NYSE:EMN

Eastman Chemical Stock Forecast, Price & News

$124.97
+0.93 (+0.75 %)
(As of 05/7/2021 12:00 AM ET)
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Today's Range
$122.06
$125.43
50-Day Range
$106.60
$124.04
52-Week Range
$57.30
$125.43
Volume571,871 shs
Average Volume884,813 shs
Market Capitalization$17.04 billion
P/E Ratio36.12
Dividend Yield2.23%
Beta1.53
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry Plastics materials & resins
Sub-IndustryDiversified Chemicals
CUSIP27743210
Phone423-229-2000
Employees14,500
Year Founded1920

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$13.78 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$17.04 billion
Next Earnings Date8/2/2021 (Estimated)
OptionableOptionable

Social Links

Headlines

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Eastman Chemical logo

About Eastman Chemical

Eastman Chemical Company operates as a specialty materials company worldwide. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves the transportation, consumables, building and construction, animal nutrition, crop protection, energy, personal and home care, and other markets. Its Advanced Materials segment provides copolyesters, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, consumables, building and construction, durable goods, and health and wellness markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, aerospace, personal hygiene, and consumables markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.

MarketRank

Overall MarketRank

1.98 out of 5 stars

Basic Materials Sector

38th out of 864 stocks

Plastics Materials & Resins Industry

4th out of 18 stocks

Analyst Opinion: 1.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

Is Eastman Chemical a buy right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Eastman Chemical stock.
View analyst ratings for Eastman Chemical
or view top-rated stocks.

What stocks does MarketBeat like better than Eastman Chemical?

Wall Street analysts have given Eastman Chemical a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Eastman Chemical wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Eastman Chemical?

Eastman Chemical saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,240,000 shares, a drop of 25.3% from the March 15th total of 1,660,000 shares. Based on an average trading volume of 930,500 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.9% of the shares of the stock are short sold.
View Eastman Chemical's Short Interest
.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Eastman Chemical
.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) announced its earnings results on Thursday, April, 29th. The basic materials company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.03 by $0.10. Eastman Chemical had a trailing twelve-month return on equity of 13.12% and a net margin of 5.56%.
View Eastman Chemical's earnings history
.

How has Eastman Chemical's stock price been impacted by COVID-19?

Eastman Chemical's stock was trading at $47.51 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, EMN shares have increased by 163.0% and is now trading at $124.97.
View which stocks have been most impacted by COVID-19
.

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

Eastman Chemical announced a quarterly dividend on Thursday, May 6th. Investors of record on Tuesday, June 15th will be given a dividend of $0.69 per share on Friday, July 2nd. This represents a $2.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Monday, June 14th.
View Eastman Chemical's dividend history
.

Is Eastman Chemical a good dividend stock?

Eastman Chemical pays an annual dividend of $2.76 per share and currently has a dividend yield of 2.23%. Eastman Chemical does not yet have a strock track record of dividend growth. The dividend payout ratio of Eastman Chemical is 38.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Eastman Chemical will have a dividend payout ratio of 38.02% next year. This indicates that Eastman Chemical will be able to sustain or increase its dividend.
View Eastman Chemical's dividend history.

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

Eastman Chemical issued an update on its FY 2021 earnings guidance on Thursday, May, 6th. The company provided earnings per share (EPS) guidance of 8.250-8.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.950. The company issued revenue guidance of -.

What price target have analysts set for EMN?

10 brokers have issued 12-month price objectives for Eastman Chemical's stock. Their forecasts range from $73.00 to $142.00. On average, they anticipate Eastman Chemical's share price to reach $106.09 in the next year. This suggests that the stock has a possible downside of 15.1%.
View analysts' price targets for Eastman Chemical
or view top-rated stocks among Wall Street analysts.

Who are Eastman Chemical's key executives?

