Eastman Chemical Company Company Profile (NYSE:EMN)

About Eastman Chemical Company (NYSE:EMN)

Eastman Chemical Company logoEastman Chemical Company (Eastman) is an advanced materials and specialty additives company. The Company's segments include Additives & Functional Products (AFP), Advanced Materials (AM), Chemical Intermediates (CI), and Fibers. In the AFP segment, it manufactures chemicals for products in the coatings, tires, consumables, building and construction, industrial applications, including solar energy markets, animal nutrition, care chemicals, crop protection, and energy markets. In the AM segment, it produces and markets its polymers, films, and plastics with differentiated performance properties for end uses in transportation, consumables, building and construction, durable goods, and health and wellness products. The CI segment leverages large scale and vertical integration from the cellulose and acetyl, olefins, and alkylamines streams to support its specialty operating segments. Its product lines in Fibers segment include Acetate Tow, Acetate Yarn and Acetyl Chemical Products.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Commodity Chemicals
  • Sub-Industry: Diversified Chemicals
  • Symbol: NYSE:EMN
  • CUSIP: 27743210
  • Web: www.eastman.com
  • Market Cap: $12.84 billion
  • Outstanding Shares: 144,828,000
Average Prices:
  • 50 Day Moving Avg: $87.59
  • 200 Day Moving Avg: $83.56
  • 52 Week Range: $66.10 - $91.39
  • Trailing P/E Ratio: 14.24
  • Foreward P/E Ratio: 10.93
  • P/E Growth: 1.38
Sales & Book Value:
  • Annual Revenue: $9.2 billion
  • Price / Sales: 1.40
  • Book Value: $33.23 per share
  • Price / Book: 2.67
  • Annual Dividend: $2.04
  • Dividend Yield: 2.3%
  • EBITDA: $2.15 billion
  • Net Margins: 10.11%
  • Return on Equity: 22.54%
  • Return on Assets: 6.74%
  • Debt-to-Equity Ratio: 1.36%
  • Current Ratio: 2.04%
  • Quick Ratio: 1.08%
  • Average Volume: 1.14 million shs.
  • Beta: 1.27
  • Short Ratio: 2.67

Frequently Asked Questions for Eastman Chemical Company (NYSE:EMN)

What is Eastman Chemical Company's stock symbol?

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

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

Eastman Chemical Company announced a quarterly dividend on Friday, August 4th. Investors of record on Friday, September 15th will be given a dividend of $0.51 per share on Monday, October 2nd. This represents a $2.04 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, September 14th. View Eastman Chemical Company's Dividend History.

How were Eastman Chemical Company's earnings last quarter?

Eastman Chemical Company (NYSE:EMN) announced its quarterly earnings data on Thursday, July, 27th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.89 by $0.09. The business earned $2.42 billion during the quarter, compared to analysts' expectations of $2.35 billion. Eastman Chemical Company had a net margin of 10.11% and a return on equity of 22.54%. Eastman Chemical Company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 EPS. View Eastman Chemical Company's Earnings History.

When will Eastman Chemical Company make its next earnings announcement?

Eastman Chemical Company is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 2017. View Earnings Estimates for Eastman Chemical Company.

Where is Eastman Chemical Company's stock going? Where will Eastman Chemical Company's stock price be in 2017?

12 brokers have issued twelve-month price objectives for Eastman Chemical Company's shares. Their predictions range from $85.00 to $101.00. On average, they expect Eastman Chemical Company's share price to reach $92.73 in the next twelve months. View Analyst Ratings for Eastman Chemical Company.

What are analysts saying about Eastman Chemical Company stock?

Here are some recent quotes from research analysts about Eastman Chemical Company stock:

  • 1. According to Zacks Investment Research, "Eastman Chemical has underperformed the industry it belongs to over the past six months. Eastman Chemical continues to face pricing pressure. Prices of acetate tow remain weak. The company is also exposed to weakness in its Fibers unit and raw material price volatility. It is seeing lower acetate tow volumes and declining sales in the Fibers business. Raw materials costs headwind is also expected to persist in the third quarter." (10/17/2017)
  • 2. Instinet analysts commented, "We reiterate Buy on EMN and raise our target from $77 to $87. We continue to view EMN as a rare value stock after valuations elsewhere in the sector expanded more dramatically. EMN appears to alternate between "solid" and "soft" quarters recently. We consider 4Q16 to be in the latter category and expect more convincing performance in 1H17 due to a) commodity spreads improving; b) pricing catching up with raw materials in more differentiated businesses; c) progress with new products that starts to moderately help earnings. Filter tow, while a source of risk, now represents only 13% of EBITDA, and will see more stable pricing over next 2-3 years, in our view. FY17E EPS at $7.35; FY18E EPS at $7.84." (2/1/2017)

Who are some of Eastman Chemical Company's key competitors?

