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NYSE:EMN

Eastman Chemical (EMN) Stock Price, News & Analysis

$100.23
+1.18 (+1.19%)
(As of 05/24/2024 ET)
Today's Range
$99.47
$100.24
50-Day Range
$92.30
$102.04
52-Week Range
$68.89
$102.71
Volume
316,331 shs
Average Volume
786,757 shs
Market Capitalization
$11.79 billion
P/E Ratio
12.92
Dividend Yield
3.23%
Price Target
$106.24

Eastman Chemical MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
6.0% Upside
$106.24 Price Target
Short Interest
Healthy
1.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.93
Upright™ Environmental Score
News Sentiment
0.88mentions of Eastman Chemical in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$11.11 M Sold Last Quarter
Proj. Earnings Growth
18.97%
From $7.75 to $9.22 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Basic Materials Sector

13th out of 168 stocks

Plastics Materials & Resins Industry

3rd out of 10 stocks

EMN stock logo

About Eastman Chemical Stock (NYSE:EMN)

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. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral sheets, and window and protective films for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non-phthalate plasticizers for industrial chemicals and processing, building and construction, health and wellness, and food and feed. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns, and staple fiber for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. The company was founded in 1920 and is headquartered in Kingsport, Tennessee.

EMN Stock Price History

EMN Stock News Headlines

Eastman Chemical (NYSE:EMN) Raised to "Buy" at UBS Group
UBS Upgrades Eastman Chemical (EMN)
Expert Outlook: Eastman Chemical Through The Eyes Of 11 Analysts
Eastman Partners Debrand to Recycle Textile Waste
Making Playtime Safer
Planning Is Everything - at Work and on the Ice
KeyBanc Reaffirms Their Buy Rating on Eastman Chemical (EMN)
See More Headlines
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Company Calendar

Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Last Earnings
4/25/2024
Today
5/25/2024
Ex-Dividend for 7/9 Dividend
6/17/2024
Dividend Payable
7/09/2024
Next Earnings (Estimated)
7/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics materials & resins
Sub-Industry
Diversified Chemicals
CUSIP
27743210
Employees
14,000
Year Founded
1920

Price Target and Rating

Average Stock Price Target
$106.24
High Stock Price Target
$128.00
Low Stock Price Target
$86.00
Potential Upside/Downside
+6.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
16 Analysts

Profitability

Net Income
$894 million
Pretax Margin
12.15%

Debt

Sales & Book Value

Annual Sales
$9.21 billion
Cash Flow
$10.87 per share
Book Value
$47.67 per share

Miscellaneous

Free Float
115,378,000
Market Cap
$11.79 billion
Optionable
Optionable
Beta
1.54

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EMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Eastman Chemical stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EMN shares.
View EMN analyst ratings
or view top-rated stocks.

What is Eastman Chemical's stock price target for 2024?

16 Wall Street research analysts have issued 1-year price targets for Eastman Chemical's shares. Their EMN share price targets range from $86.00 to $128.00. On average, they predict the company's share price to reach $106.24 in the next twelve months. This suggests a possible upside of 6.0% from the stock's current price.
View analysts price targets for EMN
or view top-rated stocks among Wall Street analysts.

How have EMN shares performed in 2024?

Eastman Chemical's stock was trading at $89.82 on January 1st, 2024. Since then, EMN shares have increased by 11.6% and is now trading at $100.23.
View the best growth stocks for 2024 here
.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a decrease in short interest in April. As of April 30th, there was short interest totaling 1,740,000 shares, a decrease of 20.9% from the April 15th total of 2,200,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.5% of the shares of the company are short sold.
View Eastman Chemical's Short Interest
.

When is Eastman Chemical's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our EMN earnings forecast
.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) posted its quarterly earnings data on Thursday, April, 25th. The basic materials company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.20. The basic materials company had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.29 billion. Eastman Chemical had a trailing twelve-month return on equity of 13.84% and a net margin of 10.16%. The company's revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.63 EPS.
Read the conference call transcript
.

How often does Eastman Chemical pay dividends? What is the dividend yield for Eastman Chemical?

Eastman Chemical announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Monday, June 17th will be given a dividend of $0.81 per share on Tuesday, July 9th. This represents a $3.24 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Monday, June 17th.
Read our dividend analysis for EMN
.

Is Eastman Chemical a good dividend stock?

Eastman Chemical (NYSE:EMN) pays an annual dividend of $3.24 per share and currently has a dividend yield of 3.27%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 41.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EMN will have a dividend payout ratio of 35.14% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EMN.

What guidance has Eastman Chemical issued on next quarter's earnings?

Eastman Chemical updated its FY 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of 7.250-8.000 for the period, compared to the consensus EPS estimate of 7.660. The company issued revenue guidance of -.

What is Mark J. Costa's approval rating as Eastman Chemical's CEO?

742 employees have rated Eastman Chemical Chief Executive Officer Mark J. Costa on Glassdoor.com. Mark J. Costa has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Eastman Chemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include AT&T (T), AbbVie (ABBV), Intel (INTC), QUALCOMM (QCOM), CVS Health (CVS), Verizon Communications (VZ), Pfizer (PFE), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Broadcom (AVGO).

