Eastman Chemical Company (NYSE:EMN - Free Report) - Investment analysts at Zacks Research upped their Q1 2026 earnings per share estimates for shares of Eastman Chemical in a report issued on Tuesday, June 24th. Zacks Research analyst R. Department now forecasts that the basic materials company will post earnings per share of $1.87 for the quarter, up from their previous estimate of $1.85. The consensus estimate for Eastman Chemical's current full-year earnings is $8.55 per share.
Eastman Chemical (NYSE:EMN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.91 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company earned $1.61 earnings per share. The business's revenue for the quarter was down .9% on a year-over-year basis.
A number of other research analysts also recently issued reports on the stock. 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. Barclays decreased their price target on Eastman Chemical from $108.00 to $85.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. KeyCorp lowered their price target 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. Mizuho raised shares of Eastman Chemical from a "neutral" rating to an "outperform" rating and set a $105.00 price objective for the company in a report on Thursday, April 3rd. Finally, UBS Group lowered their price target on Eastman Chemical from $111.00 to $107.00 and set a "buy" rating on the stock in a research report on Wednesday, May 28th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Eastman Chemical currently has a consensus rating of "Moderate Buy" and an average price target of $98.54.
View Our Latest Report on EMN
Eastman Chemical Stock Performance
Shares of NYSE EMN traded down $1.36 during mid-day trading on Friday, hitting $74.85. The stock had a trading volume of 2,113,028 shares, compared to its average volume of 1,490,013. The firm has a market cap of $8.64 billion, a PE ratio of 9.52, a PEG ratio of 1.78 and a beta of 1.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.79 and a current ratio of 1.72. The company has a 50 day moving average of $78.56 and a two-hundred day moving average of $86.88. Eastman Chemical has a twelve month low of $70.90 and a twelve month high of $114.50.
Eastman Chemical Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Friday, June 13th will be given a dividend of $0.83 per share. The ex-dividend date is Friday, June 13th. This represents a $3.32 dividend on an annualized basis and a yield of 4.44%. Eastman Chemical's payout ratio is 42.24%.
Institutional Investors Weigh In On Eastman Chemical
Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of 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 worth $167,000 after buying an additional 214 shares in the last quarter. CX Institutional acquired a new position in Eastman Chemical in the 1st quarter valued at about $107,000. State of Alaska Department of Revenue lifted its holdings in Eastman Chemical by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 28,486 shares of the basic materials company's stock valued at $2,509,000 after purchasing an additional 270 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Eastman Chemical during the 1st quarter worth about $2,809,000. Finally, Merit Financial Group LLC lifted its stake in shares of Eastman Chemical by 11.7% during the first quarter. Merit Financial Group LLC now owns 2,961 shares of the basic materials company's stock valued at $261,000 after buying an additional 310 shares during the period. Hedge funds and other institutional investors own 83.65% of the company's stock.
About Eastman Chemical
(
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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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