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 3.53%. The ex-dividend date of this dividend is Friday, March 13th. View Eastman Chemical's Dividend History.

Eastman Chemical (NYSE:EMN) posted its quarterly earnings data on Thursday, January, 30th. The basic materials company reported $1.42 EPS for the quarter, beating the Zacks' consensus estimate of $1.33 by $0.09. The basic materials company had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.20 billion. The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the company 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 issued an update on 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 Wall Street analysts have issued 12-month price targets for Eastman Chemical's shares. Their forecasts range from $74.00 to $94.00. On average, they expect Eastman Chemical's share price to reach $82.33 in the next year. This suggests a possible upside of 10.2% 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 somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. 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 2.0 on InfoTrie's scale. They also assigned media stories about the basic materials company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Eastman Chemical.

Eastman Chemical saw a increase in short interest in 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 volume of 1,080,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.4% of the shares of the stock are short sold. View Eastman Chemical's Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Eastman Chemical investors own include AT&T (T), AbbVie (ABBV), Verizon Communications (VZ), QUALCOMM (QCOM), 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%), Bank of New York Mellon Corp (1.74%) and Massachusetts Financial Services Co. MA (1.45%). 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, State Street Corp, PGGM Investments, LSV Asset Management and Tocqueville Asset Management L.P.. View Insider Buying and Selling for Eastman Chemical.

EMN stock was acquired 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 $74.73.