Who are Eastman Chemical Company's key executives?

Eastman Chemical Company's management team includes the folowing people:

  • Mark J. Costa, Chairman of the Board, Chief Executive Officer
  • Curtis E. Espeland, Chief Financial Officer, Executive Vice President
  • Brad A. Lich, Executive Vice President, Chief Commercial Officer
  • Stephen G. Crawford, Senior Vice President, Chief Technology Officer
  • David A. Golden, Senior Vice President, Chief Legal and Sustainability Officer and Corporate Secretary
  • Lucian Boldea, Senior Vice President
  • Michael H. K. Chung, Senior Vice President, Chief International Ventures Officer
  • Mark K. Cox, Senior Vice President, Chief Manufacturing, Supply Chain, and Engineering Officer
  • Perry Stuckey III, Senior Vice President, Chief Human Resources Officer
  • Damon Cary Warmack, Senior Vice President - Corporate Development and Chemical Intermediates

Who owns Eastman Chemical Company stock?

Eastman Chemical Company's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include APG Asset Management N.V. (0.66%), Assenagon Asset Management S.A. (0.32%), PGGM Investments (0.23%), Personal Capital Advisors Corp (0.15%), Nationwide Fund Advisors (0.09%) and Barometer Capital Management Inc. (0.06%). Company insiders that own Eastman Chemical Company stock include Curtis E Espeland, David W Raisbeck, Lewis M Kling, Lucian Boldea, Mark J Costa, Mark K Cox, Michael Hk Chung, Michael P Connors, Renee J Hornbaker, Robert M Hernandez, Ronald Carter Lindsay, Scott V King, Stephen Glenn Crawford and Stephen R Demeritt. View Institutional Ownership Trends for Eastman Chemical Company.

Who sold Eastman Chemical Company stock? Who is selling Eastman Chemical Company stock?

Eastman Chemical Company's stock was sold by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors, Oakbrook Investments LLC and State Treasurer State of Michigan. Company insiders that have sold Eastman Chemical Company stock in the last year include Curtis E Espeland, David W Raisbeck, Lewis M Kling, Lucian Boldea, Mark J Costa, Mark K Cox, Michael Hk Chung, Renee J Hornbaker, Robert M Hernandez, Scott V King, Stephen Glenn Crawford and Stephen R Demeritt. View Insider Buying and Selling for Eastman Chemical Company.

Who bought Eastman Chemical Company stock? Who is buying Eastman Chemical Company stock?

Eastman Chemical Company's stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., PGGM Investments, APG Asset Management N.V., Barometer Capital Management Inc., Meeder Asset Management Inc., Shell Asset Management Co., Personal Capital Advisors Corp and Denali Advisors LLC. View Insider Buying and Selling for Eastman Chemical Company.

How do I buy Eastman Chemical Company stock?

Shares of Eastman Chemical Company can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Eastman Chemical Company's stock price today?

One share of Eastman Chemical Company stock can currently be purchased for approximately $88.67.

MarketBeat Community Rating for Eastman Chemical Company (NYSE EMN)
Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  440 (Vote Outperform)
Underperform Votes:  322 (Vote Underperform)
Total Votes:  762
MarketBeat's community ratings are surveys of what our community members think about Eastman Chemical Company and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Eastman Chemical Company (NYSE:EMN) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 7 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.42)
Consensus Price Target: $92.73 (4.58% upside)
Consensus Price Target History for Eastman Chemical Company (NYSE:EMN)
Price Target History for Eastman Chemical Company (NYSE:EMN)
Analysts' Ratings History for Eastman Chemical Company (NYSE:EMN)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/12/2017SunTrust Banks, Inc.Reiterated RatingHold$90.00N/AView Rating Details
10/10/2017InstinetDowngradeBuy -> Neutral$91.00N/AView Rating Details
10/10/2017Deutsche Bank AGBoost Price TargetBuy$95.00 -> $100.00N/AView Rating Details
10/10/2017NomuraDowngradeBuy -> Neutral$91.00N/AView Rating Details
10/4/2017KeyCorpReiterated RatingBuy$100.00HighView Rating Details
10/3/2017Jefferies Group LLCReiterated RatingBuy$96.00MediumView Rating Details
9/28/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$81.00 -> $101.00HighView Rating Details
8/7/2017Cowen and CompanyBoost Price TargetOutperform -> Outperform$88.00 -> $92.00LowView Rating Details
7/12/2017Citigroup Inc.Boost Price TargetNeutral$81.00 -> $89.00LowView Rating Details
6/5/2017Royal Bank Of CanadaReiterated RatingHold$85.00LowView Rating Details
1/30/2017Barclays PLCBoost Price TargetEqual Weight$80.00 -> $85.00N/AView Rating Details
1/24/2017Standpoint ResearchDowngradeBuy -> HoldN/AView Rating Details
8/16/2016J P Morgan Chase & CoReiterated RatingBuyN/AView Rating Details
7/1/2016Susquehanna Bancshares IncInitiated CoveragePositive$90.00N/AView Rating Details
6/16/2016Morgan StanleyReiterated RatingHoldN/AView Rating Details
2/1/2016MacquarieLower Price TargetOutperform$95.00 -> $84.00N/AView Rating Details
(Data available from 10/23/2015 forward)


