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 announced a quarterly dividend on Wednesday, February 12th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.66 per share on Friday, April 3rd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, March 13th. View Eastman Chemical's Dividend History.

Eastman Chemical (NYSE:EMN) released its earnings results on Thursday, January, 30th. The basic materials company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.33 by $0.09. The basic materials company earned $2.21 billion during the quarter, compared to analysts' expectations of $2.20 billion. Eastman Chemical had a return on equity of 16.50% and a net margin of 8.19%. The company's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.39 earnings per share. View Eastman Chemical's Earnings History.

Eastman Chemical is scheduled to release their next quarterly earnings announcement on Thursday, April 23rd 2020. View Earnings Estimates for Eastman Chemical.

Eastman Chemical updated its FY20 earnings guidance on Thursday, January, 30th. The company provided earnings per share (EPS) guidance of $7.20-7.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $7.78.

12 equities research analysts have issued 1-year price objectives for Eastman Chemical's shares. Their forecasts range from $74.00 to $94.00. On average, they anticipate Eastman Chemical's share price to reach $82.33 in the next twelve months. This suggests a possible upside of 11.9% 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.

News headlines about EMN stock have trended neutral this week, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Eastman Chemical earned a news impact score of 0.5 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Eastman Chemical.

Eastman Chemical saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,900,000 shares, an increase of 18.0% from the January 15th total of 1,610,000 shares. Based on an average daily trading volume, of 1,080,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.4% of the company's shares are short sold. 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), AbbVie (ABBV), QUALCOMM (QCOM), Verizon Communications (VZ), Intel (INTC), Enterprise Products Partners (EPD), Exxon Mobil (XOM), Broadcom (AVGO), Cisco Systems (CSCO) and Gilead Sciences (GILD).

Eastman Chemical's stock is owned by a variety of of retail and institutional investors. Top institutional investors include State Street Corp (4.65%), LSV Asset Management (3.90%), Victory Capital Management Inc. (2.92%), Victory Capital Management Inc. (2.91%), Geode Capital Management LLC (1.92%) and Bank of New York Mellon Corp (1.74%). 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 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 Victory Capital Management Inc., Victory Capital Management Inc., Russell Investments Group Ltd., Schroder Investment Management Group, National Pension Service, State Street Corp, PGGM Investments and LSV Asset Management. View Insider Buying and Selling for Eastman Chemical.

EMN stock was bought by a variety of institutional investors in the last quarter, including OLD Republic International Corp, Bank of New York Mellon Corp, Panagora Asset Management Inc., FMR LLC, Marshall Wace LLP, Goldman Sachs Group Inc., Clark Capital Management Group Inc. and Bank of America Corp DE. 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 $73.60.

Eastman Chemical has a market capitalization of $10.01 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.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]