical

Eastman Chemical (NYSE:EMN - Free Report) - Investment analysts at Zacks Research dropped their Q2 2025 earnings estimates for Eastman Chemical in a report released on Tuesday, May 20th. Zacks Research analyst R. Department now expects that the basic materials company will post earnings per share of $1.81 for the quarter, down from their previous forecast of $1.86. The consensus estimate for Eastman Chemical's current full-year earnings is $8.55 per share. Zacks Research also issued estimates for Eastman Chemical's Q3 2025 earnings at $1.84 EPS, Q4 2025 earnings at $1.70 EPS, FY2025 earnings at $7.25 EPS, Q1 2026 earnings at $1.85 EPS, Q2 2026 earnings at $1.87 EPS, Q3 2026 earnings at $2.03 EPS, Q4 2026 earnings at $2.09 EPS, FY2026 earnings at $7.84 EPS, Q1 2027 earnings at $2.14 EPS and FY2027 earnings at $8.66 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.89 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.35 billion. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.27%. The firm's revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share.

Several other brokerages have also weighed in on EMN. Wall Street Zen lowered shares of Eastman Chemical from a "buy" rating to a "hold" rating in a research report on Monday, April 28th. Barclays cut their price objective on shares of Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Mizuho raised shares of Eastman Chemical from a "neutral" rating to an "outperform" rating and set a $105.00 price objective on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada raised shares of Eastman Chemical from a "sector perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Wednesday, April 9th. Finally, UBS Group dropped their price target on shares of Eastman Chemical from $123.00 to $115.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $99.15.

Eastman Chemical Stock Up 2.4%

Shares of NYSE EMN traded up $1.94 during mid-day trading on Thursday, reaching $82.48. The company had a trading volume of 476,899 shares, compared to its average volume of 1,087,614. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 1.22 and a beta of 1.29. The stock has a fifty day moving average of $80.45 and a two-hundred day moving average of $90.96. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.78 and a current ratio of 1.51. Eastman Chemical has a 12-month low of $70.90 and a 12-month high of $114.50.

Eastman Chemical Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Friday, June 13th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Friday, June 13th. Eastman Chemical's dividend payout ratio (DPR) is currently 42.24%.

Hedge Funds Weigh In On Eastman Chemical

A number of institutional investors and hedge funds have recently bought and sold shares of EMN. Crews Bank & Trust bought a new position in Eastman Chemical during the fourth quarter worth $27,000. Picton Mahoney Asset Management increased its position in Eastman Chemical by 62.3% during the fourth quarter. Picton Mahoney Asset Management now owns 323 shares of the basic materials company's stock worth $29,000 after acquiring an additional 124 shares during the period. Assetmark Inc. increased its position in Eastman Chemical by 384.4% during the fourth quarter. Assetmark Inc. now owns 373 shares of the basic materials company's stock worth $34,000 after acquiring an additional 296 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new position in Eastman Chemical during the fourth quarter worth $35,000. Finally, Stonebridge Financial Group LLC bought a new position in Eastman Chemical during the fourth quarter worth $37,000. Institutional investors own 83.65% of the company's stock.

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.