Who are Eastman Chemical's major shareholders?

Eastman Chemical's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.59%), Capital Research Global Investors (3.83%), Earnest Partners LLC (1.87%), LSV Asset Management (1.41%), Clearbridge Investments LLC (0.95%) and Sei Investments Co. (0.67%). Insiders that own company stock include Adrian James Holt, Brad A Lich, Christopher Moore Killian, Mark J Costa, Mark K Cox and Stephen Glenn Crawford.
View institutional ownership trends
.

How do I buy shares of Eastman Chemical?

Shares of EMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Eastman Chemical have any subsidiaries?
The following companies are subsidiares of Eastman Chemical: BP - Aviation Turbine Oil Business, CP Films Vertriebs GmbH, Commonwealth Laminating & Coating (Hong Kong) Limited, Commonwealth Laminating & Coating Inc, Crown Operations International LLC, Dynaloy, Eastman Administración S.A. de C.V., Eastman Chemical (Barbados) SRL, Eastman Chemical (China) Co. Ltd., Eastman Chemical (China) Co. Ltd. - Guangzhou Branch, Eastman Chemical (China) Co. Ltd. - JingAn Branch, Eastman Chemical (Gibraltar) Limited, Eastman Chemical (Malaysia) Sdn. Bhd., Eastman Chemical (PPU) Pte. Ltd., Eastman Chemical AMI GmbH, Eastman Chemical AMI LLC, Eastman Chemical AP Holdings B.V., Eastman Chemical Adhesives (Hong Kong) Limited, Eastman Chemical Advanced Materials B.V., Eastman Chemical Argentina S.R.L., Eastman Chemical Asia Pacific Pte Ltd-Indonesia Rep Office, Eastman Chemical Asia Pacific Pte. Ltd., Eastman Chemical Asia Pacific Pte. Ltd. - Vietnam Representative Office, Eastman Chemical Australia Pty LTD - New Zealand Branch, Eastman Chemical Australia Pty. Ltd., Eastman Chemical B.V., Eastman Chemical B.V. - Czech Republic Representative Office, Eastman Chemical B.V. - Denmark Branch, Eastman Chemical B.V. - Filiale Italiana, Eastman Chemical B.V. - France Branch, Eastman Chemical B.V. - Hungarian Commercial Representative Office, Eastman Chemical B.V. - Poland Representative Office, Eastman Chemical B.V. - South Africa Representative Office, Eastman Chemical B.V. Taiwan Branch, Eastman Chemical B.V. The Hague Zug Branch, Eastman Chemical Canada Inc., Eastman Chemical Company Investments Inc., Eastman Chemical EMEA B.V., Eastman Chemical Europe Middle East and Africa LLC, Eastman Chemical Europe S.a.r.l., Eastman Chemical Fibers IP GmbH, Eastman Chemical Fibers IP LLC, Eastman Chemical Finance B.V., Eastman Chemical Finance CN S.a.r.l., Eastman Chemical Finance EUR S.a.r.l., Eastman Chemical Finance GBP S.a.r.l., Eastman Chemical Finance SGD S.a.r.l., Eastman Chemical Finance USD S.a.r.l., Eastman Chemical Financial Corporation, Eastman Chemical GDL S.a.r.l., Eastman Chemical Germany Holdings GmbH & Co. KG, Eastman Chemical Germany Management GmbH & Co. KG, Eastman Chemical Germany Verwaltungs-GmbH, Eastman Chemical Global Holdings LLC, Eastman Chemical Global Holdings S.a.r.l., Eastman Chemical GmbH, Eastman Chemical HK Limited, Eastman Chemical Holdings do Brasil Ltda., Eastman Chemical Hong Kong B.V., Eastman Chemical Iberica S.L., Eastman Chemical India Private Limited, Eastman Chemical Intermediates (Hong Kong) Limited, Eastman Chemical International GmbH, Eastman Chemical International Holdings B.V., Eastman Chemical International LP LLC, Eastman Chemical Japan Ltd., Eastman Chemical Korea B.V., Eastman Chemical Korea Ltd., Eastman Chemical Latin America Inc., Eastman Chemical Ltd., Eastman Chemical Ltd. - Australia Branch, Eastman Chemical Ltd. - Singapore Branch, Eastman Chemical Ltd. - Taiwan Branch, Eastman Chemical Luxembourg Finance S.a.r.l., Eastman Chemical Luxembourg Holdings 1 LLC, Eastman Chemical Luxembourg Holdings 1 S.a.r.l., Eastman Chemical Luxembourg Holdings 2 S.a.r.l., Eastman Chemical Luxembourg Holdings LLC, Eastman Chemical Luxembourg Holdings S.a.r.l., Eastman Chemical Malaysia B.V., Eastman Chemical Middelburg B.V., Eastman Chemical Netherlands Limited, Eastman Chemical Products Singapore Pte. Ltd., Eastman Chemical Regional UK, Eastman Chemical Resins Inc., Eastman