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

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$83.29 -0.74 (-0.88 %)
(As of 04/22/2019 04:00 PM ET)
Previous Close$84.03
Today's Range$83.29 - $84.25
52-Week Range$67.40 - $110.17
Volume27,702 shs
Average Volume1.17 million shs
Market Capitalization$11.56 billion
P/E Ratio10.16
Dividend Yield2.95%
Beta1.14
Eastman Chemical Company manufactures and sells materials, specialty additives, chemicals, and fibers in the United States and internationally. The company's Additives & Functional Products segment offers specialty coalescents, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and antidegradant rubber additives; performance resins and amine derivative-based building blocks; heat transfer and aviation fluids; formic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. Its products are used in transportation, consumables, building and construction, industrial applications, animal nutrition, care chemicals, crop protection, and energy markets. Its Advanced Materials segment provides copolyesters, cellulose esters, polyvinyl butyral (PVB) sheets, specialty (PVB) intermediates, and window film and protective film, and aftermarket applied film products for value-added end uses in transportation, consumables, building and construction, durable goods, and health and wellness markets. The company's Chemical Intermediates segment offers Olefin derivatives, acetyl derivatives, ethylene, and commodity solvents; primary non-phthalate and phthala plasticizers, and a range of niche non- phthalate plasticizers; and methylamines and salts higher amines and solvents. Its Fibers segment manufactures and sells cellulose acetate tow for use in filtration media primarily cigarette filters; triacetin, cellulose acetate flake, and acetyl raw materials for other acetate fiber producers; and natural, acetate, and polyester yarn, as well as solution-dyed acetate yarn for use in apparel, home furnishings, and industrial fabrics. The company also offers aviation turbine engine oil; wet-laid nonwovens; and specialty films. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

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Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals
SectorBasic Materials
CUSIP27743210
Phone423-229-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$10.15 billion
Cash Flow$12.6006 per share
Book Value$42.05 per share

Profitability

Net Income$1.08 billion

Miscellaneous

Employees14,500
Market Cap$11.56 billion
Next Earnings Date4/25/2019 (Confirmed)
OptionableOptionable

Eastman Chemical (NYSE:EMN) Frequently Asked Questions

What is Eastman Chemical's stock symbol?

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

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

Eastman Chemical announced a quarterly dividend on Friday, February 15th. Investors of record on Friday, March 15th will be paid a dividend of $0.62 per share on Friday, April 5th. This represents a $2.48 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 14th. View Eastman Chemical's Dividend History.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) issued its quarterly earnings results on Thursday, January, 31st. The basic materials company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $1.60 by $0.21. The basic materials company earned $2.38 billion during the quarter, compared to analysts' expectations of $2.42 billion. Eastman Chemical had a return on equity of 20.15% and a net margin of 10.64%. View Eastman Chemical's Earnings History.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Eastman Chemical.

How can I listen to Eastman Chemical's earnings call?

Eastman Chemical will be holding an earnings conference call on Friday, April 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

What guidance has Eastman Chemical issued on next quarter's earnings?

Eastman Chemical updated its FY19 earnings guidance on Thursday, January, 31st. The company provided earnings per share (EPS) guidance of $8.69-9.02 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.01.

What price target have analysts set for EMN?

11 equities research analysts have issued 12 month price objectives for Eastman Chemical's stock. Their forecasts range from $79.00 to $95.00. On average, they expect Eastman Chemical's share price to reach $89.3333 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price. View Analyst Price Targets for Eastman Chemical.

What is the consensus analysts' recommendation for Eastman Chemical?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Eastman Chemical.

Has Eastman Chemical been receiving favorable news coverage?

Press coverage about EMN stock has been trending somewhat positive on Monday, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by reviewing 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 sentiment score of 1.7 on InfoTrie's scale. They also assigned media coverage about the basic materials company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an effect on the stock's share price in the near term.

Who are some of Eastman Chemical's key competitors?

What other stocks do shareholders of Eastman Chemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include Intel (INTC), QUALCOMM (qcom), AT&T (T), JPMorgan Chase & Co. (JPM), Johnson & Johnson (JNJ), Cisco Systems (CSCO), CVS Health (CVS), Chevron (CVX), Visa (V) and Verizon Communications (VZ).

Who are Eastman Chemical's key executives?

Eastman Chemical's management team includes the folowing people:
  • Mr. Mark J. Costa, Chairman & CEO (Age 53)
  • Mr. Curtis E. Espeland, Exec. VP & CFO (Age 54)
  • Mr. Stephen Glenn Crawford, CTO & Sr. VP (Age 54)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 51)
  • Mr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 47)

Who are Eastman Chemical's major shareholders?

Eastman Chemical's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Ronna Sue Cohen (2.14%), Hexavest Inc. (0.25%), Retirement Systems of Alabama (0.20%), Gateway Investment Advisers LLC (0.20%), Deprince Race & Zollo Inc. (0.18%) and Campbell Newman Asset Management Inc. (0.07%). 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, Lewis M Kling, 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.

Which major investors are selling Eastman Chemical stock?

EMN stock was sold by a variety of institutional investors in the last quarter, including Huntington National Bank, First National Bank of Mount Dora Trust Investment Services, Strs Ohio, Raymond James Trust N.A., DNB Asset Management AS, New Mexico Educational Retirement Board, Vigilant Capital Management LLC and Heritage Investors Management Corp. Company insiders that have sold Eastman Chemical company stock in the last year include Brad A Lich, Lucian Boldea, Mark J Costa, Mark K Cox and Scott V King. View Insider Buying and Selling for Eastman Chemical.

Which major investors are buying Eastman Chemical stock?

EMN stock was acquired by a variety of institutional investors in the last quarter, including Ronna Sue Cohen, Dalton Greiner Hartman Maher & Co., Gateway Investment Advisers LLC, Ronna Sue Cohen, Hexavest Inc., CX Institutional, Gulf International Bank UK Ltd and Mercer Global Advisors Inc. ADV. View Insider Buying and Selling for Eastman Chemical.

How do I buy shares of 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.

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $83.45.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $11.58 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.

What is Eastman Chemical's official website?

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

How can I contact Eastman Chemical?

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]


MarketBeat Community Rating for Eastman Chemical (NYSE EMN)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  549 (Vote Outperform)
Underperform Votes:  497 (Vote Underperform)
Total Votes:  1,046
MarketBeat's community ratings are surveys of what our community members think about Eastman Chemical and other stocks. Vote "Outperform" if you believe EMN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EMN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/22/2019 by MarketBeat.com Staff

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