Earnings History for Eastman Chemical Company (NYSE:EMN)
Earnings by Quarter for Eastman Chemical Company (NYSE:EMN)
Earnings History by Quarter for Eastman Chemical Company (NYSE EMN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2017$2.03N/AView Earnings Details
7/27/2017Q2 2017$1.89$1.98$2.35 billion$2.42 billionViewN/AView Earnings Details
4/27/2017Q1 2017$1.74$1.83$2.24 billion$2.30 billionViewN/AView Earnings Details
1/26/2017Q4 2016$1.49$1.51$2.14 billion$2.19 billionViewListenView Earnings Details
10/27/2016Q3$1.67$1.86$2.30 billion$2.29 billionViewListenView Earnings Details
7/28/2016Q2$1.73$1.68$2.36 billion$2.30 billionViewListenView Earnings Details
4/28/2016Q1$1.53$1.71$2.31 billion$2.24 billionViewListenView Earnings Details
10/29/2015Q3$1.84$1.84$2.58 billion$2.45 billionViewListenView Earnings Details
7/27/2015Q215$1.83$2.01$2.65 billion$2.53 billionViewListenView Earnings Details
4/30/2015Q1$1.61$1.84$2.56 billion$2.44 billionViewListenView Earnings Details
1/29/2015Q4$1.54$1.64$2.34 million$2.35 millionViewListenView Earnings Details
10/30/2014Q314$1.80$1.89$2.41 billion$2.41 billionViewListenView Earnings Details
7/28/2014Q214$1.84$1.92$2.51 billion$1.46 billionViewListenView Earnings Details
4/24/2014Q114$1.60$1.61$2.40 billion$2.31 billionViewListenView Earnings Details
1/31/2014Q413$1.25$1.34$2.22 billion$2.30 billionViewListenView Earnings Details
10/25/2013Q313$1.64$1.68$2.34 billion$2.34 billionViewListenView Earnings Details
7/29/2013Q2 2013$1.64$1.80$2.39 billion$2.44 billionViewListenView Earnings Details
4/25/2013Q1 2013$1.57$1.62$2.38 billion$2.31 billionViewListenView Earnings Details
1/31/2013Q4 2012$1.19$1.19$2.24 billion$2.17 billionViewListenView Earnings Details
10/25/2012$1.42$1.57ViewN/AView Earnings Details
7/30/2012$1.30$1.40ViewN/AView Earnings Details
4/26/2012$1.12$1.22ViewN/AView Earnings Details
1/26/2012$0.80$0.71ViewN/AView Earnings Details
10/27/2011$1.11$1.16ViewN/AView Earnings Details
7/28/2011$2.61$2.76ViewN/AView Earnings Details
4/28/2011$1.93$2.52ViewN/AView Earnings Details
1/31/2011$1.49$1.41ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Eastman Chemical Company (NYSE:EMN)
2017 EPS Consensus Estimate: $7.21
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$1.69$1.80$1.75
Q2 20173$1.80$1.93$1.88
Q3 20173$1.95$2.10$2.03
Q4 20173$1.26$1.74$1.55
(Data provided by Zacks Investment Research)


Current Dividend Information for Eastman Chemical Company (NYSE:EMN)
Most Recent Dividend:10/2/2017
Annual Dividend:$2.04
Dividend Yield:2.30%
Dividend Growth:26.90% (3 Year Average)
Payout Ratio:32.28% (Trailing 12 Months of Earnings)
27.79% (Based on This Year's Estimates)
25.15% (Based on Next Year's Estimates)
Track Record:5 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Eastman Chemical Company (NYSE:EMN)

