About Eastman Chemical Company (NYSE:EMN)
Eastman 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
- 50 Day Moving Avg: $87.59
- 200 Day Moving Avg: $83.56
- 52 Week Range: $66.10 - $91.39
Sales & Book Value:
- Trailing P/E Ratio: 14.24
- Foreward P/E Ratio: 10.93
- P/E Growth: 1.38
- 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?
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?
Some companies that are related to Eastman Chemical Company include Albemarle Corporation (ALB), Celanese Corporation (CE), Braskem S.A. (BAK), Westlake Chemical Corporation (WLK), Chemours Company (The) (CC), Olin Corporation (OLN), NewMarket Corporation (NEU), Methanex Corporation (MEOH), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), Calgon Carbon Corporation (CCC), A. Schulman (SHLM), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), Trecora Resources (TREC) and Enzymotec Ltd (ENZY).
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?
MarketBeat Community Rating for Eastman Chemical Company (NYSE EMN)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.
One share of Eastman Chemical Company stock can currently be purchased for approximately $88.67.
Consensus Ratings for Eastman Chemical Company (NYSE:EMN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Eastman Chemical Company (NYSE:EMN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/12/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||$90.00||N/A|
|10/10/2017||Instinet||Downgrade||Buy -> Neutral||$91.00||N/A|
|10/10/2017||Deutsche Bank AG||Boost Price Target||Buy||$95.00 -> $100.00||N/A|
|10/10/2017||Nomura||Downgrade||Buy -> Neutral||$91.00||N/A|
|10/3/2017||Jefferies Group LLC||Reiterated Rating||Buy||$96.00||Medium|
|9/28/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$81.00 -> $101.00||High|
|8/7/2017||Cowen and Company||Boost Price Target||Outperform -> Outperform||$88.00 -> $92.00||Low|
|7/12/2017||Citigroup Inc.||Boost Price Target||Neutral||$81.00 -> $89.00||Low|
|6/5/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$85.00||Low|
|1/30/2017||Barclays PLC||Boost Price Target||Equal Weight||$80.00 -> $85.00||N/A|
|1/24/2017||Standpoint Research||Downgrade||Buy -> Hold||N/A|
|8/16/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|7/1/2016||Susquehanna Bancshares Inc||Initiated Coverage||Positive||$90.00||N/A|
|6/16/2016||Morgan Stanley||Reiterated Rating||Hold||N/A|
|2/1/2016||Macquarie||Lower Price Target||Outperform||$95.00 -> $84.00||N/A|
Earnings History for Eastman Chemical Company (NYSE:EMN)Earnings History by Quarter for Eastman Chemical Company (NYSE EMN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$1.89||$1.98||$2.35 billion||$2.42 billion||View||N/A|
|4/27/2017||Q1 2017||$1.74||$1.83||$2.24 billion||$2.30 billion||View||N/A|
|1/26/2017||Q4 2016||$1.49||$1.51||$2.14 billion||$2.19 billion||View||Listen|
|10/27/2016||Q3||$1.67||$1.86||$2.30 billion||$2.29 billion||View||Listen|
|7/28/2016||Q2||$1.73||$1.68||$2.36 billion||$2.30 billion||View||Listen|
|4/28/2016||Q1||$1.53||$1.71||$2.31 billion||$2.24 billion||View||Listen|
|10/29/2015||Q3||$1.84||$1.84||$2.58 billion||$2.45 billion||View||Listen|
|7/27/2015||Q215||$1.83||$2.01||$2.65 billion||$2.53 billion||View||Listen|
|4/30/2015||Q1||$1.61||$1.84||$2.56 billion||$2.44 billion||View||Listen|
|1/29/2015||Q4||$1.54||$1.64||$2.34 million||$2.35 million||View||Listen|
|10/30/2014||Q314||$1.80||$1.89||$2.41 billion||$2.41 billion||View||Listen|
|7/28/2014||Q214||$1.84||$1.92||$2.51 billion||$1.46 billion||View||Listen|
|4/24/2014||Q114||$1.60||$1.61||$2.40 billion||$2.31 billion||View||Listen|
|1/31/2014||Q413||$1.25||$1.34||$2.22 billion||$2.30 billion||View||Listen|
|10/25/2013||Q313||$1.64||$1.68||$2.34 billion||$2.34 billion||View||Listen|