Eastman Chemical's management team includes the following people:
  • Mr. Mark J. Costa, Chairman & CEO (Age 55, Pay $3.52M) (LinkedIn Profile)
  • Mr. William Thomas McLain Jr., CFO & Sr. VP (Age 48, Pay $1.46M)
  • Ms. Kellye L. Walker, Exec. VP & Chief Legal Officer (Age 54, Pay $984.89k) (LinkedIn Profile)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 53, Pay $1.69M) (LinkedIn Profile)
  • Dr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 49, Pay $1.4M) (LinkedIn Profile)
  • Mr. Scott V. King, Chief Accounting Officer, VP & Corp. Controller (Age 52)
  • Mr. Stephen Glenn Crawford, Sr. VP and Chief Technology & Sustainability Officer (Age 56)
  • Mr. Gregory A. Riddle, VP of Investor Relations & Communications (Age 52) (LinkedIn Profile)
  • Mr. Perry Stuckey III, Chief HR Officer & Sr. VP (Age 62) (LinkedIn Profile)
  • Mr. J. P. Kuijpers, MD of EMEA Region & Global Procurement Director

What is Mark J. Costa's approval rating as Eastman Chemical's CEO?

742 employees have rated Eastman Chemical CEO Mark J. Costa on Glassdoor.com. Mark J. Costa has an approval rating of 74% among Eastman Chemical's employees.

Who are some of Eastman Chemical's key competitors?

Some companies that are related to Eastman Chemical include DOW (DOW), PPG Industries (PPG), FMC (FMC), Olin (OLN), Huntsman (HUN) and LSB Industries (LXU).
View all of EMN's 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 AT&T (T), AbbVie (ABBV), Intel (INTC), QUALCOMM (QCOM), CVS Health (CVS), Verizon Communications (VZ), Pfizer (PFE), Cisco Systems (CSCO), Johnson & Johnson (JNJ) and Broadcom (AVGO).

What is Eastman Chemical's stock symbol?

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

Who are Eastman Chemical's major shareholders?

Eastman Chemical's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.02%), LSV Asset Management (2.09%), Victory Capital Management Inc. (1.76%), Ninety One UK Ltd (1.58%), Swiss National Bank (0.38%) and Miller Howard Investments Inc. NY (0.36%). Company insiders that own Eastman Chemical stock include Brad A Lich, Lucian Boldea, Mark J Costa, Mark K Cox, Perry Stuckey, Scott V King, Stephen Glenn Crawford and Votava Jan.
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 LSV Asset Management, Victory Capital Management Inc., Wedge Capital Management L L P NC, Alliancebernstein L.P., First National Bank of Mount Dora Trust Investment Services, Pacer Advisors Inc., Scotia Capital Inc., and Ilmarinen Mutual Pension Insurance Co. 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, Perry Stuckey, Scott V King, and Stephen Glenn Crawford.
View insider buying and selling activity for Eastman Chemical
or view top insider-selling stocks.

Which major investors are buying Eastman Chemical stock?

EMN stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Ninety One UK Ltd, The PNC Financial Services Group Inc., Assenagon Asset Management S.A., Artemis Investment Management LLP, G&S Capital LLC, Meeder Asset Management Inc., and Nippon Life Global Investors Americas Inc..
View insider buying and selling activity for Eastman Chemical
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $124.97.

How much money does Eastman Chemical make?

Eastman Chemical has a market capitalization of $17.04 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.

How many employees does Eastman Chemical have?

Eastman Chemical employs 14,500 workers across the globe.

Does Eastman Chemical have any subsidiaries?