Chemical S.C.S., Eastman Chemical Singapore Pte. Ltd., Eastman Chemical Switzerland GmbH, Eastman Chemical Technology BVBA, Eastman Chemical Texas City Inc., Eastman Chemical US Finance LLC, Eastman Chemical Uruapan S.A. de C.V., Eastman Chemical Workington Limited, Eastman Chemical do Brasil Ltda., Eastman Cogen Management L.L.C., Eastman Cogeneration L.P., Eastman Company UK Limited, Eastman Fibers Korea Limited, Eastman Fibers Singapore Pte. Ltd., Eastman Foundation, Eastman Global Holdings Inc., Eastman International Holdings LLC, Eastman International Management Company, Eastman Italia S.r.l., Eastman Kimya Sanayi ve Ticaret Limited Sirketi, Eastman LAR Distribucion S. de R.L. de C.V., Eastman Mazzucchelli Hong Kong Limited, Eastman Mazzucchelli Plastics (Shenzhen) Company Limited, Eastman Servicios Corporativos S.A. de C.V., Eastman Spain L.L.C., Eastman Specialties Corporation, Eastman Specialties Holdings Corporation, Eastman Specialties OU, Eastman Specialties S.a.r.l., Eastman Specialties Wuhan Youji Chemical Co. Ltd, Eastman de Argentina SRL, Ecuataminco S.A., Flexsys America L.P., Flexsys America LLC, Flexsys Chemicals (M) Sdn Bhd, Flexsys K.K., Flexsys Rubber Chemicals Limited, Flexsys Verkauf GmbH, Flexsys Verkauf GmbH - France Branch, Flexsys Verwaltungs- und Beteiligungsgesellschaft mbH, Genovique Specialties Corporation, HDK Industries Inc., Holston Defense Corporation, Huper Optik (GP) L.L.C., Huper Optik International Pte. Ltd., Huper Optik U.S.A. L.P., Industriepark Nienburg GmbH, Kingsport Hotel L.L.C., Knowlton Technologies LLC, Monchem International LLC, Mustang Pipeline Company, Nanjing Yangzi Eastman Chemical Ltd, Novomatrix Inc., Novomatrix International Trading (Shanghai) Co. Ltd., Qilu Eastman Specialty Chemicals Ltd, S E Investment LLC, Sakra Hyco Pte. Ltd., Sakra Island Carbon Dioxide Pte Ltd, Scandiflex do Brasil Ltda., Solchem LLC, Solchem Netherlands C.V., Solutia (Thailand) Ltd., Solutia Brasil Ltda., Solutia Canada Inc., Solutia Chemicals France S.a.r.l., Solutia Chemicals India Private Limited, Solutia Chemicals India Private Limited - Branch, Solutia Deutschland GmbH, Solutia Europe BVBA - Portugal Representative Office, Solutia Europe BVBA - Russia Representative Office, Solutia Europe SPRL/BVBA, Solutia Greater China LLC, Solutia Hong Kong Limited, Solutia Inc., Solutia International Trading (Shanghai) Co. Ltd., Solutia Italia S.r.l., Solutia Japan Limited, Solutia Performance Products (Suzhou) Co. Ltd., Solutia Performance Products Solutions Ltd., Solutia Singapore Pte. Ltd., Solutia Solar GmbH, Solutia Therminol Co. Ltd. Suzhou, Solutia Tlaxcala S.A. de C.V., Solutia UK Holdings Limited, Solutia UK Investments Limited, Solutia UK Limited, Solutia Venezuela S.R.L., Southwall Europe GmbH, Southwall Insulating Glass LLC, Southwall Technologies Inc., St. Gabriel CC Company LLC, Sterling Chemicals Inc, SunTek Australia Pty. Ltd., SunTek Films Canada Inc., SunTek UK Limited, TX Energy LLC, Taminco Argentina S.A., Taminco BVBA, Taminco BVBA - France Rep Office, Taminco BVBA - Hungarian Commercial Representative Office, Taminco BVBA - Oficina de Representacion en Espana, Taminco BVBA - The Philippines, Taminco Chile S.p.A, Taminco Choline Chloride (Shanghai) Co. Ltd., Taminco Corporation, Taminco Finland Oy, Taminco Germany GmbH, Taminco Global Chemical LLC, Taminco Group BVBA, Taminco Group Holdings S.a.r.l., Taminco Holding Netherlands B.V., Taminco Intermediate LLC, Taminco Italia S.r.l., Taminco Limitada, Taminco Mexico S. de R.L. de C.V., Taminco US LLC, Taminco Uruguay S.A., Taminco de Guatemala S.A., Taminco de Honduras S.A. de C.V., Taminco do Brasil Comercio e Industria de Aminas Ltda., Taminco do Brasil Produtos Quimicos Ltda., Te An Ling Tian (Nanjing) Fine Chemical Co. Ltd., TetraVitae Bioscience, V-Kool International Pte. Ltd., and Yixing Taminco Feed Additives Co. Ltd..
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This page (NYSE:EMN) was last updated on 5/26/2024 by MarketBeat.com Staff

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