Dividend History by Quarter for Eastman Chemical Company (NYSE EMN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Eastman Chemical Company (NYSE:EMN)
Insider Ownership Percentage: 1.14%
Institutional Ownership Percentage: 82.12%
Insider Trades by Quarter for Eastman Chemical Company (NYSE:EMN)
Institutional Ownership by Quarter for Eastman Chemical Company (NYSE:EMN)
Insider Trades by Quarter for Eastman Chemical Company (NYSE:EMN)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/22/2017Renee J HornbakerDirectorSell4,000$84.43$337,720.00View SEC Filing  
8/3/2017Mark K. CoxInsiderSell1,400$84.24$117,936.00View SEC Filing  
5/31/2017Lewis M KlingDirectorSell4,000$79.88$319,520.00View SEC Filing  
3/7/2017David W RaisbeckDirectorSell4,000$79.18$316,720.00View SEC Filing  
3/2/2017Stephen Glenn CrawfordSVPSell3,800$80.73$306,774.00View SEC Filing  
2/28/2017Lucian BoldeaInsiderSell821$80.08$65,745.68View SEC Filing  
2/28/2017Scott V KingCAOSell8,000$79.56$636,480.00View SEC Filing  
2/22/2017Michael Hk ChungSVPSell10,968$81.26$891,259.68View SEC Filing  
2/17/2017Mark J CostaCEOSell16,250$79.97$1,299,512.50View SEC Filing  
2/3/2017Curtis E EspelandCFOSell17,100$78.00$1,333,800.00View SEC Filing  
2/1/2017Robert M. HernandezDirectorSell8,000$77.75$622,000.00View SEC Filing  
12/5/2016Stephen R DemerittDirectorSell4,000$75.81$303,240.00View SEC Filing  
5/10/2016Mark J CostaCEOSell38,400$75.16$2,886,144.00View SEC Filing  
5/4/2016Scott V KingCAOSell12,000$75.48$905,760.00View SEC Filing  
2/25/2016Ronald Carter LindsayCOOSell55,000$64.33$3,538,150.00View SEC Filing  
2/22/2016Mark J CostaCEOSell56,000$62.83$3,518,480.00View SEC Filing  
2/19/2016Michael P ConnorsDirectorSell8,000$62.93$503,440.00View SEC Filing  
6/22/2015Ronald Carter LindsayCOOSell11,000$82.17$903,870.00View SEC Filing  
6/18/2015Ronald Carter LindsayCOOSell11,000$79.10$870,100.00View SEC Filing  
6/15/2015Ronald Carter LindsayCOOSell11,000$76.69$843,590.00View SEC Filing  
5/14/2015Ronald Carter LindsayCOOSell27,800$78.39$2,179,242.00View SEC Filing  
5/8/2015Godefroy Afe MotteSVPSell7,920$80.07$634,154.40View SEC Filing  
11/25/2014Stephen R DemerittDirectorSell8,000$86.49$691,920.00View SEC Filing  
11/24/2014David A GoldenSVPSell1,734$87.41$151,568.94View SEC Filing  
5/19/2014Renee HornbakerDirectorSell4,000$86.41$345,640.00View SEC Filing  
3/7/2014David RaisbeckDirectorSell4,000$87.22$348,880.00View SEC Filing  
3/4/2014Michael Hk ChungSVPSell8,000$88.16$705,280.00View SEC Filing  
3/3/2014Mark CostaCEOSell70,000$87.04$6,092,800.00View SEC Filing  
3/3/2014Scott KingCAOSell8,853$86.99$770,122.47View SEC Filing  
2/26/2014Michael ConnorsDirectorSell8,000$85.79$686,320.00View SEC Filing  
2/26/2014Stephen Glenn CrawfordSVPSell8,200$86.25$707,250.00View SEC Filing  
2/24/2014Brad LichEVPSell7,500$84.54$634,050.00View SEC Filing  
2/24/2014Ronald Carter LindsayCOOSell30,000$84.67$2,540,100.00View SEC Filing  
8/6/2013David GoldenSVPSell5,200$80.78$420,056.00View SEC Filing  
8/5/2013Howard LanceDirectorSell12,000$82.40$988,800.00View SEC Filing  
8/2/2013Mark CostaPresidentSell20,000$81.50$1,630,000.00View SEC Filing  
8/2/2013Ronald Carter LindsayVPSell65,399$81.54$5,332,634.46View SEC Filing  
8/2/2013Scott KingCAOSell22,200$81.79$1,815,738.00View SEC Filing  
8/9/2012Mark J CostaEVPSell15,000$54.22$813,300.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Eastman Chemical Company (NYSE:EMN)
Latest Headlines for Eastman Chemical Company (NYSE:EMN)
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Eastman Chemical Company (EMN) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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