NYSE:EMN - Eastman Chemical Stock Price, Forecast & News

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

Eastman Chemical declared a quarterly dividend on Thursday, December 5th. Shareholders of record on Monday, December 16th will be given a dividend of $0.66 per share on Friday, January 3rd. This represents a $2.64 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Friday, December 13th. This is a boost from Eastman Chemical's previous quarterly dividend of $0.62. View Eastman Chemical's Dividend History.

Eastman Chemical (NYSE:EMN) issued its earnings results on Thursday, October, 24th. The basic materials company reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.98 by $0.04. The basic materials company earned $2.33 billion during the quarter, compared to analysts' expectations of $2.36 billion. Eastman Chemical had a net margin of 8.12% and a return on equity of 16.58%. Eastman Chemical's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.34 EPS. View Eastman Chemical's Earnings History.

Eastman Chemical is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Eastman Chemical.

Eastman Chemical will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Eastman Chemical updated its FY19 earnings guidance on Thursday, October, 24th. The company provided earnings per share guidance of $7.00-7.20 for the period, compared to the Thomson Reuters consensus estimate of $7.60.

12 brokers have issued 12 month price targets for Eastman Chemical's stock. Their forecasts range from $77.00 to $94.00. On average, they anticipate Eastman Chemical's stock price to reach $82.82 in the next year. This suggests a possible upside of 6.9% from the stock's current price. View Analyst Price Targets for Eastman Chemical.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Eastman Chemical.

Media coverage about EMN stock has trended positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Eastman Chemical earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media coverage about the basic materials company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Eastman Chemical.

Eastman Chemical saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decline of 18.3% from the December 15th total of 1,970,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.2% of the shares of the company are sold short. View Eastman Chemical's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include AT&T (T), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), QUALCOMM (QCOM), Intel (INTC), Gilead Sciences (GILD), Exxon Mobil (XOM), Cisco Systems (CSCO) and CVS Health (CVS).

Eastman Chemical's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Wedge Capital Management L L P NC (0.51%), Hexavest Inc. (0.26%), Gateway Investment Advisers LLC (0.20%), PGGM Investments (0.12%), Tocqueville Asset Management L.P. (0.08%) and Dalton Greiner Hartman Maher & Co. (0.06%). Company insiders that own Eastman Chemical stock include Brad A Lich, Curtis E Espeland, Damon Cary Warmack, David A Golden, David W Raisbeck, Gary E Anderson, Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King, Stephen R Demeritt and Votava Jan. View Institutional Ownership Trends for Eastman Chemical.

EMN stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Tocqueville Asset Management L.P., Wedge Capital Management L L P NC, Assenagon Asset Management S.A., Nisa Investment Advisors LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, State of Alaska Department of Revenue and Dalton Greiner Hartman Maher & Co.. View Insider Buying and Selling for Eastman Chemical.

EMN stock was purchased by a variety of institutional investors in the last quarter, including Hexavest Inc., DNB Asset Management AS, Gateway Investment Advisers LLC, Pennsylvania Trust Co, Commerzbank Aktiengesellschaft FI, Raymond James Trust N.A., Manning & Napier Group LLC and Clean Yield Group. Company insiders that have bought Eastman Chemical stock in the last two years include David W Raisbeck and Votava Jan. View Insider Buying and Selling for 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.

One share of EMN stock can currently be purchased for approximately $77.45.

Eastman Chemical has a market capitalization of $10.53 billion and generates $10.15 billion in revenue each year. The basic materials company earns $1.08 billion in net income (profit) each year or $8.20 on an earnings per share basis. Eastman Chemical employs 14,500 workers across the globe.View Additional Information About Eastman Chemical.

The official website for Eastman Chemical is http://www.eastman.com/.

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]