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

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

Eastman Chemical announced a quarterly dividend on Thursday, August 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.62 per share on Friday, October 4th. This represents a $2.48 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend is Friday, September 13th. View Eastman Chemical's Dividend History.

Eastman Chemical (NYSE:EMN) announced its earnings results on Thursday, July, 25th. The basic materials company reported $1.99 earnings per share for the quarter, missing analysts' consensus estimates of $2.09 by $0.10. The basic materials company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.55 billion. Eastman Chemical had a return on equity of 17.76% and a net margin of 9.45%. The business's quarterly revenue was down 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 EPS. View Eastman Chemical's Earnings History.

Eastman Chemical is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for Eastman Chemical.

Eastman Chemical updated its FY19 earnings guidance on Thursday, July, 25th. The company provided earnings per share guidance of $7.50-8.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.40.

13 Wall Street analysts have issued 12-month target prices for Eastman Chemical's stock. Their forecasts range from $77.00 to $98.00. On average, they expect Eastman Chemical's stock price to reach $85.50 in the next year. This suggests a possible upside of 31.5% from the stock's current price. View Analyst Price Targets for Eastman Chemical.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Eastman Chemical.

News headlines about EMN stock have trended positive on Thursday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Eastman Chemical earned a media sentiment score of 2.5 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. View News Stories for Eastman Chemical.

Eastman Chemical saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,046,900 shares, a decline of 11.8% from the June 30th total of 2,320,800 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.5% of the company's stock are short sold. View Eastman Chemical's Current Options Chain.

Some companies that are related to Eastman Chemical include Albemarle (ALB), Hexcel (HXL), Sinopec Shanghai Petrochemical (SHI), Rogers (ROG), PolyOne (POL), Trinseo (TSE), Kraton (KRA), AdvanSix (ASIX), Cereplast (CERPQ) and ForceField Energy (FNRG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include Intel (INTC), AT&T (T), QUALCOMM (qcom), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), AbbVie (ABBV), Mcdonald's (MCD), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Eastman Chemical's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.82%), BlackRock Inc. (7.15%), JPMorgan Chase & Co. (5.31%), LSV Asset Management (4.05%), Victory Capital Management Inc. (3.27%) and Invesco Ltd. (2.40%). 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, Perry Stuckey, Renee J Hornbaker, Scott V King and Stephen R Demeritt. View Institutional Ownership Trends for Eastman Chemical.

EMN stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., APG Asset Management N.V., DekaBank Deutsche Girozentrale, Bluestein R H & Co., Retirement Systems of Alabama, AQR Capital Management LLC, Teacher Retirement System of Texas and Allianz Asset Management GmbH. View Insider Buying and Selling for Eastman Chemical.

EMN stock was purchased by a variety of institutional investors in the last quarter, including Invesco Ltd., Victory Capital Management Inc., JPMorgan Chase & Co., Nuveen Asset Management LLC, Clark Capital Management Group Inc., UBS Group AG, Russell Investments Group Ltd. and Panagora Asset Management Inc.. 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, Scottrade, Fidelity and Charles Schwab.

One share of EMN stock can currently be purchased for approximately $65.00.

Eastman Chemical has a market capitalization of $8.90 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]