The following companies are subsidiares of Eastman Chemical: BP - Aviation Turbine Oil Business, CP Films Vertriebs GmbH, Commonwealth Laminating & Coating (Hong Kong) Limited, Commonwealth Laminating & Coating Inc, Crown Operations International LLC, Dynaloy, Eastman Administración S.A. de C.V., Eastman Chemical (Barbados) SRL, Eastman Chemical (China) Co. Ltd., Eastman Chemical (China) Co. Ltd. - Guangzhou Branch, Eastman Chemical (China) Co. Ltd. - JingAn Branch, Eastman Chemical (Gibraltar) Limited, Eastman Chemical (Malaysia) Sdn. Bhd., Eastman Chemical (PPU) Pte. Ltd., Eastman Chemical AMI GmbH, Eastman Chemical AMI LLC, Eastman Chemical AP Holdings B.V., Eastman Chemical Adhesives (Hong Kong) Limited, Eastman Chemical Advanced Materials B.V., Eastman Chemical Argentina S.R.L., Eastman Chemical Asia Pacific Pte Ltd-Indonesia Rep Office, Eastman Chemical Asia Pacific Pte. Ltd., Eastman Chemical Asia Pacific Pte. Ltd. - Vietnam Representative Office, Eastman Chemical Australia Pty LTD - New Zealand Branch, Eastman Chemical Australia Pty. Ltd., Eastman Chemical B.V., Eastman Chemical B.V. - Czech Republic Representative Office, Eastman Chemical B.V. - Denmark Branch, Eastman Chemical B.V. - Filiale Italiana, Eastman Chemical B.V. - France Branch, Eastman Chemical B.V. - Hungarian Commercial Representative Office, Eastman Chemical B.V. - Poland Representative Office, Eastman Chemical B.V. - South Africa Representative Office, Eastman Chemical B.V. Taiwan Branch, Eastman Chemical B.V. The Hague Zug Branch, Eastman Chemical Canada Inc., Eastman Chemical Company Investments Inc., Eastman Chemical EMEA B.V., Eastman Chemical Europe Middle East and Africa LLC, Eastman Chemical Europe S.a.r.l., Eastman Chemical Fibers IP GmbH, Eastman Chemical Fibers IP LLC, Eastman Chemical Finance B.V., Eastman Chemical Finance CN S.a.r.l., Eastman Chemical Finance EUR S.a.r.l., Eastman Chemical Finance GBP S.a.r.l., Eastman Chemical Finance SGD S.a.r.l., Eastman Chemical Finance USD S.a.r.l., Eastman Chemical Financial Corporation, Eastman Chemical GDL S.a.r.l., Eastman Chemical Germany Holdings GmbH & Co. KG, Eastman Chemical Germany Management GmbH & Co. KG, Eastman Chemical Germany Verwaltungs-GmbH, Eastman Chemical Global Holdings LLC, Eastman Chemical Global Holdings S.a.r.l., Eastman Chemical GmbH, Eastman Chemical HK Limited, Eastman Chemical Holdings do Brasil Ltda., Eastman Chemical Hong Kong B.V., Eastman Chemical Iberica S.L., Eastman Chemical India Private Limited, Eastman Chemical Intermediates (Hong Kong) Limited, Eastman Chemical International GmbH, Eastman Chemical International Holdings B.V., Eastman Chemical International LP LLC, Eastman Chemical Japan Ltd., Eastman Chemical Korea B.V., Eastman Chemical Korea Ltd., Eastman Chemical Latin America Inc., Eastman Chemical Ltd., Eastman Chemical Ltd. - Australia Branch, Eastman Chemical Ltd. - Singapore Branch, Eastman Chemical Ltd. - Taiwan Branch, Eastman Chemical Luxembourg Finance S.a.r.l., Eastman Chemical Luxembourg Holdings 1 LLC, Eastman Chemical Luxembourg Holdings 1 S.a.r.l., Eastman Chemical Luxembourg Holdings 2 S.a.r.l., Eastman Chemical Luxembourg Holdings LLC, Eastman Chemical Luxembourg Holdings S.a.r.l., Eastman Chemical Malaysia B.V., Eastman Chemical Middelburg B.V., Eastman Chemical Netherlands Limited, Eastman Chemical Products Singapore Pte. Ltd., Eastman Chemical Regional UK, Eastman Chemical Resins Inc., Eastman Chemical S.C.S., Eastman Chemical Singapore Pte. Ltd., Eastman Chemical Switzerland GmbH, Eastman Chemical Technology BVBA, Eastman Chemical Texas City Inc., Eastman Chemical US Finance LLC, Eastman Chemical Uruapan S.A. de C.V., Eastman Chemical Workington Limited, Eastman Chemical do Brasil Ltda., Eastman Cogen Management L.L.C., Eastman Cogeneration L.P., Eastman Company UK Limited, Eastman Fibers Korea Limited, Eastman Fibers Singapore Pte. Ltd., Eastman