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NYSE:EMN

Eastman Chemical Stock Forecast, Price & News

$78.12
+0.97 (+1.26 %)
(As of 09/30/2020 12:00 AM ET)
Add
Compare
Today's Range
$77.45
Now: $78.12
$79.13
50-Day Range
$70.80
MA: $76.77
$85.48
52-Week Range
$34.44
Now: $78.12
$86.32
Volume1.04 million shs
Average Volume1.31 million shs
Market Capitalization$10.57 billion
P/E Ratio18.56
Dividend Yield3.42%
Beta1.61
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The company's Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and anti-degradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. Its Advanced Materials segment provides co-polyesters, cellulose esters, polyvinyl butyral (PVB) sheets, specialty PVB intermediates, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, consumables, building and construction, durable goods, and health and wellness markets. The company's Chemical Intermediates segment offers Olefin and acetyl derivatives, ethylene, and commodity solvents; primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers; and methylamines and salts higher amines and solvents to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns 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, aerospace, personal hygiene, and consumables markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.
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Eastman Chemical logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.17 out of 5 stars


Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals
CUSIP27743210
Phone423-229-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$11.34 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Miscellaneous

Employees14,500
Market Cap$10.57 billion
Next Earnings Date10/22/2020 (Estimated)
OptionableOptionable
$78.12
+0.97 (+1.26 %)
(As of 09/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

How has Eastman Chemical's stock price been impacted by COVID-19?

Eastman Chemical's stock was trading at $47.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EMN shares have increased by 64.4% and is now trading at $78.12.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Eastman Chemical?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 8 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Eastman Chemical
.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Eastman Chemical
.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) announced its earnings results on Monday, August, 3rd. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by $0.20. The basic materials company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.82 billion. Eastman Chemical had a return on equity of 14.02% and a net margin of 6.64%. The business's quarterly revenue was down 18.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.99 earnings per share.
View Eastman Chemical's earnings history
.

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

Eastman Chemical announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.66 per share on Friday, October 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, September 14th.
View Eastman Chemical's dividend history
.

What price target have analysts set for EMN?

17 Wall Street analysts have issued 1 year price objectives for Eastman Chemical's shares. Their forecasts range from $52.00 to $95.00. On average, they expect Eastman Chemical's stock price to reach $74.67 in the next twelve months. This suggests that the stock has a possible downside of 4.4%.
View analysts' price targets for Eastman Chemical
.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 3,990,000 shares, an increase of 57.7% from the August 31st total of 2,530,000 shares. Based on an average trading volume of 1,020,000 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.0% of the company's shares are short sold.
View Eastman Chemical's Short Interest
.

Who are some of Eastman Chemical's key competitors?

Some companies that are related to Eastman Chemical include Dow Chemical (DOW), PPG Industries (PPG), FMC (FMC), Huntsman (HUN), Olin (OLN) and LSB Industries (LXU).
View all competitors
.

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), QUALCOMM (QCOM), Intel (INTC), Verizon Communications (VZ), CVS Health (CVS), Pfizer (PFE), Cisco Systems (CSCO), Broadcom (AVGO) and Gilead Sciences (GILD).

Who are Eastman Chemical's key executives?

Eastman Chemical's management team includes the following people:
  • Mr. Mark J. Costa, Chairman & CEO (Age 53)
  • Mr. Curtis E. Espeland, Exec. VP & CFO (Age 54)
  • Mr. David A. Golden, Chief Legal & Sustainability Officer, Sr. VP and Corp. Sec. (Age 53)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 51)
  • Mr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 47)

What is Eastman Chemical's stock symbol?

Eastman Chemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "EMN."

How do I buy shares of Eastman Chemical?

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

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $78.12.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $10.57 billion and generates $9.27 billion in revenue each year. The basic materials company earns $759 million in net income (profit) each year or $7.13 on an earnings per share basis. Eastman Chemical employs 14,500 workers across the globe.

What is Eastman Chemical's official website?

The official website for Eastman Chemical is www.eastman.com.

How can I contact Eastman Chemical?

Eastman Chemical's mailing address is PO BOX 511 200 SOUTH WILCOX DRIVE, KINGSPORT TN, 37662. The basic materials company can be reached via phone at 423-229-2000 or via email at [email protected]

This page was last updated on 9/30/2020 by MarketBeat.com Staff

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