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. Stockholders 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 dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, December 13th. This is a positive change from Eastman Chemical's previous quarterly dividend of $0.62. View Eastman Chemical's Dividend History.

Eastman Chemical (NYSE:EMN) announced its earnings results on Thursday, October, 24th. The basic materials company reported $1.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by $0.04. The basic materials company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.36 billion. Eastman Chemical had a return on equity of 16.58% and a net margin of 8.12%. Eastman Chemical's revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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 issued an update on 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 analysts have issued 1 year price objectives for Eastman Chemical's stock. Their forecasts range from $77.00 to $94.00. On average, they expect 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 stories about EMN stock have trended very positive this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public 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 3.4 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future. View News Stories for Eastman Chemical.

Eastman Chemical saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decrease of 18.3% from the December 15th total of 1,970,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is presently 1.5 days. Approximately 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), QUALCOMM (QCOM), Intel (INTC), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD), Cisco Systems (CSCO), CVS Health (CVS), Johnson & Johnson (JNJ) and Broadcom (AVGO).

Eastman Chemical's stock is owned by a number of of institutional and retail investors. Top institutional investors 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 acquired 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]