|7/29/2013||Q2 2013||$1.64||$1.80||$2.39 billion||$2.44 billion||View||Listen|
|4/25/2013||Q1 2013||$1.57||$1.62||$2.38 billion||$2.31 billion||View||Listen|
|1/31/2013||Q4 2012||$1.19||$1.19||$2.24 billion||$2.17 billion||View||Listen|
Earnings Estimates for Eastman Chemical Company (NYSE:EMN)
2017 EPS Consensus Estimate: $7.21
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Eastman Chemical Company (NYSE:EMN)
|Most Recent Dividend:||10/2/2017|
|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 History by Quarter for Eastman Chemical Company (NYSE EMN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Eastman Chemical Company (NYSE:EMN)
Insider Ownership Percentage: 1.14%Insider Trades by Quarter for Eastman Chemical Company (NYSE:EMN)
Institutional Ownership Percentage: 82.12%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/22/2017||Renee J Hornbaker||Director||Sell||4,000||$84.43||$337,720.00|| |
|8/3/2017||Mark K. Cox||Insider||Sell||1,400||$84.24||$117,936.00|| |
|5/31/2017||Lewis M Kling||Director||Sell||4,000||$79.88||$319,520.00|| |
|3/7/2017||David W Raisbeck||Director||Sell||4,000||$79.18||$316,720.00|| |
|3/2/2017||Stephen Glenn Crawford||SVP||Sell||3,800||$80.73||$306,774.00|| |
|2/28/2017||Lucian Boldea||Insider||Sell||821||$80.08||$65,745.68|| |
|2/28/2017||Scott V King||CAO||Sell||8,000||$79.56||$636,480.00|| |
|2/22/2017||Michael Hk Chung||SVP||Sell||10,968||$81.26||$891,259.68|| |
|2/17/2017||Mark J Costa||CEO||Sell||16,250||$79.97||$1,299,512.50|| |
|2/3/2017||Curtis E Espeland||CFO||Sell||17,100||$78.00||$1,333,800.00|| |
|2/1/2017||Robert M. Hernandez||Director||Sell||8,000||$77.75||$622,000.00|| |
|12/5/2016||Stephen R Demeritt||Director||Sell||4,000||$75.81||$303,240.00|| |
|5/10/2016||Mark J Costa||CEO||Sell||38,400||$75.16||$2,886,144.00|| |
|5/4/2016||Scott V King||CAO||Sell||12,000||$75.48||$905,760.00|| |
|2/25/2016||Ronald Carter Lindsay||COO||Sell||55,000||$64.33||$3,538,150.00|| |
|2/22/2016||Mark J Costa||CEO||Sell||56,000||$62.83||$3,518,480.00|| |
|2/19/2016||Michael P Connors||Director||Sell||8,000||$62.93||$503,440.00|| |
|6/22/2015||Ronald Carter Lindsay||COO||Sell||11,000||$82.17||$903,870.00|| |
|6/18/2015||Ronald Carter Lindsay||COO||Sell||11,000||$79.10||$870,100.00|| |
|6/15/2015||Ronald Carter Lindsay||COO||Sell||11,000||$76.69||$843,590.00|| |
|5/14/2015||Ronald Carter Lindsay||COO||Sell||27,800||$78.39||$2,179,242.00|| |
|5/8/2015||Godefroy Afe Motte||SVP||Sell||7,920||$80.07||$634,154.40|| |
|11/25/2014||Stephen R Demeritt||Director||Sell||8,000||$86.49||$691,920.00|| |
|11/24/2014||David A Golden||SVP||Sell||1,734||$87.41||$151,568.94|| |
|5/19/2014||Renee Hornbaker||Director||Sell||4,000||$86.41||$345,640.00|| |
|3/7/2014||David Raisbeck||Director||Sell||4,000||$87.22||$348,880.00|| |
|3/4/2014||Michael Hk Chung||SVP||Sell||8,000||$88.16||$705,280.00|| |
|3/3/2014||Mark Costa||CEO||Sell||70,000||$87.04||$6,092,800.00|| |
|3/3/2014||Scott King||CAO||Sell||8,853||$86.99||$770,122.47|| |
|2/26/2014||Michael Connors||Director||Sell||8,000||$85.79||$686,320.00|| |
|2/26/2014||Stephen Glenn Crawford||SVP||Sell||8,200||$86.25||$707,250.00|| |
|2/24/2014||Brad Lich||EVP||Sell||7,500||$84.54||$634,050.00|| |
|2/24/2014||Ronald Carter Lindsay||COO||Sell||30,000||$84.67||$2,540,100.00|| |
|8/6/2013||David Golden||SVP||Sell||5,200||$80.78||$420,056.00|| |
|8/5/2013||Howard Lance||Director||Sell||12,000||$82.40||$988,800.00|| |
|8/2/2013||Mark Costa||President||Sell||20,000||$81.50||$1,630,000.00|| |
|8/2/2013||Ronald Carter Lindsay||VP||Sell||65,399||$81.54||$5,332,634.46|| |
|8/2/2013||Scott King||CAO||Sell||22,200||$81.79||$1,815,738.00|| |
|8/9/2012||Mark J Costa||EVP||Sell||15,000||$54.22||$813,300.00|| |
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