Foundation, Eastman Global Holdings Inc., Eastman International Holdings LLC, Eastman International Management Company, Eastman Italia S.r.l., Eastman Kimya Sanayi ve Ticaret Limited Sirketi, Eastman LAR Distribucion S. de R.L. de C.V., Eastman Mazzucchelli Hong Kong Limited, Eastman Mazzucchelli Plastics (Shenzhen) Company Limited, Eastman Servicios Corporativos S.A. de C.V., Eastman Spain L.L.C., Eastman Specialties Corporation, Eastman Specialties Holdings Corporation, Eastman Specialties OU, Eastman Specialties S.a.r.l., Eastman Specialties Wuhan Youji Chemical Co. Ltd, Eastman de Argentina SRL, Ecuataminco S.A., Flexsys America L.P., Flexsys America LLC, Flexsys Chemicals (M) Sdn Bhd, Flexsys K.K., Flexsys Rubber Chemicals Limited, Flexsys Verkauf GmbH, Flexsys Verkauf GmbH - France Branch, Flexsys Verwaltungs- und Beteiligungsgesellschaft mbH, Genovique Specialties Corporation, HDK Industries Inc., Holston Defense Corporation, Huper Optik (GP) L.L.C., Huper Optik International Pte. Ltd., Huper Optik U.S.A. L.P., Industriepark Nienburg GmbH, Kingsport Hotel L.L.C., Knowlton Technologies LLC, Monchem International LLC, Mustang Pipeline Company, Nanjing Yangzi Eastman Chemical Ltd, Novomatrix Inc., Novomatrix International Trading (Shanghai) Co. Ltd., Qilu Eastman Specialty Chemicals Ltd, S E Investment LLC, Sakra Hyco Pte. Ltd., Sakra Island Carbon Dioxide Pte Ltd, Scandiflex do Brasil Ltda., Solchem LLC, Solchem Netherlands C.V., Solutia (Thailand) Ltd., Solutia Brasil Ltda., Solutia Canada Inc., Solutia Chemicals France S.a.r.l., Solutia Chemicals India Private Limited, Solutia Chemicals India Private Limited - Branch, Solutia Deutschland GmbH, Solutia Europe BVBA - Portugal Representative Office, Solutia Europe BVBA - Russia Representative Office, Solutia Europe SPRL/BVBA, Solutia Greater China LLC, Solutia Hong Kong Limited, Solutia Inc., Solutia International Trading (Shanghai) Co. Ltd., Solutia Italia S.r.l., Solutia Japan Limited, Solutia Performance Products (Suzhou) Co. Ltd., Solutia Performance Products Solutions Ltd., Solutia Singapore Pte. Ltd., Solutia Solar GmbH, Solutia Therminol Co. Ltd. Suzhou, Solutia Tlaxcala S.A. de C.V., Solutia UK Holdings Limited, Solutia UK Investments Limited, Solutia UK Limited, Solutia Venezuela S.R.L., Southwall Europe GmbH, Southwall Insulating Glass LLC, Southwall Technologies Inc., St. Gabriel CC Company LLC, Sterling Chemicals Inc, SunTek Australia Pty. Ltd., SunTek Films Canada Inc., SunTek UK Limited, TX Energy LLC, Taminco Argentina S.A., Taminco BVBA, Taminco BVBA - France Rep Office, Taminco BVBA - Hungarian Commercial Representative Office, Taminco BVBA - Oficina de Representacion en Espana, Taminco BVBA - The Philippines, Taminco Chile S.p.A, Taminco Choline Chloride (Shanghai) Co. Ltd., Taminco Corporation, Taminco Finland Oy, Taminco Germany GmbH, Taminco Global Chemical LLC, Taminco Group BVBA, Taminco Group Holdings S.a.r.l., Taminco Holding Netherlands B.V., Taminco Intermediate LLC, Taminco Italia S.r.l., Taminco Limitada, Taminco Mexico S. de R.L. de C.V., Taminco US LLC, Taminco Uruguay S.A., Taminco de Guatemala S.A., Taminco de Honduras S.A. de C.V., Taminco do Brasil Comercio e Industria de Aminas Ltda., Taminco do Brasil Produtos Quimicos Ltda., Te An Ling Tian (Nanjing) Fine Chemical Co. Ltd., TetraVitae Bioscience, V-Kool International Pte. Ltd., and Yixing Taminco Feed Additives Co. Ltd..

When was Eastman Chemical founded?

Eastman Chemical was founded in 1920.

What is Eastman Chemical's official website?

The official website for Eastman Chemical is www.eastman.com.

Where are Eastman Chemical's headquarters?

Eastman Chemical is headquartered at PO BOX 511 200 SOUTH WILCOX DRIVE, KINGSPORT TN, 37662.

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]


This page was last updated on 5/9/2021 by MarketBeat.com Staff
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