Zacks Research Analysts Lower Earnings Estimates for EMN

Eastman Chemical (NYSE:EMN - Free Report) - Zacks Research dropped their Q2 2025 earnings estimates for Eastman Chemical in a report released on Wednesday, May 7th. Zacks Research analyst R. Department now anticipates that the basic materials company will post earnings per share of $1.86 for the quarter, down from their prior estimate of $2.19. 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 $1.90 EPS, FY2025 earnings at $7.42 EPS, Q2 2026 earnings at $1.92 EPS, Q3 2026 earnings at $2.08 EPS, FY2026 earnings at $8.03 EPS and FY2027 earnings at $8.88 EPS.

Eastman Chemical (NYSE:EMN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.02. Eastman Chemical had a net margin of 9.65% and a return on equity of 16.27%. The company had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the previous year, the company earned $1.61 earnings per share. The firm's revenue for the quarter was down .9% on a year-over-year basis.

Several other brokerages have also recently issued reports on EMN. Wells Fargo & Company dropped their price objective on shares of Eastman Chemical from $125.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. 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 for the company in a research note on Wednesday, April 9th. StockNews.com cut shares of Eastman Chemical from a "buy" rating to a "hold" rating in a research note on Monday, April 28th. Citigroup raised shares of Eastman Chemical from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $105.00 to $101.00 in a research note on Friday, April 4th. Finally, KeyCorp decreased their target price on shares of Eastman Chemical from $120.00 to $106.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $99.15.

Eastman Chemical Price Performance

Shares of NYSE EMN traded up $0.15 during trading on Monday, hitting $81.40. The company had a trading volume of 205,128 shares, compared to its average volume of 1,067,508. The stock has a fifty day simple moving average of $81.87 and a two-hundred day simple moving average of $92.16. Eastman Chemical has a fifty-two week low of $70.90 and a fifty-two week high of $114.50. The firm has a market capitalization of $9.40 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 1.22 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 1.51 and a debt-to-equity ratio of 0.78.

Institutional Investors Weigh In On Eastman Chemical

Several large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Eastman Chemical in the 4th quarter valued at approximately $150,537,000. Capital World Investors acquired a new position in shares of Eastman Chemical in the 4th quarter valued at $137,848,000. Norges Bank acquired a new position in shares of Eastman Chemical in the 4th quarter valued at $137,416,000. Wealthfront Advisers LLC boosted its holdings in shares of Eastman Chemical by 3,136.8% in the 4th quarter. Wealthfront Advisers LLC now owns 736,011 shares of the basic materials company's stock valued at $67,213,000 after buying an additional 713,272 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in Eastman Chemical by 13.4% during the 4th quarter. Capital Research Global Investors now owns 5,886,564 shares of the basic materials company's stock worth $537,561,000 after purchasing an additional 697,388 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Eastman Chemical Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Friday, June 13th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, June 13th. Eastman Chemical's payout ratio is currently 42.24%.

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.