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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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NYSE:EMN

Eastman Chemical Stock Forecast, Price & News

$104.78
-1.70 (-1.60 %)
(As of 01/15/2021 12:00 AM ET)
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Today's Range
$103.71
Now: $104.78
$105.87
50-Day Range
$97.40
MA: $102.30
$110.06
52-Week Range
$34.44
Now: $104.78
$110.27
Volume593,480 shs
Average Volume785,942 shs
Market Capitalization$14.19 billion
P/E Ratio30.28
Dividend Yield2.59%
Beta1.53
Eastman Chemical Company operates as an advanced materials and specialty additives company worldwide. The company's Additives & Functional Products segment offers specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; hydrocarbon and rosin resins; insoluble sulfur and anti-degradant rubber additives; performance resins; amine derivative-based building blocks; heat transfer and aviation fluids; organic acid-based solutions; and metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators. 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 Olefin and acetyl derivatives, ethylene, and commodity solvents; primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers; and methylamines and salts higher amines and solvents 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, 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.
Eastman Chemical logo

MarketRank

Overall MarketRank

2.19 out of 5 stars

Basic Materials Sector

21st out of 651 stocks

Plastics Materials & Resins Industry

2nd out of 16 stocks

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.27 billion
Cash Flow$11.55 per share
Book Value$44.35 per share

Profitability

Net Income$759 million

Miscellaneous

Market Cap$14.19 billion
Next Earnings Date1/28/2021 (Confirmed)
OptionableOptionable
$104.78
-1.70 (-1.60 %)
(As of 01/15/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Eastman Chemical (NYSE:EMN) Frequently Asked Questions

How has Eastman Chemical's stock been impacted by Coronavirus?

Eastman Chemical's stock was trading at $47.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EMN shares have increased by 120.5% and is now trading at $104.78.
View which stocks have been most impacted by COVID-19
.

Is Eastman Chemical a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Eastman Chemical in the last year. There are currently 6 hold ratings and 9 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 MarketBeat's top 5 stock picks.

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.

When is Eastman Chemical's next earnings date?

Eastman Chemical is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
View our earnings forecast for Eastman Chemical
.

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

Eastman Chemical will be holding an earnings conference call on Thursday, January 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Eastman Chemical's earnings last quarter?

Eastman Chemical (NYSE:EMN) issued its quarterly earnings results on Thursday, October, 29th. The basic materials company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.37 by $0.20. The basic materials company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.07 billion. Eastman Chemical had a net margin of 5.56% and a return on equity of 13.12%. The business's revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.94 EPS.
View Eastman Chemical's earnings history
.

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

Eastman Chemical declared a quarterly dividend on Thursday, December 3rd. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.69 per share on Friday, January 8th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, December 14th. This is a positive change from Eastman Chemical's previous quarterly dividend of $0.66.
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 2.59%. 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 fourth quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of $1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.41.

What price target have analysts set for EMN?

15 Wall Street analysts have issued 1-year target prices for Eastman Chemical's shares. Their forecasts range from $52.00 to $122.00. On average, they anticipate Eastman Chemical's share price to reach $84.35 in the next year. This suggests that the stock has a possible downside of 19.5%.
View analysts' price targets for Eastman Chemical
or view Wall Street analyst' top-rated stocks.

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), Huntsman (HUN), Olin (OLN) 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).

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 $2.01M)
  • Mr. Stephen Glenn Crawford, Sr. VP and Chief Technology & Sustainability Officer (Age 56, Pay $696.34k)
  • Mr. Brad A. Lich, Exec. VP & Chief Commercial Officer (Age 53, Pay $944.48k)
  • Mr. Lucian Boldea Ph.D., Exec. VP of Chemical Intermediates, Additives & Functional Products (Age 49, Pay $800.73k)
  • Mr. William Thomas McLain Jr., CFO & Sr. VP
  • Mr. Scott V. King, Chief Accounting Officer, VP & Corp. Controller (Age 52)
  • Mr. Gregory A. Riddle, VP of Investor Relations & Communications (Age 52)
  • Ms. Kellye L. Walker, Exec. VP & Chief Legal Officer (Age 54)
  • Mr. Perry Stuckey III, Chief HR Officer & Sr. VP (Age 62)
  • Mr. J. P. Kuijpers, MD of EMEA Region & Global Procurement Director

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 institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.38%), CHURCHILL MANAGEMENT Corp (0.14%), Gateway Investment Advisers LLC (0.14%), Private Capital Advisors Inc. (0.07%), Huntington National Bank (0.04%) and Raymond James Trust N.A. (0.04%). Company insiders that own Eastman Chemical stock include Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King, Stephen Glenn Crawford and Votava Jan.
View institutional ownership trends for Eastman Chemical
.

Which institutional investors are selling Eastman Chemical stock?

EMN stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Hexavest Inc., Gateway Investment Advisers LLC, Crossmark Global Holdings Inc., State of Alaska Department of Revenue, CHURCHILL MANAGEMENT Corp, Butensky & Cohen Financial Security Inc., and Private Capital Advisors Inc.. Company insiders that have sold Eastman Chemical company stock in the last year include Lucian Boldea, Mark J Costa, Mark K Cox, Scott V King, and Stephen Glenn Crawford.
View insider buying and selling activity for Eastman Chemical
or view top insider-selling stocks.

Which institutional investors are buying Eastman Chemical stock?

EMN stock was acquired by a variety of institutional investors in the last quarter, including First Citizens Bank & Trust Co., First American Bank, Huntington National Bank, Contravisory Investment Management Inc., Resonant Capital Advisors LLC, Fulton Bank N.A., Cullinan Associates Inc., and IFM Investors Pty Ltd.
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.

What is Eastman Chemical's stock price today?

One share of EMN stock can currently be purchased for approximately $104.78.

How big of a company is Eastman Chemical?

Eastman Chemical has a market capitalization of $14.19 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.

What is Eastman Chemical's official website?

The official website for Eastman Chemical is 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]

This page was last updated on 1/17/2021 by MarketBeat.com Staff

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